Traveloka to break even in 2021 if sector recovers to 50% of pre-COVID levels by year-end

Southeast Asia’s largest online travel app Traveloka is poised to break even and potentially become profitable in 2021 if the travel industry in its covered markets across Southeast Asia could recover to about 50 per cent of pre-COVID levels by the end of this year.

Traveloka, one of Indonesia’s five unicorns valued at over $1 billion, has seen its revenue regain about 80-90 per cent of the pre-pandemic number in Vietnam; approximately 50 per cent in Thailand; and 10-15 per cent in Indonesia, said Willson Cuaca, co-founder and managing partner of East Ventures, during a webinar session at ASEAN New Economy Conference 2020 on Thursday.

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