Travolution Co., Ltd., which operates the global travel B2B platform Bank of Trip, announced that it was selected as one of the '2025 Asia Pacific High-Growth Companies'. Travolution ranked 144th out of 500 companies and 7th in the Hospitality & Travel category.
The 'Asia Pacific 500 High-Growth Companies' selected by the Financial Times of the UK and global research firm Statista targets the fastest-growing companies in 13 countries in the Asia Pacific region, and selects the top 500 companies by evaluating the companies' innovation and market influence based on sales growth rates over the past three years.
This selection was based on sales growth rates from 2020 to 2023, and among the 500 companies, Singaporean companies were the most with a total of 108, followed by Korean and Japanese companies with 91 each. Of the 500 companies, IT and software-related companies account for 27%, and eight hospitality and travel-related companies were named, including Singaporean travel solution company GlobalTix, Taiwan's EVA Air, and Korea's T'way Air.
Travolution supplies various domestic inbound travel products to global OTAs and online commerce through the global travel B2B platform Bank of Trip, and provides solutions for expanding D2C (Direct to Customer) sales channels for foreign customers for domestic performance, theme park, experiential tourism, and travel agencies tourism businesses through Orderect, the only direct booking solution in Korea that is linked to Google Things to Do.
“In the inbound tourism sector where global competition is fierce, we are focusing all of our company’s capabilities on connecting domestic tour operators and foreign travelers based on IT technology,” said Bae In-ho, CEO of Travolution. “This selection as one of the Asia Pacific 500 High-Growth Companies is all the more meaningful because it is based on corporate growth data from 2020 to 2023, and it demonstrates the fruits of efforts for corporate recovery and growth following the COVID-19 pandemic.”
Meanwhile, Travolution was recognized for its tourism service export performance last year through its inbound travel product B2B channel manager service, ‘Bank of Trip’, and won the $7 million export tower award.
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