HWH International Inc. provided an update on its Hapi Travel joint venture on December 18, 2024, in which HWH holds a 19% interest. The joint venture, established in April 2024, has shown significant early performance.
The joint venture and its predecessors collectively generated revenue exceeding US$18 million during the first three quarters of 2024. This indicates strong market traction in the travel sector.
Hapi Travel Group has established HapiTravel Holding Pte. Ltd. in Singapore to serve as a holding company for its China operations. It has also successfully launched its educational tour business in Hong Kong through a subsidiary, with plans for further expansion into Singapore and Malaysia.
These initiatives aim to capitalize on growing travel demand between China and the ASEAN region. For investors, the reported revenue and expansion plans highlight the substantial potential and early success of HWH's diversification into the travel market.
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