Travel

Southeast Asian companies hit important milestones, while the region still faces unequal internet access and data protection challenges.

President Caesar Indra calls sector a pillar but has no plan for digital bank.

Tiket.com CEO George Hendrata expects Indonesia’s tourism sector to recover 2019 travel bookings levels by Q2 of next year.

Oyo’s net income nose-dived 69% to USD 558 million in the financial year ended March 31, 2021, from USD 1.8 billion in FY 2020—the year before the pandemic hit.

A competitor, Zhoumo Jiudian, says it wields massive amounts of evidence that incriminate Trip.com.

Oyo has reportedly been gearing up to file documents for a mega IPO of USD 1–1.2 billion by next week, targeting a valuation of USD 12-14 billion.

Traveloka experienced major turbulence in 2020 due to the pandemic, but the firm said its business is recovering.

Online travel agency ixigo is one among the few internet companies to turn profitable in FY 2021.