Society Pass (Nasdaq: SoPa) Marks First Foray into Indonesia by Acquiring Jakarta-based NusaTrip, Indonesia’s First International Air Transport Association-Accredited Online Travel Agency
By : Nata Kesuma | Monday, August 15 2022 - 23:20 IWST

(L – R) Galumbang Menak, CoFounder of Nusatrip and Dennis Nguyen, Founder, Chairman, and Chief Executive Officer of Society Pass
INDUSTRY.co.id - Jakarta, 15 August 2022 – Society Pass Inc (Nasdaq: SOPA), Southeast Asia’s (“SEA”) next generation digital ecosystem, announces the acquisition of NusaTrip (“NusaTrip”), a leading Jakarta-based Online Travel Agency (“OTA”) in Indonesia and across SEA.
The NusaTrip acquisition extends SoPa’s business reach into the booming SEA regional travel industry and marks SoPa’s first foray into Indonesia as well as adds to SoPa’s growing ecosystem of technology-enabled companies located in Vietnam, Indonesia, Philippines, Singapore and Thailand.
Established in 2013 as the first Indonesian OTA accredited by the International Air Transport Association, NusaTrip pioneered offering a comprehensive range of airlines and hotels to Indonesian corporate and retail customers. With its first mover advantage, NusaTrip has onboarded +1.2 million registered users, +500 airlines and +200,000 hotels around the world as well as connected with over 80 million unique visitors.
Dennis Nguyen, Society Pass Founder, Chairman and Chief Executive Officer, explains, “We happily welcome NusaTrip into our ever-expanding SoPa ecosystem. NusaTrip seamlessly blends into our user and merchant growth strategy as we enter yet another leading SEA market. We combine the robust technology and operational breadth of NusaTrip’s e-commerce travel platform with our extensive brand building experience in SEA. With this acquisition, SoPa now cross-pollinates and integrates our six verticals (loyalty, lifestyle, food & beverage, telecoms, digital media and travel) into one cohesive loyalty and e-commerce platform to provide enhanced products and services for our consumers and merchants throughout the largest countries of SEA. SoPa has grown from strength to strength in 2022 as we opportunistically acquire market leading companies and partner with visionary entrepreneurs, underlining our unique aggregator approach that reflects immediate returns in terms of increased revenue generation and cost optimisation.”
Patrick Soetanto, Society Pass Indonesia Country Manager, adds, “We will expand NusaTrip’s services to support future growth pathways in more SEA countries in the very near future by integrating more travel product lines in its mix and developing more competitive products for a much larger international and regional audience.”
Well-positioned to benefit from a high-growth travel industry, Indonesia's and SEA’s inbound and outbound travel revenues are expected to continue soaring as increasingly more consumers engage in post-pandemic travel. This marked increase in demand is driven by strong government initiatives to boost tourism, the rise of Indonesia’s burgeoning middle class and strong internet penetration, which enables more Indonesians to easily book flights and hotels through OTAs.
“NusaTrip is proud to officially partner with SoPa. By joining forces with SoPa’s extensive ecosystem and large user and merchant bases in SEA, we are thrilled about the combined marketing capabilities. With the revival of the travel market throughout SEA in 2Q/3Q 2022, NusaTrip aims to dramatically increase its customer base by offering the region’s business and leisure travellers more competitive, no-surcharge hotel and flight fares, convenient payment methods, and speedy itinerary bookings with our user-friendly platform,” comments Galumbang Menak, Co Founder, Nusatrip.
Read Also
Qatar Airways Privilege Club and Visa Launch a 10-Year Exclusive…
Marriott Bonvoy Brings Back Week Of Wonders, Inspiring Travelers…
Deputy Minister Outlines Viet Nam’s Tourism Priorities
Mekong Tourism Forum 2022: Rebuild Tourism, Rebound with Resilience…
Virtual PATA Destination Marketing Forum 2021 to be held from November…
Today's Industry

Rabu, 25 Januari 2023 - 09:30 WIB
ASLC Successfully Surpasses 2022 Used Car Sales Target via Caroline.id
PT Autopedia Sukses Lestari Tbk (ASLC), a company engaged in used vehicles auction and trading of used cars, succeeded in selling 2,481 units of used cars through used car dealers under its…

Kamis, 05 Januari 2023 - 22:29 WIB
New Economic Board, GOTO Share Moves Closer to Global Indices
The presence of the New Economic Board on the Indonesia Stock Exchange (IDX) brings many benefits to PT GoTo Gojek Tokopedia Tbk (GOTO). One of them is getting closer to the shares listing of…

Senin, 19 Desember 2022 - 23:51 WIB
ALDO Aims 2023 Sales to Increase More Than Double
PT Alkindo Naratama Tbk (“ALDO”), a listed company engaged in the integrated paper and chemical business are optimistic that the Company's performance in 2023 will improve, in line with…

Senin, 19 Desember 2022 - 22:39 WIB
Indonesian Chamber of Commerce and Industry taps AC Ventures’ ESG head to join task force
The Indonesian Chamber of Commerce and Industry (KADIN) recently tapped AC Ventures’ (ACV) Head of ESG Lauren Blasco to join its newly formed ESG task force, an elite group of stakeholders…

Senin, 19 Desember 2022 - 21:50 WIB
Emerson’s New Analytics Software Automates Utilities Monitoring and Reporting for Clean-in-Place Applications
Emerson: Today Emerson announced the release of its new Clean In Place (CIP) Utilities and Automated Reporting Analytics package delivered via PACEdge™ and Movicon™ platforms on an industrial…
News Comment