Klook Travel Technology Ltd.
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A Klook Travel Technology Ltd. is a travel technology company that provides a platform for booking travel experiences and services worldwide.
- Context:
- It can offer services such as Tourist Attractions, Tourist Tours, and Tourist Activities Bookings.
- It can provide Local Transportation Options including private airport transfers, car rentals, and rail passes.
- It can provide Travel Services to offer travel packages, including tickets and exclusive hospitality services.
- It can support travelers with additional services such as Wi-Fi and SIM card rentals.
- It can integrate with other platforms, such as Grab in Asia, to extend its service offerings and improve user convenience.
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- Example(s):
- In 2014, founded by Ethan Lin, Eric Gnock Fah, and Bernie Xiong in Hong Kong, marking its entry into the travel technology space.
- In 2016, it raised $30 million in a Series B funding round, led by Sequoia Capital, expanding its platform and operations across Asia.
- In 2018, it secured $200 million in Series D funding, making it one of the largest travel technology companies in the world, valued at over $1 billion.
- In 2019, Klook partnered with major companies such as Disneyland and Universal Studios, broadening its offerings of tickets and exclusive experiences for theme parks.
- In 2020, amid the COVID-19 pandemic, it pivoted its focus to local experiences, offering staycations and domestic travel options to adapt to the changing travel landscape.
- In 2021, it introduced a new service for booking "travel-related insurance," further diversifying its product range in response to post-pandemic travel needs.
- In 2022, it expanded into the European market and enhanced its digital offerings with a mobile-first approach, focusing on seamless user experiences for both local and international travel.
- In 2023, ot launched its “Live Moments” feature, allowing travelers to book real-time, interactive virtual experiences, demonstrating its continued innovation in the travel industry.
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- Counter-Example(s):
- GetYourGuide focuses on providing curated travel experiences and tours globally, similar to Klook, but it offers a wider range of sightseeing and excursions and is based in Berlin.
- Viator, part of TripAdvisor, is a travel platform specializing in tours, activities, and attractions. While similar in offerings, Viator has a larger inventory and a longer history in the market.
- Headout provides last-minute travel bookings and experiences with a strong focus on real-time availability. It is more tailored towards spontaneous travelers looking for on-the-go solutions.
- Booking.com, which primarily focuses on accommodations.
- See: Travel Technology, Online Travel Agency, Experience Booking Platforms.
References
2024
- https://www.linkedin.com/company/klook/about/
- Klook is Asia's leading travel and experiences platform. We curate the most joyful experiences so that users can satisfy their relentless curiosity for adventure and experiences at home and around the world. With our website and app, users can experience a world of joy, from attractions, tours to local transportation and stays. Founded in 2014, we are here to inspire and enable more moments of joy through over half a million activities in over 2,700 destinations.
- Website: http://www.klook.com
- Industry: Travel Arrangements
- Company size: 1,574 associated members
- Founded: 2014
- Specialties: ecommerce, travel tech, local experiences, technology, experiences, marketing, business development, and software engineering