Is Travelio Indonesia’s Airbnb? Here's What You Need To Know | Interesting Asia

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Travelio is a startup that has been billed as Indonesia’s Airbnb. And while that is catchy marketing, there is much more to the company. In fact, short-term rentals are only one aspect of the firm’s business. The goal is to revolutionize property rentals in a country where, quite frankly, a lot of condo units sit empty for various reasons.

Founded in 2015, Travelio estimates that nearly 15,000 properties in 12 Indonesian cities are exclusively listed on its platform. Those looking for a place to stay will find daily, monthly and yearly options available.
Most recently, the proptech startup closed Series C funding and will use the proceeds to expand its rent-to-own vertical. It is an ambitious plan but one they are more than capable of accomplishing.

So, while some may have dubbed the company as Indonesia’s Airbnb, that comparison doesn’t seem apt. Here are three things you need to know about Travelio.

Read the full article: https://interestingasia.com/2023/04/3...