Yanolja is a
fast-growing South Korea-based travel company that has raised $2 billion and made
more than a dozen acquisitions since its founding in 2005.
The company provides a variety of services, such booking of accommodations, flights,
ground transportation, activities and restaurants, as well a B2B hospitality
solutions through its Yanolja Cloud subsidiary.
In the
company’s latest financial filing, for the third quarter of 2023, it recorded
consolidated revenue of more than $183 million dollars (KRW 238.7 million), up
34% from Q3 2022 and the company’s highest quarterly revenue to date.
In a
discussion with PhocusWire editor in chief Mitra Sorrells, Yanolja chief
investment officer Chanseok Choi discusses the company’s growth and why acquiring
and investing in other companies has been a key part of that strategy.
Choi also explained
some of the trends Yanolja is watching across the global travel industry and how
Yanolja is creating innovative solutions to address the industry’s needs.
Watch the
full discussion below.
Opportunities for hospitality to embrace digital transformation