- Indonesian travel tech giant Traveloka repays $300M loan ahead of schedule.
- Early repayment signals confidence in post-pandemic travel rebound.
- 2022 saw 75% revenue jump to $225.9M, trimmed losses to $98.2M.
Taking off for smoother skies
Indonesian travel tech giant Traveloka has cleared its $300 million private credit loan, repaying lenders like BlackRock and Allianz Global Investors.
The early repayment, initially due in 2026, signals Traveloka’s confidence in the post-pandemic travel resurgence.
As travel bounced back, Traveloka shut down pandemic-era pivots like logistics and food delivery to refocus on its core offerings. Silent layoffs followed the COO’s departure, part of reprioritizing travel verticals.
Soaring revenues, trimmed losses
The strategy paid off in 2022 with a 75% revenue jump to $225.9 million. Losses improved to $98.2 million, down from $138.2 million in 2021, as the sector took off again.
Rather than tapping the full $300 million loan, Traveloka opted to repay the $250 million drawn using its own cash reserves, underscoring its financial flexibility amid tailwinds.
To read the original article: https://www.techinasia.com/traveloka-repays-300m-loan-recovering-travel-sector
