Indonesian travel site Tripvisto bites the dust - TravelMole


Indonesian travel site Tripvisto bites the dust

Sunday, 03 Nov, 2017 0

Indonesian travel booking site Tripvisto has hit major turbulence and ceased trading.

CEO Bernardus Sumartok told Tech in Asia ‘worsening unit economics’ have proved insurmountable, while a former employee quoted said the business had been struggling since May 2017.

"Management tried to improve the situation by entering partnerships with media and telcos to help promote tour packages, but that strategy also failed," it reported.

Tripvisto had financial backing to the tune of $1 million from VC firm Gobi partners in 2015

Tripvisto offered tour packages in a once crowded market which has seen several players fall victim to intense competition.

 The traditional online tour package market is also under threat from Indonesia’s well-funded OTA players like Traveloka, Tiket.com and PegiPegi.

Market leader Traveloka bagged $500 million earlier this year from investors including Expedia.



 

profileimage

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



Most Read

Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail

Sophia Hyder Hock on Global Social Inclusion in Tourism

Sustainable Tourism: Don Welsh on Community Values and Global Collaboration

Jane Cunningham: Enhancing European Engagement in Tourism

Kristin Dunne: Navigating Destination Strategy

Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM

Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life

Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms

Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand

Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims

TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka

Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari