Monday, 7 May 2012


TOKYO, May 07, 2012 (BUSINESS WIRE) -- RECRUIT CO., LTD. (headquarters:Chiyoda-ku)(headquarters:Tokyo)(president and ceo:Masumi Minegishi) has licensed system technologies to PT. Go Online Destinations (headquarters:Jakarta)(headquarters:Republic of Indonesia)(ceo:Davy Makimian), an operator of hotel booking websites inIndonesia, launching the grand opening of 'PegiPegi' ( http://www.pegipegi.com ), a domestic hotel booking website withinIndonesia.
Further, through its subsidiary, Recruit Global Incubation Partners Co., Ltd., RECRUIT entered an agreement to contribute capital to PT. Go Online Destinations, along with PT. Alternative Media Group (headquarters:Jakarta)(headquarters:Republic of Indonesia)(ceo:Davy Makimian)(ceo:hereafter "AMG") and PT. ALTAVINDO (headquarters:Jakarta)(headquarters:Republic of Indonesia)(ceo:Kevin Yaphon Sanjoto).
1. Overview of 'PegiPegi' 'PegiPegi' is a website operated by PT. Go Online Destinations where users can make online hotel reservations within Indonesia. RECRUIT licensed system technologies to PT. Go Online Destinations and plans to contribute capital to the company through its subsidiary, Recruit Global Incubation Partners Co., Ltd. Along with future joint shareholders AMG, which operates a digital signage business in Indonesia and PT. ALTAVINDO, which provides payment settlement services, RECRUIT aims to establish the largest hotel booking website in Indonesia, leveraging its strengths in attracting customers, systems and sales.
2. Background behind the launch of 'PegiPegi,' and the investment in PT. Go Online Destinations Indonesia has the fourth largest population in the world (240 million people), boasts the highest GDP of the ASEAN countries, and continues to show stable economic growth every year of the magnitude of around 6% even today. Moreover, with the expected rise in the number of Internet users in the future and expansion of the domestic travel market, RECRUIT has a high degree of know-how in the online travel reservation business, and is committed to launching this venture after seeing its high potential for growth.                                   
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