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Jakarta Post

Traveloka looks to profitability amid signs of recovery

  • Eisya A. Eloksari


Jakarta   /   Fri, October 23 2020   /  01:00 am
Onboard: A man uses the Traveloka app on his mobile phone. Yogyakarta, Bandung and Bali remain the most popular destinations for Christmas and New Year's holidays, according to a recent report by Traveloka. (Photo courtesy of Traveloka)

Traveloka, Southeast Asia’s largest online travel startup, plans to reach profitability on signs that demand is recovering in Indonesia following the significant impacts of the COVID-19 health emergency on the tourism industry, its president has said. Demand for travel accommodation was gradually recovering, as seen in the bookings for Indonesian hotels that had reached 75 percent of the pre-coronavirus figure, said Traveloka president Hendry Hendrawan. A positive transaction trend was also seen in its other major markets, Thailand and Vietnam, with transaction volume returning to pre-pandemic levels in Vietnam, and Thailand not far behind. Hendry said these figures showed that the company was on the path to break even and reach profitability in the near future. “We are in a position now to attain a stronger financial position compared to the pre-pandemic e...