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Travelio's Innovative Approach Reshapes Indonesian Property Market: Insights from SHIMIZU Premium Interview

Christina Suriadjaja and Akiyama Kohei discuss Travelio's transformative effect on property leasing and their strategic visions for overcoming economic challenges.

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Emmanuel Abara Benson
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Travelio's Innovative Approach Reshapes Indonesian Property Market: Insights from SHIMIZU Premium Interview

Travelio's Innovative Approach Reshapes Indonesian Property Market: Insights from SHIMIZU Premium Interview

In an enlightening exchange during the fourth edition of the SHIMIZU Premium Interview, Christina Suriadjaja, Co-Founder of Travelio, and Akiyama Kohei, Chief Representative of Shimizu Corporation Jakarta Office, delve into the transformative impact of Travelio on the Indonesian property market, the shared entrepreneurial spirit driving both companies, and their strategic visions for future growth amidst economic challenges.

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Disrupting Traditional Property Leasing

Travelio has revolutionized the Indonesian property market by offering flexible leasing options, including varied stay durations, room types, and payment plans, all manageable online. This model not only caters to the dynamic needs of Indonesian millennials but also addresses the low occupancy issue plaguing the industry by ensuring over 65% occupancy rates for apartments under Travelio's management.

This shift towards an asset-light, commission-based approach offers a stark contrast to the conventional requirement of long-term commitments and upfront payments, marking a significant departure from traditional property leasing practices.

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Entrepreneurial Spirit and Adaptability

Christina Suriadjaja shares insights into her entrepreneurial journey, emphasizing adaptability, discipline, and the courage to embrace failure as key elements of her success. Similarly, Akiyama Kohei reflects on Shimizu Corporation's 220-year legacy, underpinned by its founder's venture spirit. Both leaders highlight the importance of nurturing an innovative and entrepreneurial culture within their organizations, acknowledging the challenges posed by the current economic landscape and the strategic measures being implemented to ensure sustainability and profitability.

Future Plans and Strategic Alliances

Looking ahead, Travelio aims to expand its ancillary services and explore potential mergers and acquisitions to bolster its core offerings. Suriadjaja outlines the company's focus on efficiency and profitability, which has led to positive financial outcomes in recent months. Meanwhile, Shimizu Corporation is embracing digital transformation and innovation beyond construction through its new facility, NOVARE, aiming to foster a resilient and sustainable society. As both companies commemorate significant milestones, they express a mutual desire to learn from each other's business models, reinforcing their commitment to continuous improvement and innovation for the benefit of the Indonesian people and economy.

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