Flight ticket price had been increasing rapidly lately. It even went up to two-fold the previous price. Yet despite the sluggish industry, Traveloka reported an in crease of book in the first quarter of 2019. It increases up to 30% than the same period the previous year.
“This shows that despite the sluggish in the industry due to almost doubling price of ticket flight, Traveloka is still the favorite choise of Indonesian people to buy flight tickets,” said Caesar Indra, CEO of Traveloka (5/19/2019).
He stated more that outbound travel ticket book increased even more than 70%. Mostly to Japan, South Korea, UK, Netherlands and France. And the rest from flight ticket purchase from Southeast Asia to Indonesia and domestic flight within the country.
The increasing flight ticket forced Indonesian government to implement price dip from 12 to 16 percent. But it wasn’t there in the first quarter of 2019, proving Traveloka’s impressive performance. Moreover, it recent dispute with AirAsia erased the Malaysian flight from its platform.
Traveloka land transportation goal, apart from flight
Apart from flight tickets, the company also offers in-land transportation such as train, bus, minibus, etc. This is along with improvements on Indonesian infrastructure and quality of land transportation. And Traveloka is expecting a 1200% increase of land transportation revenue.
Last month, the company held a private equity round, raising $450 M. The number is the biggest fund raised after 5 rounds since its founding in 2012. Started in Indonesia, now the company had expanded to other countries. Including Malaysia, Thailand, Philippines, Vietnam, Singapore, and Australia.
As the one of the first unicorns in the country, Traveloka is reported to go public on Indonesia’s BEI. However, the company said otherwise. It had no plan on going public anytime soon.
Traveloka PR Director, Sufintri Rahayu stated that the company is focusing on platform development. She also said that it still has many homeworks to work on, including discovery platform. And even if it go IPO, it does not have intention to do it inside the country.