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Cloud based 360 Hotels Sales Platform DJUBO on Tuesday announced its entering into the South Asian hotel tech market after announcing its partnerships with Traveloka and Pegi Pegi.
The company said that it has grown 12x in revenues in just 18 months of their launch in India. It has 2000+ clients and is already the single largest hotel tech company with hotel clients across 180+ cities in India and is now eyeing global expansion.
Hotel industry has huge potential and with the technology like DJUBO gives wings to it. DJUBO is the single largest hotel tech player and has been able to grow much faster than any other hotel tech platform in India.
Adoption from hotel owners is high because of a comprehensive solution led by an awesome channel manager I.E. one single dashboard for hotels to manage sales across multiple platforms and OTAs. It has 2000+ clients and is already the single largest hotel tech company with hotel clients across 180+ cities in India and is now eyeing global expansion.
Initial pickup of the product's international appeal has been strong with clients in 19 countries including US, Europe, Africa & Asia. Today DJUBO handles annual run rate of approx.
On an average, DJUBO has demonstrated a 43 percent year-on-year increase in revenues to its client's revenues. Not only that, DJUBO has single-handedly increased the share of direct bookings happening on the hotel's own website and quick pay platforms from 0.5 percent to eight percent, which has resulted in helping also save OTA and offline agency commissions in a big way.
Indonesia, Thailand, Malaysia, Cambodia and Vietnam are extremely attractive tourist destinations now which are English speaking and also have a huge under penetration of high end hotel tech.
With their partnership with Traveloka and Pegi Pegi launched in addition to DJUBO's existing global partnerships with Google, Tripadvisor, Booking.com, Expedia etc. South Asia is going to be an extremely important marketing for them. Indonesia alone has a population of 250 MM domestic travelers with a city like Bali comprising 12000 hotels, bed and breakfasts and Homestay's.
Thailand is a country with a population of 66 MM and 33 MM annual foreign tourists. With the book made in travel and revenue sources going online South Asia presents an attractive opportunity for hotel tech companies to focus on.
"The requirement of hoteliers globally is increasing at a rapid pace socially in terms of revenue driving and revenue maximizing technology. Given that we are the market leaders in India and already managed to enter 20 countries through incoming leads, we have decided to enter other South Asian countries in a big way because of these markets having similar requirements, time zone and client profile as India," said co-founder DJUBO, Sankalp Goel.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)