Expedia Contact informationContact Expedia
Traveloka and Expedia deepen partnership
Traveloka Holding Limited, a major South East Asia based Traveloka Group, today reported that Expedia has acquired a $350 million stake in Traveloka and that the parties are strengthening their collaboration in the worldwide hospitality industry. "Reisoka is the clear on-line guide to Indonesia and is aggressive in its expansion throughout South East Asia.
We believe our relationship will leverage the combined strengths and skills of both parties and speed our joint growth," said Dara Khosrowshahi, President and Chief Executive Officer, Expedia, Inc. "We' re very pleased to further strengthen our Asian footprint, learning from the Traveloka talent and providing a wider range of opportunities for Traveloka and Expedia travellers around the world.
" "Our alliance with the world's premier global web tour operator will allow us to continue to concentrate on our continuous expansion in the web based tourism industry to achieve our objective of offering travellers the best possible opportunities and the best possible bookings," said Ferry Unardi, co-founder and Chief Executive Officer of Traveloka. "This extended relationship gives Traveloka travellers an unparalleled and varied range of accommodation internationally and we look forward to working with Expedia to extend our service in Asia and beyond.
" Expedia will invoice this capital expenditure on a pro rata temporis fee base. Forward Looking Statement. Included in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, together with forward-looking statement regarding the anticipated advantages of the Expedia/Traveloka Undertakings. The forward-looking statement is part of the forward-looking statement and is not guarantees of future performance. These forward-looking statements involve estimates made by Expedia and Traveloka managers as of the date of this report and are naturally uncertain, involve risk and involve changes in conditions that are not foreseeable.
For a number of factors, factual results, as well as the time and results of any event, could differ significantly from the results contained in the forward-looking statement, which includes, among others, the capacity of the Company and the Company to successfully execute the terms of the arrangement or to fulfill projections and other projections, and other risk described in the Company's SEC public records, which include the most recent annual report of Expedia, Inc. on Forms 10-K and the quarterly report on Forms 10-Q.
Expedia and Traveloka assume no liability to publicly release any forward-looking statement, whether as a consequence of new information, forward-looking developments or otherwise. Who is Expedia, Inc. Expedia, Inc. and NASDAQ: Exp is the world's biggest global provider of branded tours, including some of the world's top branded tour operators:
To read our latest business and sector reports and insights, please go to www.expediainc. com or join us on Twitter@expediainc. Travelleroka is a major Southeast Asian web tour operator offering a broad spectrum of tourism needs on one single website. It maintains alliances with more than 100 national and multinational carriers and serves more than 200,000 destinations worldwid.
With 24/7 support from our regional sales force in their mother tongue, we offer more than 40 different methods of paying customers in Indonesia, Thailand, Vietnam, Malaysia, Singapore and the Philippines. In addition, the portable applications have been download more than 20 million copies, making it the most widely used online traveller's bookings solution in the area.
More information about the enterprise can be found at press.traveloka.com.