Panorama Destination buys up Singapore company to advance regional expansion

Singapore key to Panorama's plans to become regional operator

Panorama Destination, Indonesia, the inbound company of Panorama Leisure Group, has fully acquired Anemone Blue Investment to become Panorama Destination, Singapore.

The acquisition was aimed at making the Singapore office a hub for regional expansion, according to Renato Domini, CEO of Panorama Destination, Indonesia.

Singapore key to Panorama’s plans to become regional operator

“Singapore is the hub of South-east Asia and one of the countries that accounts for a large number of foreign tourists coming to Indonesia. The acquisition is a strategic step for us, allowing us to become a regional tour operator,” explained Domini.

He added: “By the end of 2016, the total number of visitors to Indonesia was 12 million people, which remains far behind Singapore (16.4 million visitors) and Thailand (32.5 million).”

Based on a conditional sales purchase agreement, this acquisition represents a total transaction of US$25,000.

Through Panorama Destination, Singapore, the company is preparing to open an operational office in Thailand to further expand and strengthen the company’s position in the region’s inbound market.

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