Targeting Triple Growth, Travelio Expands Partnership

One of the platforms proptech who are quite successful in diversifying during the pandemic are Travelio. Established in 2015, the service provided is a property management platform to manage various apartments fully furnished standardized which is rented online.

Early Q4 2020, Travelio officially expands its business to apartment rentals unfurnished and houses with medium to long term rental rates. This expansion is the result of collaboration with a number of well-known property developers in Indonesia such as Intiland, Ciputra Group, Trans Property, PP Property, Meikarta, and Adhi Commuter Properti.

"Travelio is trusted because track record the good one. We have 5 years of experience in managing property, especially apartments. This business also did not exist before. Currently, we are innovating to process and provide unfurnished apartments and houses,” said Travelio Co-Founder CEO Hendry Rusli.

Pandemic and Travelio business

Previously, since the beginning of the pandemic last year, Travelio has also introduced Travelio Mart. Sites containing vegetable, fruit, meat, and other products required by users; take advantage of the growing demand for purchases Grocery in a manner online. This strategic step was taken by Travelio to outsmart the decline in their business at the beginning of the pandemic.

Travelio noted that in the Q2 2020 range, business declined sharply, especially in the daily apartment rental segment. Many apartment managers also cover daily rents to minimize the mobilization of residents. However, Travelio took the initiative to encourage booking long term (monthly and annually). Travelio also enforces unit cleaning using disinfectants to ensure guest safety.

Until now, Travelio has three main products, including Ready to Rent (RTR), Travelio Property Management (TPM) and Realty. Overall, Travelio has owned more than 8000 properties for rent. For TPM alone almost 4300 properties. They also claim that there are more than two million users who have downloaded the application, while more than 100 thousand people are already customers.

This year Travelio has a business growth target of three times. The efforts they have made include maximizing existing products and planning to launch an apartment buying and selling service in the third quarter of this year.

"We hope to be marketing leader. This can support Travelio's grand vision to become the largest technology-based company in Southeast Asia that provides integrated property management and rental," said Hendry.