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Online Travel

Expedia to Invest $350 Million in Indonesia Booking Site Traveloka

Sean O'Neill photo
Sean O'Neill
Ferry Unardi of Traveloka expedia investment

Photo Credit: If true, the $400 million investment would be an achievement for Traveloka CEO Ferry Unardi, who is under 30 years old. Traveloka

Skift Take

Expedia's minority investment in Traveloka, a household name among travel players in Indonesia, makes sense. The company has struggled to gain share in Southeast Asia and a partnership can fill the gap.

Expedia Inc. has invested a $350 million minority investment as part of a yet-to-be-announced fund-raising for Indonesian online travel agency Traveloka. The companies will "cooperate on hotel supply" and share expertise. The news was first reported by The Information and confirmed in a public statement by Expedia hours later.

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