Tiket.com Expects to Double Transactions After Acqui​sition

Seeking to shadow rival Traveloka​, with Djarum backing​

JAKARTA (TheInsiderStories) – Online travel agent tiket.com sets a target of nearly doubling its transaction volume this year, after having been acquired by GDP Venture, the venture capital arm of Djarum Group, the Chief Executive Officer and Co-founder of tiket.com said on Thursday (24/8).

Djarum Group acquired Ticket.com in June through Blibli.com, an online marketplace arm of the diversified conglomerate.

Gaery Undarsa, tiket.com’s CEO and Co-founder, told reporters in a press conference today that its online ticket transactions this year are set to increase by nearly 80 percent, to seven million, from 3.7 million last year.

The online travel agent held a media gathering on Thursday to celebrate its six years of establishment.

Gaery said the company has already grabbed around 5-7 percent market share in domestic flight bookings.

Indonesia saw 90 million domestic flight tickets being sold last year, he said.

“This is a significant number for an online travel business. We aim for sustainable growth,” he said, adding that now that the company is backed by Djarum group, it plans to improve its technology as well as stressing business development.

Gaery said while tiket.com is still way behind Traveloka, its main rival, now that the company has “new ammunition” it will work to shadow its competitor’s business.

Data by Communications and Information Ministry

Indonesia has seen its E-commerce business growing rapidly in the past few years.

According to data from the Central Bureau of Statistics (BPS), the country is home to about 26.2 million of E-commerce players and within the next 10 years the number is predicted to increase by 17 percent.

With the number of internet users predicted to keep growing, thanks to higher penetration of smartphones into the population, industry players expect that e-commerce sector will become one of the industries that will enjoy the sweetest opportunity as it sees its market growing.

According to the latest research findings initiated by Google and Temasek released in Jakarta in August last year, the digital economy in six countries – Indonesia, Malaysia, Singapore, Thailand, Vietnam and the Philippines – is estimated to hit $200 billion by 2025.

Indonesia is expected to enjoy nearly half of the slice of the pie, accounting for $81 billion, fuelled by the growing middle class population, higher internet penetration to the entire population as well as growing economies in the Tier 2 and Tier 3 cities in the country.

Of this $81 billion worth of digital economy, 57 percent or $46 billion, expected to come from eCommerce business. The joint Google-Temasek report predicted that, the number of internet users in Indonesia to explode to 215 million by 2020, making it the fourth-largest globally from 92 million last year.

Shopping online through smart-phones has been a more common activity in Indonesia, which has encouraged e-commerce players and online shopping providers to to bring mobile platforms to ease customers experience.(CS)