OYO is sticking to its domestic playbook as well as staying focused on South-east Asia which contributes about 15% to its business, Rohit Kapoor discloses. The second blessing is because 90% of its demand is local in markets such as India, Malaysia and Indonesia, the lack of international travel has not impacted it that much. They don’t wait for the storm to be over and do nothing”.Īt OYO, it built product and tech, “more than we had built in the last four years, which is impacting every part of the consumer and partner experience”. Speaking from Delhi, Rohit Kapoor, CEO, India & South East Asia (INSEA), OYO, told the WiT audience that during a storm, “the best fishermen repair the nets. It has also signed a joint venture to launch digital financial services in Thailand. “We will work on enhancing our services to make sure we give everything the customer needs to explore the world on a single platform – from transportation like flights and trains, to accommodation, attractions, eateries, insurance, financial services.”Īs one of the five appointed distributors of the SingapoRediscover Vouchers, which this week was extended for another six months to December 2021, Traveloka has also used the DC (During Covid) moment to deepen its play in Singapore.
Nelly Nurmasalari says Traveloka will continue to grow its three core pillars of travel, financial and local services. “Actually we see ourselves as South-east Asia’s lifestyle superapp, so our mission will be more in empowering people to enjoy new experiences around the world. Traveloka is reported to be considering an IPO via SPAC for a valuation of $5 billion.ĭuring the WiT roadshow, Nelly Nurmasalari, vice president of accommodation, Traveloka said the Indonesia-based travel brand would continue to grow its three core pillars of travel, financial and local services. Traveloka shoots for superapp, SPAC listing on the horizon? With Chinese outbound travel not expected to fully recover until mid-2023 (according to this study), will have to dig even more deeply into its home market and compete fiercely against other e-commerce juggernauts in China. And it plans to use funds raised to expand its one-stop travel offering and invest in technology. Group, whose home base in China gives it a decidedly strong advantage in a world gone local, has gone for a dual listing on both the Hong Kong Stock Exchange on top of its NASDAQ listing. Its back-to-focus on accommodation is clearly being rewarded, and it remains the one to watch, given alternative accommodation is leading recovery, wherever there are green shoots. The first day of trading cemented Airbnb’s place as one of the world’s biggest travel businesses, with its valuation soaring past $100b at one point. Airbnb takes the public road paved with goldĪirbnb was first out of the gate with an IPO last December, the success of which left even its co-founder and CEO Brian Chesky reportedly speechless. So let’s take an inventory of the different roads being taken – this is by no means comprehensive, just a cursory wrap of recent developments that have caught our attention. Strategies being adopted by both global and local brands. More than two roads have diverged in travel and all are thus far, “not taken”Īs different companies blaze different trails to the future.ĭuring Episode 2 of the WiT Travel Roadshow, whose theme was “BC Global,ĭC Local, AC Which Way Forward”, the discussions were around the different Well, it seems that on the long, long road to recovery AC (After Covid), So penned Robert Frost in “The Road Not Taken”.
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