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Online Travel

Online Travel's Traveloka Sees Signs for Hope in Southeast Asia Recovery

Sean O'Neill photo
Sean O'Neill
Ritz Carlton Langkawi Island Source Ritz Carlton

Photo Credit: A pool at the Ritz Carlton Langkawi on Langkawi in Malaysia. It's set within a 10-million-year-old rainforest on the edge of the Andaman Sea. Ritz Carlton

Skift Take

Traveloka says that transactions are back to pre-crisis levels in Thailand and Vietnam, two of its key markets. The resumption of domestic tourism is a hopeful sign for the sector.

Southeast Asia's Traveloka expects to break even by early 2021. That's the word from Henry Hendrawan, president of the Jakarta-based unicorn online travel and lifestyle agency, when speaking at the Tech in Asia conference on Tuesday. Hendrawan said he expected profitability in its travel businesses within a year, despite the crisis. Traveloka is privately held Indonesia's largest online travel player said in July it had raised $250 million in fresh funding. The company has raised $750 million to date from investors including Expedia Grou

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