In accordance with a deal signed with NusaTrip, Indonesia's first IATA-certified online travel agency (OTA), LuxUrban Hotels Inc. (Nasdaq: LUXH) (or "the Company"), which uses a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities, will be the preferred hotel partner for NusaTrip users travelling to the United States from Southea.
The preferred partnership, which is anticipated to go live by the end of the 2023 first quarter, will include bundled hotel/air travel offers with more than a dozen airlines, including China Airlines, Korean Air, Philippines Airlines, and British Airways, preferential ad placement for LuxUrban properties, and reduced commissions.
“Southeast Asia has more than 660 million people, making it the world’s third-largest collective consumer base,” said Brian Ferdinand, Chairman and CEO of LuxUrban Hotels. “With health restrictions eased and demand for travel on the rise, we believe that this partnership with NusaTrip will allow us to tap a growing demographic of international traveler with the potential to generate higher RevPAR due to increased demand. We look forward to welcoming these guests to LuxUrban’s growing portfolio of hotels located in destination cities across the United States.”
NusaTrip was the first Indonesian online travel agency (OTA) to be accredited by the International Air Transport Association (IATA) and was founded in 2013. It was the first to offer a wide selection of airlines and hotels to corporate and retail customers in Indonesia. With its first mover advantage, NusaTrip has linked with more than 80 million unique visitors while also onboarding +1.2 million registered users, +500 airlines, and +200,000 hotels worldwide.
By utilising cutting-edge technology and offering a 24/7 customer-focused support team-as-a-service, NusaTrip supports both local and international clients and partners.
“As our business continues to evolve and mature, we see a significant opportunity to pursue additional such relationships that elevate our brand, broaden our access to international guests, and drive growth,” Mr. Ferdinand concluded.