Core Insights - Ixigo has achieved 200% stock gains since its IPO and maintains over 10% EBITDA margins, positioning itself as a competitor to MakeMyTrip and EaseMyTrip in the Indian travel market [1][7] - The company has developed a strong rail-focused business model, leveraging strategic acquisitions and a multi-modal approach to expand its services across trains, flights, and buses [1][5][17] Financial Performance - Ixigo reported a record revenue of INR 914.2 Cr for FY25, marking a 39% increase year-on-year, with adjusted EBITDA rising 71% to INR 94.8 Cr [2][10] - The gross transaction value (GTV) reached INR 14,972 Cr, a 65% increase, driven by a 183% surge in flight bookings [11] - In Q1 FY26, revenues soared 73% to INR 314.5 Cr, and net profit increased by 76% to INR 28.7 Cr [10][33] Market Position and Strategy - Ixigo holds a 51% market share in the online train ticketing space, benefiting from a large consumer base of over 5 million daily users [5][24] - The company has integrated its services through a flywheel strategy, enhancing customer experience and cross-selling opportunities among its various platforms [21][22] - The focus on Tier II and III cities aligns with India's growing consumer market, projected to reach $4.3 Tn by 2030 [3][24] Competitive Landscape - Ixigo's disciplined approach to profitability and AI-driven personalization has allowed it to outperform competitors like EaseMyTrip, which reported a revenue decline in FY25 [7][33] - Despite challenges in scaling its flight booking segment, Ixigo has shown stronger growth momentum compared to its peers [30][29] - The competitive environment includes established players like MakeMyTrip and Yatra, which have significant market presence and diversified offerings [7][32] Future Outlook - The company is raising INR 1,296 Cr from Prosus to further fuel its growth, indicating robust financial health and potential for expansion [17] - Ixigo's focus on AI and technology-driven solutions aims to enhance user experience and operational efficiency, positioning it well for future challenges [16][18]

Company Overview - NusaTrip Inc is a leading integrated travel technology platform based in Southeast Asia and Asia Pacific, established in 2015 and headquartered in Jakarta, Indonesia [6] - The company offers a marketing platform with over 500 airlines and 650,000 hotels worldwide, and is the first Indonesian-based online travel agent to receive International Air Transport Association (IATA) accreditation [6] Event Details - NusaTrip will present at the 19th annual LD Micro Main Event on October 20th, 2025, at 9:30 AM PT in San Diego, California [1][3] - The LD Micro Main Event XIX will take place from October 19th to 21st, featuring around 120 companies presenting in half-hour increments and private meetings with investors [4][5] Market Position and Growth - Since its IPO in August 2025, the capital markets have reacted positively to NusaTrip's leading position in the Southeast Asian travel sector, with robust year-on-year growth in inbound travel [3]

Core Insights - An online travel portal has launched its Diwali sale named 'Travel Utsav Sale' from October 7 to October 14, offering discounts on various travel services [1] Discounts and Offers - The Travel Utsav Sale includes attractive offers on flights, hotels, buses, cab bookings, and holiday packages [1] - Customers can access these offers using the promo code 'EMTUTSAV' on the EaseMyTrip mobile app or website [2] - Special festive discounts are available for bookings made with specific credit cards including BOBCARD, RBL Bank, Yes Bank, AU Small Finance Bank, Punjab National Bank, IDBI Bank, and Axis Bank Credit Card EMI [3] Partnerships - The sale features partnerships with several airlines such as Air Astana, Air Canada, Air France, Air India Express, Air India, Akasa Air, British Airways, American Airlines, Cathay Pacific, SWISS, UA Airlines, and Virgin Atlantic [4] - Hotels offering discounted rates include Sterling, Starlit, WelcomHeritage, Pride, Club Mahindra, Byke, Justa, Fern, Ginger, Vits, Sayaji, AM Kollection, Cygnett, Amritara, Neemrana, Bloom, Zone by The Park, Spree, One Earth, Suba Group, Lords, The Clarks, Royal Orchid, OTHPL, Clarks Collection, Le Roi, Renest, Treehouse, Citrus Prime, Brij, OYO, ITC, Shrigo, FAB & Hosteller [5] Company Philosophy - The Chief Strategy Officer of EaseMyTrip emphasized the importance of travel in creating cherished memories during festivals [6]

Core Insights - Ctrip released the "2025 Inbound and Outbound Tourism Trend Guide" in Incheon, South Korea, indicating a 125% year-on-year increase in the number of Korean tourists booking trips to China in the first half of 2025 [1] Group 1: Tourism Trends - The top five destinations for Korean tourists in China are Shanghai, Beijing, Qingdao, Guangzhou, and Chengdu [1] - Ctrip's recommendation list for Korean tourists includes various themes based on order volume and user feedback, such as "Must-Visit Night Tours," "Family-Friendly Hotels," and a new "Hometown Flavor Restaurants" list [1] Group 2: Night Tour Recommendations - The night scenery list features 30 attractions, including the Bund in Shanghai and Hongya Cave in Chongqing, with multi-language reservation and sharing capabilities [1] Group 3: Verification System - The recommendation list employs a three-tier verification system involving feedback from Ctrip's black diamond users, initial review by the business team, and secondary validation by industry experts [1] - The platform claims that the list can generate an additional 10% in order revenue for merchants, with plans to invite global verification experts to provide over a thousand on-site tips across 31 provinces in China over the next year [1]

郑州市市场监管局依法对携程旅行网 $TCOM 运营主体进行行政约谈。经调查核实，该平台违反《中华人民共和国电子商务法》第三十五条及《网络反不正当竞争暂行规定》第二十四条的规定，存在利用服务协议、交易规则和技术手段对平台内经营者的交易及交易价格进行不合理限制的问题。郑州市市场监管局已于2025年9月4日依法向其下达《责令改正通知书》。本次约谈旨在督促企业全面整改、规范运营，切实维护公平竞争市场秩序，保障平台内经营者合法权益。 ...

Summary of Key Points from the Conference Call Industry Overview - **Industry**: China Online Travel Agencies (OTAs) and Internet Services - **Key Players**: Trip.com Group Ltd (TCOM), Tongcheng Travel Holdings (0780.HK), Tencent Music Entertainment Group (TME) Core Insights and Arguments - **Positive Policy Support**: The Ministry of Commerce and other government entities have released new policy guidelines aimed at boosting services consumption in China, which is expected to benefit OTA players like TCOM and Tongcheng [1][2] - **Upcoming Events**: The National Day and Mid-Autumn Festival are anticipated to drive stock performance for TCOM and Tongcheng, with TCOM having significant exposure to inbound travel [1] - **TME's Strategy**: TME is exploring offline event opportunities and leveraging the fans-based economy, which aligns positively with the new policies [1] Policy Measures Highlighted 1. Expansion of visa-free entry to China and facilitation of accommodation, payment, and telecom services for foreign travelers [5] 2. Introduction of Spring/Autumn holidays for students to encourage travel [5] 3. Promotion of popular foreign sports events and domestic cultural events to stimulate travel [5] 4. Extension of operating hours for high-quality museums and attractions, along with an optimized reservation system [5] Valuation and Risk Analysis - **Tongcheng Travel Holdings**: - WACC of 11.5%, slightly higher than TCOM due to its smaller size, with a terminal growth rate of 3% [6] - **Trip.com Group Ltd**: - Base case DCF with a WACC of 10.5% and terminal growth of 3% [7] - **TME**: - Probability-weighted approach for risk assessment [8] Risks Identified - **Upside Risks**: - Strong pent-up demand and moderating competition in lower-tier cities could lead to margin improvements [9] - **Downside Risks**: - Softer macroeconomic growth in China may impact price-sensitive users, alongside intensifying competition in lower-tier cities [9] Financial Projections - **Trip.com Group Ltd**: - Base case price target of US$22.7 per share, bull case of US$34.0, and bear case of US$16.3 [10] - **TME**: - Potential for stronger-than-expected growth in music subscribers and social entertainment revenue [10] Additional Considerations - **Market Dynamics**: The report indicates a rebound in macroeconomic growth and recovery in outbound travel, which could positively impact the sector [10] - **Regulatory Environment**: The report highlights the importance of regulatory approvals, particularly for TME's acquisition strategies [10] This summary encapsulates the key points from the conference call, focusing on the industry dynamics, company strategies, and financial outlooks while identifying potential risks and opportunities.

Core Insights - Financial giants are showing a bearish sentiment towards Airbnb, with 53% of traders exhibiting bearish tendencies compared to 26% bullish [1] - The trading volume and open interest indicate a focus on a price range between $75.0 and $220.0 for Airbnb over the past three months [2] - Recent options activity shows significant bearish trades, with notable put and call options being executed [9] Trading Activity - A total of 26 unusual trades were identified, with 11 puts valued at $437,905 and 15 calls valued at $731,019 [1] - The analysis of volume and open interest provides insights into liquidity and interest levels for Airbnb's options, particularly within the $75.0 to $220.0 strike price range [3] Company Overview - Airbnb, founded in 2008, is the largest online alternative accommodation travel agency, with over 8 million active listings as of December 31, 2024 [10] - Revenue distribution in 2024 shows 45% from North America, 37% from Europe, the Middle East, and Africa, 9% from Latin America, and 9% from Asia-Pacific [10] Market Position - An industry analyst has set an average target price of $104.0 for Airbnb, maintaining a Sell rating [11][12] - The current trading volume for Airbnb is 5,492,707, with the stock price at $122.92, reflecting a 0.3% increase [14]

Core Viewpoint - NusaTrip Inc has reported significant financial growth in 2Q 2025, indicating a strong recovery and expansion in its operations within the Southeast Asia and Asia-Pacific travel markets [2][4]. Financial Performance - 2Q 2025 revenues increased by 472% year on year, rising from $173,500 in 2Q 2024 to $993,041 in 2Q 2025 [2]. - Quarter on quarter, revenues grew by 251%, from $283,157 in 1Q 2025 to $993,041 in 2Q 2025 [2]. - The operating profit for 2Q 2025 reached $408,701, a turnaround from a loss of $436,611 in 2Q 2024 [2]. Capitalization and Growth Strategy - As of June 30, 2025, NusaTrip had $6.9 million in cash, positioning the company well for the completion of its new travel technology platform in 4Q 2025 and potential acquisitions in the SEA and APAC regions [3]. - The company has opened new offices in Beijing and Hong Kong during the second quarter of 2025, further expanding its operational footprint [3]. Strategic Focus - NusaTrip aims to continue its acquisition strategy, focusing on integrating offline travel agencies to enhance growth. The company has successfully acquired VLeisure and VIT in Vietnam and is looking to acquire additional travel agencies in various countries including China, Hong Kong, and the Philippines [5]. - The company is the first IATA-accredited online travel agent in Indonesia, providing access to a wide range of airline fares and inventories, which enhances its competitive position in the market [6].

Company Overview - NusaTrip Incorporated is a travel ecosystem specializing in Southeast Asia and Asia-Pacific, established in 2015 and headquartered in Jakarta, Indonesia [6] - The company focuses on acquisitions of offline travel agencies as a key growth strategy, having completed acquisitions of VLeisure and VIT in Vietnam [6] - NusaTrip aims to facilitate both inbound and outbound travel, connecting travelers from around the world to Southeast Asia and vice versa [6] Initial Public Offering (IPO) Details - NusaTrip announced the pricing of its IPO, offering 3,750,000 shares of Common Stock at $4.00 per share, totaling $15.0 million in gross proceeds [1][2] - The underwriter has a 45-day option to purchase an additional 562,500 shares to cover over-allotments, which is 15% of the shares sold in the offering [2] - The shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol "NUTR" on August 15, 2025, with the offering expected to close around August 18, 2025 [2] Management Statements - CEO Raynauld Liang expressed excitement about launching NusaTrip as a public company, highlighting the IPO as validation of their business model [4] - CEO Tjin Patrick Soetanto indicated that the IPO funds will be used to further establish and expand their unique business model, which focuses on sourcing the cheapest fares and rates for customers [4] Legal and Regulatory Information - A registration statement on Form S-1 was filed with the U.S. SEC on March 21, 2025, and was declared effective on August 8, 2025 [4] - The offering is being made only by means of a prospectus that forms part of the effective registration statement [4]

As filed with the Securities and Exchange Commission on July 29, 2025. Registration No. 333-288212 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 NEXTTRIP, INC. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation) Nevada 4724 27-1865814 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification No.) 3900 Paseo del Sol Sant ...