Surpassed KRW 300 billion in transaction volume in 2023, accelerating Middle East expansion through joint venture with Seed Group
ONDA Named Asia-Pacific High-Growth Company for Third Consecutive Year
- Recognition validates sustained growth trajectory and business performance
- Rapid expansion driven by hotel operating solutions
- Surpassed KRW 300 billion in 2023 transaction volume, accelerating Middle East expansion through joint venture with Seed Group
(Press Release=2024/03/15/Fri) Hospitality tech company ONDA has been named an Asia-Pacific high-growth company for the third consecutive year, underscoring its strong momentum and continued success.
ONDA (CEO Oh Hyun-seok) announced on the 15th that it has been selected for the Financial Times' "High-Growth Companies Asia-Pacific" list for three years running.
The Financial Times and global research firm Statista conduct an annual study of companies across 13 Asia-Pacific countries, evaluating ▲revenue growth rate ▲compound annual growth rate ▲business model and other factors to identify the top 500 fastest-growing companies.
ONDA has earned this recognition three years in a row—2022, 2023, and now 2024—thanks to its advanced hotel operating solutions and rapid growth. Among the 500 companies named to the 2024 Asia-Pacific high-growth list, only 13 Korean companies have been selected for three consecutive years.
ONDA is a global hospitality tech company transforming online sales and operations for hotels and accommodations worldwide. The company distributes over 700,000 properties across more than 50 online channels and surpassed KRW 300 billion in transaction volume in 2023. ONDA also provides SaaS-based operating solutions to over 4,500 accommodations, leading the digital transformation of the global hospitality industry.
In February, ONDA announced a joint venture with UAE-based Seed Group to drive hotel digital transformation across the Middle East and North Africa, laying the groundwork for full-scale global expansion.
"We're honored to be recognized for three consecutive years for ONDA's sustained growth and business results," said CEO Oh Hyun-seok. "As demand for digital transformation grows among hotels worldwide, we're committed to delivering concrete outcomes in global markets."
ONDA is a hospitality tech and data company covering approximately 60–70% of Korea's online room transaction market. The company has built strong partnerships with global tech giants, including becoming Airbnb's first Premier Partner in Korea and Google Hotel's first domestic partner.
ONDA is also the first Korean company to be named a "Global PMS Vendor" by U.S. travel research firm Skift, ranking 34th globally, and is emerging as a leader in the global hotel tech market. Last year, ONDA was selected for Korea's Ministry of SMEs and Startups' Baby Unicorn Plus program and has been named to the Financial Times' Asia-Pacific High-Growth Companies list for three consecutive years: 2022–2024. <end>
