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 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.