Society Pass Inc's Travel Subsidiary, NusaTrip Inc, Acquires IATA-licensed Vietnam International Travel And Service JSC; Acquisition Adds ~$2M In GMV To NusaTrip Revenue Base
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Society Pass Inc's (NASDAQ:SOPA) travel subsidiary, NusaTrip Inc, has acquired Vietnam International Travel and Service JSC, adding approximately $2M in GMV to NusaTrip's revenue base. This acquisition is part of NusaTrip's business plan to acquire other IATA-licensed travel agencies throughout Asia Pacific in 2023. The Vietnam travel market is projected to reach $3.0 billion in 2023 and $4.2 billion by 2027.
July 20, 2023 | 12:34 pm
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Society Pass Inc's acquisition of Vietnam International Travel and Service JSC through its subsidiary, NusaTrip, is expected to add $2M in GMV to its revenue base. This is part of the company's expansion strategy in the Asia Pacific region.
The acquisition of Vietnam International Travel and Service JSC by Society Pass Inc's subsidiary, NusaTrip, is a strategic move to expand its presence in the Asia Pacific region. This acquisition is expected to add approximately $2M in GMV to NusaTrip's revenue base, which could positively impact Society Pass Inc's overall revenue. The Vietnam travel market is also projected to grow significantly in the coming years, which could further boost the company's revenue.
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