Recruit Holdings partners with the Philippines' largest publisher and web media company to launch a hotel reservation website
Mar. 18, 2013
Recruit Holdings Co.,Ltd.
Recruit Holdings Co.,Ltd. (Headquarters: Chiyoda-ku, Tokyo; President and CEO: Masumi Minegishi) has partnered with Summit Media Informatix Holdings (Headquarters: Metro Manila, Philippines; Representative: President Lisa Gokongwei-Cheng) to establish TravelBook Philippines, Inc., which launched a hotel booking site TravelBook.ph today. The investment was made through Recruit's investment subsidiary, Recruit Global Incubation Partners Co.,Ltd., Summit Media Informatix Holdings is the Philippines' largest publisher and web media company.
1. TravelBook Philippines, Inc.
The Philippines is ASEAN's second most populous nation, with 95 million people. The average age is just 27, and annual GDP growth is around 5. Internet penetration is also continuing to rise in this promising market. With domestic travel demand projected to grow, online hotel booking business is also expected to expand, and this drove the decision to establish TravelBook Philippines.
TravelBook.ph is a domestic hotel booking website operated by TravelBook Philippines, Inc.. Through Recruit Global Incubation Partners Co.,Ltd., its investment subsidiary, Recruit joined with Summit Media Informatix Holdings to capitalize TravelBook.ph. TravelBook Philippines, Inc., the Philippines' largest publisher and web media company, and Recruit, which operates booking websites in a number of countries, will seek to make TravelBook.ph the country's largest hotel booking website and generate synergy in system operation and generating bookings as well as in business operation terms.
3. TravelBook Philippines, Inc. Profile
|(1)||Name||TravelBook Philippines, Inc.|
|(2)||Representative||Christina Chua, CEO|
|(3)||Main business||Online hotel reservations|
|(4)||Shareholders||Summit Media Informatix Holdings
Recruit Global Incubation Partners Co.,Ltd.
4. Summit Media Informatix Holdings Profile
|(1)||Name||Summit Media Informatix Holdings|
|(2)||Representative||Lisa Gokongwei-Cheng, President|
|(3)||Headquarters||Metro Manila, Philippines|
|(4)||Established||April 21, 1995|
|(6)||Main business||Magazines, websites, outdoor advertising|
Recruit Group's Global Operations
|Human Resources||Selection||RGF HR Agent||China/Hong Kong/Singapore/India/Vietnam|
|RGF Executive Search||Hong Kong/Singapore/India/Vietnam|
|Bó Lè (capital/business tie-up)||China/Hong Kong/Taiwan/Indonesia/Philippines/Thailand/Malaysia/Vietnam|
|Staff Placement||CSI||North America|
|Advantage Resourcing||North America/UK/Australia|
|Online HR||51job (capital/business tie-up)||China|
|Indeed, Inc.||North America/UK/Ireland|
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