{"id":71852,"date":"2022-07-29T04:32:41","date_gmt":"2022-07-28T21:32:41","guid":{"rendered":"http:\/\/www.thestorythailand.com\/?p=71852"},"modified":"2022-07-29T04:32:44","modified_gmt":"2022-07-28T21:32:44","slug":"or-to-invest-in-traveloka-and-expand-its-business-into-travel-sector","status":"publish","type":"post","link":"https:\/\/www.thestorythailand.com\/en\/or-to-invest-in-traveloka-and-expand-its-business-into-travel-sector\/","title":{"rendered":"OR to invest in Traveloka, and expand its business into travel sector"},"content":{"rendered":"\n<p>PTT Oil and Retail Business Public Company Limited\u00a0(\u201cOR<em>\u201d)\u00a0<\/em>will<em>\u00a0<\/em>invest<em>\u00a0<\/em>in\u00a0Traveloka, Southeast Asia<em>\u2019<\/em>s lifestyle superapp and a leading online platform for travel and local services<em>\u00a0<\/em>in Southeast Asia, through its subsidiary, PTTOR International Holdings\u00a0(Singapore)\u00a0Pte.\u00a0Ltd. (\u201cSGHoldCo\u201d)<em>.\u00a0<\/em>This is a major step for OR to expand into the travel sector and strive to become a one<em>&#8211;<\/em>stop solution for all lifestyles<em>.<\/em><\/p>\n\n\n\n<p>Jiraphon Kawswat, President and Chief Executive Officer of OR\u00a0hosted\u00a0a signing ceremony of the Collaboration Agreement\u00a0between OR\u00a0and Traveloka on July 26, 2022,\u00a0where\u00a0Ferry Unardi,\u00a0Co-Founder\u00a0and\u00a0CEO of Traveloka\u00a0was also present.<\/p>\n\n\n\n<p><strong>According to Kawswat<\/strong>, the travel sector is an area of focus for OR as tourism is one of the major economic contributors to the Thai economy.\u00a0The tourism sector employs a large portion\u00a0of the Thai population and many Thai SMEs are also reliant on this segment.\u00a0The travel sector in Thailand and Southeast Asia has\u00a0enjoyed high growth rates\u00a0prior to the COVID-19 pandemic and is expected to rebound quickly following the easing of travel restrictions and\u00a0the recovery in travel demand.\u00a0<\/p>\n\n\n\n<p>Collaborations between OR and Traveloka will provide additional lifestyle solutions to OR customers in line with OR\u2019s strategy to become a one-stop solution for all lifestyles.\u00a0This collaboration will also provide growth opportunities to both OR and Traveloka in domestic and international markets in accordance with OR\u2019s strategy\u00a0to focus on Outside-In Growth, as both OR and Traveloka seek new investment opportunities together with partners to provide more solutions to address customers\u2019\u00a0needs.\u00a0<\/p>\n\n\n\n<p>\u201cOR foresees many opportunities and possibilities that we can realize from this collaboration.\u00a0Not only can this partnership provide new opportunities to OR\u00a0in the travel sector, it can also provide additional venues for OR\u2019s existing partners and business alliances to grow together with OR\u00a0and to deliver greater offerings and experiences to OR customers.\u00a0<\/p>\n\n\n\n<p>Given Traveloka\u2019s position as a leading online platform for travel and local services in Southeast Asia and its strong technology capabilities,\u00a0I believe there is a range of areas\u00a0OR\u00a0can explore together with Traveloka\u00a0to further enhance our\u00a0tech capabilities\u201d, said Kawswat.<\/p>\n\n\n\n<p>This collaboration is also a positive step in furthering Traveloka\u2019s mission of fulfilling the aspirations of its users and allowing its merchant-partners to thrive. <\/p>\n\n\n\n<p>\u201cWe see immense value from the collaboration as we see the region growing at a rapid pace, leading to greater opportunities in the industry.\u00a0We are excited to work with OR, with its expertise in creating great businesses with a customer-focused approach, to capture the demand and provide enhanced solutions to our customers, while also creating new opportunities for our merchant-partners in Thailand and the region\u201d, Unardi says.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PTT Oil and Retail Business Public Company Limited (\u201cOR\u201d) will invest in Traveloka, Southeast Asia\u2019s lifestyle superapp and a leading online platform for travel and local services in Southeast Asia<\/p>\n","protected":false},"author":8,"featured_media":71853,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[117],"tags":[11821,12319],"class_list":["post-71852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-en","tag-or-2","tag-traveloka-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>OR to invest in Traveloka, and expand its business into travel sector<\/title>\n<meta name=\"description\" content=\"PTT Oil and Retail Business Public Company Limited (\u201cOR\u201d) will invest in 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