Trading at 2.5x annual profit margin with team, resource and data. Thailand trusted OTA for private villa rental and yacht charter, established in late 2019.
A travel marketplace company focuses on connecting middle to high-class independent travelers (FITs) with exclusive private vacation rentals and yacht charters. Its primary operations are centered on beach destinations in Asia, such as Thailand and Bali, offering over 500 handpicked listings. The company has transitioned from offline to online integration over the past three years, establishing itself as a trusted travel agent in Thailand. It operates as a two-sided marketplace, linking travelers with vacation rental owners through a platform that allows booking based on location, amenities, and price. The business generates revenue through commission fees charged on bookings, as well as dynamic markup models both online and offline, leveraging a network of local suppliers and agents.
Its customer base primarily consists of group international travelers seeking three or more bedroom beach vacation rentals and private experiences like yacht charters. The platform serves a variety of travelers, including families, groups of friends, corporate gatherings, and those celebrating special occasions. By partnering with hosts in Southeast Asia, the company offers diverse rental options to cater to different needs. Technology plays a crucial role, with a user-friendly website and mobile app enabling seamless search and booking experiences, as well as localized payment options like e-wallets and bank transfers for China and Thailand.
Since beginning operations in 2021, the company has gained traction in the competitive travel market, with revenue primarily derived from commission fees and dynamic markups. With an expanding partner supply, customer base, and a strong local agent network, the company is strategically positioned for continued growth and success in the Southeast Asian travel industry.
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