Online food delivery service provider Robinhood has vowed to double its investment budget to 300 million baht this year as it expands its reach into online travel agent (OTA) services.
The platform still maintains no gross profit (GP) or commission fees collected from the operators, which is aimed at supporting 30,000 small and medium-sized hoteliers across the country.
The move is expected to heap pressure on various foreign apps to reduce GP fees collected from local operators.
“By early next year, the company will launch a new version of Robinhood app to support small and medium-size enterprises [SMEs] in the hospitality business with the new feature of OTA,” Thana Thienachariya, board chairman at Purple Ventures, the…
