Traveloka Notches 30% Rise in Flight Bookings for Q1 2019
17 May 2019
Traveloka, the Indonesian travel unicorn, has notched a 30% rise in flight bookings for Q1 2019 versus the same period last year, the company stated in a press release.
“This shows that despite an almost two-fold rise in ticket prices and a sluggish industry, the Traveloka app continues to be the choice for Indonesian consumers in purchasing flight tickets,” said Caesar Indra, Traveloka’s CEO for its transportation business.
Ticket sales for outbound travel – to destinations like Japan, South Korea, the UK, the Netherlands, and France – make up almost 70% of total revenue. The rest come from flights from Southeast Asia to Indonesia, as well as between Indonesian cities.
Other than flights, Traveloka’s transportation business also covers trains, buses, airport transfers, and car rentals. This year, the company is targeting a 12x growth in sales from land transportation, Indra added.
Founded in 2012, Traveloka’s other business units include accommodations and travel experiences. The company, which bagged US$420 million in funding last month, recently teamed up with Shopee to let the ecommerce giant’s users purchase airplane tickets through the Shopee app.
Headquartered in Jakarta, the company has expanded into seven other countries outside of Indonesia, including India and Australia.
Source: Tech in Asia