Travel Industry News at TravelNewsAsia.com since 1997
Mon, 1 August 2022

PTT Oil and Retail to Invest in Traveloka

(02 August 2022, 17:30 +07)  PTT Oil and Retail Business (PTT) has unveiled plans to invest in Traveloka - a travel and lifestyle platform, through its subsidiary, PTTOR International Holdings (Singapore).

Jiraphon Kawswat, President and Chief Executive Officer of PTT Oil and Retail Business, said the travel sector is an area of focus for the company as tourism is one of the major economic contributors to Thailand's economy.

From left: Rajsuda Rungsiyakull, Jiraphon Kawswat and Ferry Unardi. Click to enlarge.
From left: Rajsuda Rungsiyakull, Jiraphon Kawswat and Ferry Unardi

"PTT Oil and Retail Business foresees many opportunities and possibilities that we can realize from this collaboration," said Khun Kawswat. "Not only can this partnership provide new opportunities to PTT in the travel sector, it can also provide additional venues for existing partners and business alliances to grow together and to deliver greater offerings and experiences to customers. Given Traveloka's position as a leading online platform for travel and lifestyle services in Southeast Asia, as well as its strong technology capabilities, I believe there is a range of areas PTT can explore together with Traveloka, to further enhance our tech capabilities."

Collaborations between PTT and Traveloka are expected to provide additional lifestyle solutions to PTT's customers in line its strategy to become an one-stop solution. It is in accordance with also PTT's strategy to focus on 'Outside-In Growth'.

"We see immense value from the collaboration as we see the region growing at a rapid pace, leading to greater opportunities in the industry," said Ferry Unardi, Co-Founder and CEO of Traveloka. "We are excited to work with PTT, with its expertise in creating great businesses with a customer-focused approach, to capture demand and provide enhanced solutions to our customers, while also creating new opportunities for our merchant-partners in Thailand and the region."

Editor's note: Travel News Asia asked Traveloka to expand on what PTT's planned investment entails, the amount, the stake, how it will work, when it will come into effect, how it will affect employees, senior management, decision making, etc. Traveloka responded to say they could share nothing further at the moment.

PTT also recently partnered with Marriott, signing a MOU with the global hospitality company to expand the network of EV Station PluZ to facilitate electric vehicle charging at 30 hotels and resorts across Thailand. The deal is expected to to be gradually rolled out and completed within the second quarter of 2023.

Latest videosNoise Cancelling Ear Plugs for a Perfect Night's Sleep, Running Lights - Lumefit Premium 360° Reflective Vest Review, Steven Howard Outlines Travel News Asia's Video and Podcast Plans for 2023, Amari Watergate Bangkok - 4K Video Interview with Sukamal Mondal, Area GM.

Headlines: World's Greatest Rugby Sevens Party Ready for Kick Off in Hong Kong  Travelport Upgrades Travel Agency Retailing Platform with Smartpoint Cloud  Sandy Liw Moves to Thailand as GM of InterContinental Khao Yai Resort  Munich Airport Upgrades Car Rental Process with AI Scanning Tunnel  Bonza Expands Flight Network in Australia  Air Astana Increases Flights for Summer 2023 Schedule  American Airlines Donates a Pratt & Whitney JT8D Engine to Aviation Institute of Maintenance  PwC Study Finds Eurofighter Programme Will Secure 26,000 Jobs in Spain Until 2060  IHG Signs Third Holiday Inn Hotel in Amritsar, India  Hong Kong Airport Reports Massive Surge in Passenger Numbers  Sabre Partners Plan3 to Provide Airlines with Automated Disruption Management Solution  Japan Airlines Orders 21 Boeing 737 MAX Aircraft  James Sutcliffe Appointed GM of Avani+ Khao Lak Resort in Thailand  Norse Atlantic Launches Flights Between Paris and New York, USA  Thibaut Drege Moves to Budapest as GM of Four Seasons Hotel Gresham Palace  British Airways Adds English Sparkling Wines to Business Class Experience  Minor Opens First Oaks Hotel in China  David Young Joins Accor Pacific as Chief Sustainability Officer and Director of ESG  Vietnam Airlines Resumes Flights Between Da Nang and Tokyo Narita, Japan  American Express Publishes Global Travel Trends Report for 2023  Antalya, Türkiye to Host Global Sustainable Tourism Council's Annual Conference in May  China Southern and Xiamen Air to Operate Over 630,000 Flights During S23 Schedule  Hawaiian Signs Deal with Gevo for 50 Million Gallons of Sustainable Aviation Fuel  American Airlines Raises US$1.1+ Million for Cystic Fibrosis Foundation  Marriott Opens Tallest Hotel in Australia - The Ritz-Carlton, Melbourne  Sabre Enhances Airline and Hotel Solutions with Capillary Technologies  Marriott Signs Eight Hotels in Madinah, Saudi Arabia  Bernard Hartzenberg Moves to Cambodian Jungle as Executive Chef of Shinta Mani Wild  Bangkok and Pattaya Top Songkran 2023 Travel Searches on Airbnb  CentaraThe1 Partners Singapore Airlines' KrisFlyer  IHG Signs Three Hotels in Egypt  Finnair Buys 750 Tons of Sustainable Aviation Fuel from Neste  Marriott Opens First Tribute Portfolio Resort in Seychelles  Radisson Partners J7 Group for Two Hotels in Islamabad, Pakistan  Adrian Pulido Appointed GM of Hyatt Regency Danang  Four Seasons Promotes Shadi Suleman to Senior General Manager of Two Hotels in Qatar  Malaysia Airlines Launches EnrichMoney Visa Prepaid Card and App  TFE Hotels Expands Adina Brand to Geneva, Switzerland  More Flights to Asia; LH's A380 Returns; and New Airline for Munich Airport This Summer  Boeing Delivers First of Three 702MP+ Satellites to Viasat  IHG Signs Kimpton Hotel in AWC's Mega Mixed-Use Aquatique Project in Pattaya, Thailand  Minor Opens First Tivoli Hotel in Netherlands  Hong Kong Airport to Implement Carbon Management Platform from SITA  Accor Appoints Kerry Healy as CCO of Premium, Midscale & Economy Brands  Stunning St. Regis Resort Opens in Kanai, Mexico  IHG Signs 13 and Opens Two Holiday Inn Express Hotels in Europe  Hahn Air Appoints Arsenio (Zen) Cabanilla Jr. as RVP Agency Distribution  Air Canada to Launch Flights Between Montreal and Amsterdam, Netherlands  Wyndham Signs First Cruise Ship Resort in Asia Pacific  Virgin Australia Implements Sabre's Revenue Optimizer and Dynamic Availability Solutions  Australia's First Le Méridien Hotel Opens in Melbourne  Preecha Yarangwong Joins Holiday Inn & Suites Siracha Laemchabang as GM  Thai Airways Extends Validity of Expiring Royal Orchid Plus Miles  Marriott Signs Three Resorts on Sindalah Island, Saudi Arabia  Employees of Delta and Korean Air Make a Difference in Calauan, Philippines  Boeing Forecasts Increased Growth for Aircraft Finance in 2023  Two Saudi Arabia-Based Airlines Sign Deals for Up To 121 Boeing 787 Dreamliners  Qantas Frequent Flyers Can Now Use Points on All China Airlines Flights  Cebu Pacific to Launch Direct Flights Between Clark and Seoul, South Korea  Yotel Signs First Pad Outside America  Jetstar Asia to Change Terminal at Changi Airport on 22 March  Lauren Hobart and Grant Reid Appointed Independent Directors of Marriott  William Haandrikman Appointed MD of Two Accor Hotels in Singapore  Norwegian Air Ambulance Orders Two More Airbus H145 EMS Helicopters  Parkroyal Langkawi Resort Becomes Pan Pacific's 5th Hotel in Malaysia  Sabre Ancillary IQ to Help GOL Airlines Expand Revenue Streams  Hong Kong Airlines Now Operating Flights to Beijing's PEK and PKX Airports  Paul Stocker Joins Minor Hotels as Vice President of Operations for Southeast Asia  Idemia Launches Two New Biometric Solutions  Finnair Reaches Agreement with Cabin Crew  Lufthansa Partners SITA to Digitally Automate Baggage Re-Flight Operations  Elbit Systems Partners Nippon Aircraft Supply and Itochu Aviation  Westin Returns to Manila, Philippines  Thailand's Onyx Hospitality Outlines Regional Expansion Plans  Accor Opens 29th Hotel in Singapore  Vietnam Airlines Increases Flights to India; Mulls Mumbai Service  Hong Kong Airlines to Launch Flights to Fukuoka, Japan; Resume Bali and Shanghai  China Airlines to Launch Direct Flights Between Taipei and Prague, Czech Republic  ATR Appoints Bernard Marquez as Head of Quality  SunExpress to Expand Network with 26 New Routes  Mandarin Oriental to Open Stunning Luxury Resort in Costa Navarino, Greece  Global Air Traffic Increased by 67% in January 2023  Bangladeshi Airline Air Astra Signs Distribution Agreement with Sabre  Accor Signs Fairmont Hotel in Cape Town, South Africa  U-Tapao Airport Near Pattaya, Thailand Signs MOU with HKIA Consultancy  Norwegian Cruise Line Publishes 2024/25 Itineraries  Hi Fly Expands Fleet with an Airbus A330-200  Elbit Systems to Showcase Products at DSEI Japan 2023  Mandarin Oriental Singapore Closes for Major Renovation  IATA Reports Decline in Global Air Cargo Demand  Qatar Airways to Resume Flights to Phnom Penh and 10 Other Destinations  Hong Kong's Greater Bay Airlines Orders 15 Boeing 737-9 Aircraft  Finnair Becomes First European Airline to Distribute NDC Content Through Sabre  Thai Airways Confirms Summer Flight Schedule  Scandinavian Airlines Appoints Jason Mahoney as COO  THC Takes Delivery of First ACH160  Sixth Ritz-Carlton Hotel in Japan to Open in June  Radisson Signs Thailand's First Red Hotel  Noise Cancelling Ear Plugs for a Perfect Night's Sleep  Steven Howard Outlines Travel News Asia's Video and Podcast Plans for 2023  Amari Watergate Bangkok - 4K Video Interview with Sukamal Mondal, Area GM  Business Travel Trends in Asia Pacific - Video Interview with Brett Thorstad, Sabre  Pictures from Miss International Queen 2022 in Pattaya, Thailand  HD Video Interviews from Miss International Queen 2022 in Pattaya, Thailand  Is Siam Seaplane Ready for Take Off? Interview with Dennis Keller, Chief Business Officer  HD Videos and Interviews  Podcasts from HD Video Interviews  RSS Feed - Travel Industry News  Ticker - Travel Industry News  Travel Industry News Archives  Travel Trade Shows  High-Res Picture Galleries  Travel News Asia - Latest Travel Industry News 

Subscribe to our Travel Industry News RSS Feed Travel Industry News RSS Feed from TravelNewsAsia.com. To do that in Outlook, right-click the RSS Feeds folder, select Add a New RSS Feed, enter the URL of our RSS Feed which is: https://www.travelnewsasia.com/travelnews.xml and click Add. The feed can also be used to add the headlines to your website or channel via a customisable applet. Have questions? Please read our Travel News FAQ. Thank you.

     
Advertising
Advertising
Copyright © 1997-2023 TravelNewsAsia.com