Expedia to Invest $350 Million in Indonesia Booking Site Traveloka
Skift Take
Expedia's minority investment in Traveloka, a household name among travel players in Indonesia, makes sense. The company has struggled to gain share in Southeast Asia and a partnership can fill the gap.
Expedia Inc. has invested a $350 million minority investment as part of a yet-to-be-announced fund-raising for Indonesian online travel agency Traveloka.
The companies will "cooperate on hotel supply" and share expertise.
The news was first reported by The Information and confirmed in a public statement by Expedia hours later.
