Travel tech company Yanolja Co Ltd has reported robust financial results for 2024, with total transaction volume (TTV) surging 186% year on year to USD$18.3 billion.
Further, the Korean company’s consolidated operating revenue rose 22% to USD$625.6 million.
Yanolja Chairman and CEO, Sujin Lee, said of the results: “We concluded the year with record-breaking financial performance across both our Enterprise Solutions and Consumer Platform, engaging with more travel enterprises and travellers than ever before.
“Particularly, our Enterprise Solutions reported an impressive 62% year-over-year increase in revenue, highlighting the substantial scale and growth potential of this segment globally.
“I am incredibly proud of Yanolja and our teams for their relentless dedication and innovative spirit in driving our customers’ success.
“As we advance our mission to revolutionize the travel industry, our recent strategic partnerships with Google Cloud and Amazon Web Services in addition to our collaboration with OpenAI mark a significant step forward as these collaborations will drive the development of a next-generation, AI-powered data enablement platform, further solidifying Yanolja’s position as a global travel technology leader.”
Yanolja Cloud CEO, Jeff Kim, added: “Our Enterprise Solutions have reached significant size and scale, now serving over 1.3 million travel businesses and more than 21,000 sales channels globally.
“We established our position as a leading global travel technology with our unique data and AI technologies and are accelerating the shift toward fully automated, personalized and AI-powered end-to-end travel services.
“As we continue to advance our capabilities and expand our global footprint, we remain focused on driving sustainable growth and profitability.”
Following the completed integration of the company’s consumer channels at the end of 2024 under NOL Universe, Bo-chan Bae, CEO of NOL Universe remarked: “NOL Universe dreams of a complete ecosystem that connects all moments of daily life beyond travel, accommodation, and entertainment. To do this, we will revolutionise the way we consume leisure, providing a more intuitive and immersive experience for our travellers.”
