Etraveli continues global expansion – growing the business to 40 markets on 4 continents
2015-06-09
After the successful launches in Europe, establishing business in 25 markets Etraveli is now launching its services in 15 new markets on 3 new continents. The new expansion is part of the company’s global approach and strategy and is being implemented through the established brand Gotogate.
Etraveli AB is the leading Nordic online travel agent (OTA), with a broad air centric offering that also covers accommodation and other travel-related services. Since 2000 the company has gradually expanded, from Sweden to Scandinavia, throughout Europe and in May 2014, the company launched its offering in 18 new markets reaching a total of 25 European countries, an expansion strategy which has been highly successful.
- Based on our positive experience from the expansion in Europe we are now entering many of the most interesting markets in world, in line with our global expansion plan. Thanks to a competitive and scalable technological platform, a competitive corporate structure and a solid knowledge in selling travel-related services online, we see excellent opportunities for even more geographic growth ahead, comments Mathias Hedlund, CEO of Etraveli.
Throughout June Etraveli will open up business in 15 new markets, building up the total numbers to 40 markets on 4 continents. The new markets are Hong Kong, Singapore, New Zeeland, Australia, Japan, South Korea, Indonesia, Vietnam, Thailand, Malaysia, the Philippines, South Africa, United Arab of Emirates, Israel and Saudi Arabia. Etraveli will implement the company’s established brand Gotogate. The technical platform and support functions will be shared and managed between Etraveli’s new Customer Care center in India and the Group’s existing joint corporate functions in Sweden, with scope to accommodate sustained growth and geographic expansion of the Etraveli offering.
Etraveli is one of the top 5 providers of air tickets online in Europe today. The launch in 15 new markets is another step in the company’s ongoing global expansion process with the aim to continue the expansion into additional countries.
For more information, please contact:
Mathias Hedlund, CEO of Etraveli, Phone: +46 (0) 706 66 37 58,
e-mail: mathias.hedlund@etraveli.com
Claes Tellman Chief Communications Officer of Etraveli, Phone: +46 (0) 703 99 62 81
e-mail: claes.tellman@etraveli.com
ABOUT ETRAVELI
Etraveli (publ) is one of the leading e-commerce groups for online travel in Europe with a wide range of airline tickets, hotel accommodation and other travel related services. The company operates in 40 countries on 4 continents through brands such as Gotogate, Supersaver and Travelstart, adding meta-search services in several markets,,incl. the leading meta search service in Sweden; flygresor.se. In 2014 Etraveli intermediated air tickets and related services to an amount exceeding SEK 8 billion, with revenue of SEK 640 million. The company is headquartered in Uppsala, Sweden and is owned by the private equity fund Segulah IV, L.P. and senior management.
To learn more about Etraveli visit http//:www.etraveli.com
