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At this year’s Tech in Asia conference, Traveloka president Henry Hendrawan revealed that the Indonesian travel company is set to break even soon. It was a welcome breath of fresh air after the deluge of bad news we got at the start of the Covid-19 crisis.
To be sure, getting to this point wasn’t an easy task for Traveloka. It had to let go of around 100 earlier in April amid the pandemic. It also had to clear up roughly 1 million flight ticket refund requests worth a total of almost US$100 million.
Just yesterday, Grab also said that its revenue is nearly back to its pre-pandemic numbers. This comes after the company shared that it was planning for “a potentially long winter” ahead.
Are these signs that Southeast Asia is rallying back from Covid-19? Who’ll announce their recovery next?
— Miguel Cordon, Tech in Asia news writer
1️. Traveloka is nearly profitable despite Covid-19
The development comes as its transaction numbers show signs of recovery: nearly 100% of pre-Covid-19 levels in Vietnam and about 70% to 75% in Indonesia.
2️. How Swiggy blitzscaled to 500 cities in under 2 years
It swiftly achieved this growth through the use of technology and crowdsourcing.
3️. Will Singtel’s new CEO bring more of the same?
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