ONDA Hits KRW 48.4 Billion in Q1 2024 Transactions, Predicts Rapid Growth
Reading Time: 2 minutesSouth Korean hospitality technology company ONDA reported on April 17 that its transaction volume for the first quarter of 2024 surged to KRW 48.4 billion, a 36% increase from KRW 35.6 billion in the same period last year. Similarly, revenue grew by 35%, and operational losses were reduced by 33%.
The impressive performance in the first quarter was primarily driven by the success of its room distribution services, ‘Pension Plus‘ and ‘HOTEL Plus,’ which manage the distribution of an average of 4,000 rooms daily. Notably, ‘HOTEL Plus’ recorded a growth of approximately 200% compared to the previous year. Both services enable accommodation providers to manage online sales across more than 50 channels, including domestic and international online travel agencies (OTAs), e-commerce platforms, and portals, efficiently solving the issue of double bookings with a single contract.
ONDA has been aggressively investing in the development and distribution of solutions for hotel and resort rooms since 2022. The company has begun to see the fruits of these investments since the latter half of last year and anticipates further accelerated growth.
Hyun-seok Oh, CEO of ONDA, commented, “The profitability improvement during the first quarter, which is typically a slow season for the travel industry, holds great significance. We aim to reach the break-even point this summer and simultaneously demonstrate enhanced profitability and growth.”
- 야놀자, 1분기 매출 1,947억원-영업익 149억원 ‘흑자 전환’
- 두나무, 2024년 1분기 영업이익 3356억원.. “비트코인 ETF 승인에 투자심리 회복”
- 비즈니스온, 올 1분기 매출 154억원-영업익 61억원 ‘역대 최대’
- 쏘카, 1분기 영업손실 108억원…전년동기비 적자 폭 확대
- 그리티, 1분기 매출 407억원-영업익 21.5억원…전년비 6.6%-45.7% 증가
- 뷰노, 1분기 매출 55억원…전년 동기비 212% 증가
- 더존비즈온, 1분기 매출 944억원-전년비 16% 증가…영업익 181억원
- 카카오, 1분기 매출 1조9,884억원· 전년비 22% 증가…영업익 1,203억원 92%↑
- NAVER’s Q1 2024: Strong Revenue Growth and Strategic Focus
- 카카오페이, 1분기 매출 1,763억원-전년비 25%↑당기순이익 2억원 ‘흑자전환’