Tripla Expands Into Indonesia Via BookandLink Acquisition

Key Points

• Tripla has acquired a 53% stake in Indonesia-based BookandLink, with the Development Bank of Japan acquiring the remaining 47%.
• The acquisition aims to enhance Tripla's booking and distribution platform for hotels, integrating technologies over the next three years.
• Tripla is expanding its operations in Southeast Asia, with existing technology in over 2,400 hotels in Japan and growing presence in South Korea and Taiwan.

Summary

Tripla, a booking engine provider for hotels in Japan and Southeast Asia, has acquired a 53% stake in the Indonesian travel tech company BookandLink, while the Development Bank of Japan acquired the remaining 47%. This acquisition is part of Tripla's strategy to create a comprehensive booking and distribution platform for hotels, with plans to integrate the technologies of both companies over three years. Tripla is expanding its presence in Southeast Asia, utilizing its technology in over 2,400 hotels in Japan, and expanding into markets like South Korea and Taiwan.