Society Pass Inc / NusaTrip Inc Partners With Vietnam-Based Travel Platform, VN Travel Group, To Jointly Market To Vietnamese Customers
Portfolio Pulse from Benzinga Newsdesk
Society Pass Incorporated (SoPa) (NASDAQ:SOPA), through its online travel platform NusaTrip, has announced a strategic partnership with Vietnam-based VNTravel Group. This collaboration will allow NusaTrip to offer regional and international flights and hotels to VNTravel's customers in Vietnam. VNTravel, a leading travel technology company, provides access to over 30,000 premium accommodations and partners with more than 200 global airlines. The partnership aims to capitalize on Vietnam's strong post-pandemic tourism recovery and the expected growth in digital sales. It will enable NusaTrip to expand its footprint in Southeast Asia and improve the booking experience for Vietnamese customers.
November 29, 2023 | 1:19 pm
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Society Pass Inc's partnership with VNTravel Group is expected to enhance its market presence in Southeast Asia by providing direct access to flights and hotels for Vietnamese customers. This strategic move taps into the growing tourism sector and digital sales in Vietnam, potentially increasing revenue and customer base for SoPa.
The partnership with VNTravel is likely to have a positive short-term impact on Society Pass Inc's stock price as it opens up new revenue streams and customer bases in a rapidly recovering tourism market. The strategic alignment with a leading local player in Vietnam enhances SoPa's regional competitiveness and market share, which is typically viewed favorably by investors.
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