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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.

2. TravelBook.ph

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.

TravelBook.ph

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
(5) Employees 560
(6) Main business Magazines, websites, outdoor advertising

Recruit Group's Global Operations

Business Content

Brand

Operating Area

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
Staffmark
Advantage Resourcing North America/UK/Australia
Online HR 51job (capital/business tie-up) China
Indeed, Inc. North America/UK/Ireland
Sales Travel Jalan China/Korea/US
PegiPegi Indonesia
Mytour.vn Vietnam
TravelBook.ph Philippines
Housing Taofang Corporation China
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