As the developer and service provider of the Robinhood platform, Purple Ventures Co., Ltd. Chairman of the Board, Thana Thienachariya said while announcing the company's new services, "The Robinhood concept stemmed from a desire to assist small businesses in overcoming COVID-19 disruption by providing a platform for restaurants and small eateries without charging GP fees. Over the past twenty months, we have received a great deal of favorable feedback from customers, merchants, and drivers, which has resulted in Robinhood becoming the second most popular food delivery service platform in Bangkok and nearby areas. Robinhood is committed to its mission of creating a social enterprise model with the objective of assisting small business owners, who are a vital economic force. In addition to the food delivery business, we will be expanding into the tourism industry, which is the key driver of the country's economy now that economic recovery has begun and tourism has started to revive."
"During April, the hotel room booking rate in Thailand returned to 75% compared to pre-COVID-19 levels, indicating that Thais are once again eager to travel. Today, we are pleased to announce the soft launch of "Robinhood Travel," a new service that will be Robinhood's second flagship business, allowing Thais to conveniently book travel and accommodations in Thailand. The new service will connect more than 2.8 million of Robinhood's existing food delivery customers with travel business operators without requiring them to download a new application. Robinhood user's demographic with significant potential and purchasing power. With an all-in-one "Dining and Travel" concept, each Robinhood Travel booking entitles the user to a discount code for free delivery of up to 20 orders within a distance of 30 kilometers. We aim to play a role in helping the Thai tourism industry recover and move forward once more," added Thana.
Srihanath Lamsam, Chief Executive Officer at Robinhood developer and operator Purple Ventures Co., Ltd. noted, "We have been working over the past six months to launch "Robinhood Travel," and the platform currently has listings for three to five-star hotels in more than 16,000 locations throughout the country. In this first phase, we are only offering booking service for accommodations, but in our next phase we will expand to offer reservations for tours and leisure activities, car rental, and flight booking services as we aspire to become an all-inclusive travel service. In welcoming users to the new Robinhood Travel accommodation booking service, we have prepared a special 50% discount promotion for pool villa booking from leading participating hotels between 10 - 31 May 2022, while offers last."
"With the strength of Robinhood's food delivery customer base, a group with relatively high purchasing power, we are confident that the first year of Robinhood Travel will see more than 30,000 operators in the hotel and tourism industry and more than 200,000 active customers using the platform, resulting in more than 300,000 trips generated. These activities will help save entrepreneurs' commission expenses by more than 200 million baht and circulate more than one billion baht throughout the economy," added Srihanath.
"For the next phase of Robinhood's business plan, we anticipate being able to launch a Mart Service for grocery orders in July 2022, and in the third and fourth quarters of this year we will be able to launch express delivery service and ride-hailing services in order to become a "Thai Super App" that can compete and grow in the region," Srihanath concluded.
Source: Purple Ventures
