Klook logs 300% quarterly revenue uptick as travel returns

Singapore-based Klook said it has seen accelerated cross-border growth in Asia Pacific’s travel sector, allowing it to log a 300% revenue uptick quarter on quarter over the last four months

Klook co-founders / Photo credit: Klook

According to the startup, it has also seen an increase in searches on its travel and experience platform by 140% year on year as Covid-19 cases in the region slow.

This has led to Klook quadrupling its bookable services, with Singapore, Korea, Australia, and Malaysia seeing notable recovery. The company also said that it has exceeded its pre-Covid-19 cross-border revenue by 40% for its best-performing markets.

After Japan announced it was reopening its doors to tourists, the travel firm said it saw a 10x increase in searches for activities in the country, and travelers from Taiwan, Hong Kong, and Singapore were behind this rise in demand.

“After more than two years of the pandemic, many travelers are excited to travel again,” said Eric Gnock Fah, co-founder and COO of Klook. Moving forward, Klook will be doubling down on new experiences, marquee events, and enhancements to its platform, the exec said.

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Another traveltech firm seeing strong recovery in the region is Traveloka, which has recently been expanding its services to extend its reach.

The Indonesian firm most recently launched Traveloka Send, its own on-demand logistics service. However, the company has shut down its e-grocery service after just six months of operations.