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Society Pass Incorporated, NusaTrip Incorporated and Bookcabin Announce Strategic Partnership to Expand Distribution in Projected US$115 Billion Indonesia Travel Market
Globenewswire· 2026-01-12 12:30
Core Viewpoint - NusaTrip has formed a strategic partnership with Bookcabin to enhance travel distribution in Southeast Asia, providing regional travelers with more accommodation choices and better rates while expanding hotel partners' reach [2][3]. Group 1: Partnership Details - The partnership aims to integrate NusaTrip's extensive hotel and travel inventory onto Bookcabin's platform, creating new opportunities for hotels and travelers [2]. - This collaboration aligns with the long-term vision of building a connected travel ecosystem in Southeast Asia through technology-driven distribution [2]. Group 2: Market Potential - Indonesia's travel market is projected to reach a size of US$115 billion (or IDR 1,828 trillion) by 2034, driven by increased cross-border trips and improved air connectivity [3]. - The partnership is expected to support this growth by providing reliable and efficient distribution solutions [3]. Group 3: Company Background - Society Pass Incorporated, founded in 2018, operates in fast-growing Southeast Asian markets and focuses on e-commerce, travel, and lifestyle sectors [6]. - NusaTrip, established in 2015, is an integrated travel technology platform with over 500 airlines and 650,000 hotels on its marketing platform [8].