– ONDA’s 2022 H1 GMV reached $81mil, already doubling its 2021 GMV
– Successfully diversifying income sources from accommodations, resorts, and residences
– ONDA owns South Korea’s largest lodge and journey lodging distribution community.
SEOUL, South Korea, Sept. 13, 2022 /PRNewswire/ — ONDA, South Korea’s Hospitality Tech firm, studies breakthrough development for first half H1 2022. ONDA manages South Korea’s largest lodge and journey lodging community with over 42 on-line bookings channel companions.
ONDA’s GMV(Gross Merchandise Value) elevated by 100% YoY to $81 million in H1 2022. The quantity already exceeds final yr’s whole GMV ($76 million).
ONDA defined that its income doubled in contrast with 2021, together with a fast enhance in GMV. Both indicators level to a wholesome momentum for this hospitality tech startup.
ONDA’s development was made attainable by diversifying income sources and decreasing dependence on small and medium-sized journey lodging.
For occasion, the share of gross sales from small and medium-sized lodging equivalent to trip leases, which made up most of ONDA’s GMV in H1 2019, fell to someplace between 40% and 50% in H1 2022. During this era, ONDA was in a position to enhance its lodge and resort gross sales from lower than 10% of GMV in H1 2019 to about 30% to 35% in H1 2022. This upturn was accompanied by a lift in luxurious lodging earnings with its excessive ARPU(Average Revenue Per User), which accounted for 10% of GMV.
Another 2022 milestone for ONDA was increasing its on-line gross sales companions. The GDS (Global Distribution System), ONDA’s important income supply, is a B2B platform that distributes lodge and journey lodging to 42 home and abroad channels. It reported 107% development YoY in H1 2022.
During the identical interval, ONDA’s GMV by its world channels equivalent to Airbnb, Agoda, HotelsMixed, and Trip.com elevated by 124.87% YoY. ONDA’s D2C (Direct to Customer) business that immediately connects vacationers and lodging suppliers additionally elevated its GMV by 193% YoY.
ONDA Select, a service offering a curated collection of lodging, achieved a seven-fold enhance of GMV in H1 2022. Notably, transactions by international customers elevated by 20%, proving elevated demand for inbound journey and signaling the reopening of the Korean journey market.
ONDA additionally plans to immediately function residences and accommodations and ship substantial income this yr, after profitable trial operations in 2021.
ONDA will proceed to focus its efforts on the digital transformation of the hospitality business. It plans to extend its provide of personalized SaaS based mostly PMS (Property Management System) to premium accommodations and develop its D2C business to advertise the small and medium-sized lodging sector. In truth, ONDA’s common buyer transaction per registered room elevated by 16% YoY in H1 2022.
“Due to the increasing share of online sales in the hospitality industry, and the growing trend of digital first management, we’re experiencing an explosive surge of domestic hotels and prestigious accommodations seeking to join ONDA. Based on our customer first policy, ONDA is committed to advance our mutually beneficial business model across the hospitality industry,” stated Oh Hyun-seok, CEO of ONDA.
ONDA is a hospitality tech firm that analyzes on-line transaction information and likewise brokers gross sales of 70% of South Korea’s lodging market. It has constructed stable partnerships with world tech corporations and has been chosen as Google Hotel’s first official associate in Korea and as an Airbnb Software Preferred Partner.
ONDA is acknowledged as a frontrunner within the world lodge tech business. In 2021, ONDA was chosen by each Airbnb (turning into its “Preferred Partner”) and Google Hotels as their first official Korean companions.
Recently, it was chosen into “The Baby Unicorn Project” by the Ministry of SMEs and Startups. Also, the Financial Times ranked ONDA seventh amongst Korean tech corporations in its “Asia-Pacific High-Growth Companies 2022” and just lately, ONDA was ranked thirty fourth (first amongst Korean corporations) within the “Global PMS Vendor” record chosen by Skift, a U.S. journey analysis firm.
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