ONDA Sets up Joint Venture in UAE to Speed up Expansion into the Middle East
January 1, 2025 | BUSINESS WIREEstimated reading time: 1 minute
ONDA, a South Korean AI and big data-driven hospitality technology company, has announced its plan to establish a joint venture with a UAE-based Seed Group. Leveraging Seed Group’s extensive regional networks, ONDA is accelerating its efforts to make a foray into the Middle East. ONDA also plans to complete the SaaS localization testing of its proprietary technology by the first half of 2025. The tech company has entered the local marketplace, picking up speed to bolster its regional presence through a diversified marketing strategy.
ONDA is the nation’s leading hospitality technology and data company that facilitates the distribution of approximately 60-70% of products in the domestic online booking market. It has developed strong partnerships with global tech giants, becoming the first Airbnb and Trip.com Excellent Partner in Korea and being recognized as a 2024 Booking.com Advanced Connectivity Partner. Moreover, ONDA is the first Korean company to rank 34th on the Global PMS Vendor list by Skift, a U.S. travel research company. As such, ONDA is making a big stride to be a leading player in the global hotel technology market.
ONDA has actively participated in major industry exhibitions in the Middle East such as Expand North Star and GITEX 2024. At the events, the tech company showcased its advanced solutions to major hotel chains and presented tailored digital transformation strategies for the local market. Notably, it is solidifying its position in the region by introducing its flagship hotel digital transformation technologies, including ONDA HUB, the centerpiece of its online distribution platform business, as well as its CRS (Central Reservation System) and PMS (Property Management System).
Kevin Oh, CEO of ONDA, said, “ONDA has strengthened its local networks by participating in the seminar hosted by Dubai Chambers and created additional business opportunities through strategic partnerships,” adding, “The latest move is the fruitful result of our ceaseless efforts to enter the Middle Eastern market and represents the beginning of a new chapter.” He went on to say, “It is expected to serve as our new growth engine in the MENA (Middle East and North Africa) region’s promising hospitality market.”
Suggested Items
I-Connect007 Editor's Choice: Five Must-Reads for the Week
01/17/2025 | Nolan Johnson, I-Connect007We’re even more committed to being your best source for industry news and tips and tricks of the trade. To that end, I’m sharing my favorite news items of the week. They range from reports on quarterly earnings to Dan Feinberg’s coverage of CES and some harsh reality from marketing expert Dan Beaulieu. If you missed it on Monday, be sure to read it again here. It’s well worth your time.
See You in Vienna: Speaker Spotlight on PEDC
01/16/2025 | I-Connect007 Editorial TeamVienna, Austria, is known for its amazing architecture, art museums, and classical music scene. But from now on, Vienna might also be known for its PCB design conference. IPC and FED have partnered to create a new PCB design conference in there. The Pan-European Electronics Design Conference (PEDC) takes place Jan. 29-30, 2025 at the NH Danube City hotel in Vienna.
RIKEN Adopts Siemens' Emulation And High-Level Synthesis Platforms for Next-Generation AI Device Research
01/16/2025 | SiemensSiemens Digital Industries Software announced today that RIKEN, a national research and development agency in Japan, is enhancing its research on next-generation AI devices with Siemens' comprehensive Veloce™
Gartner Says Worldwide PC Shipments Increased 1.4% in Q4 2024 and 1.3% for the Year
01/16/2025 | Gartner, Inc.Worldwide PC shipments totaled 64.4 million units in the fourth quarter of 2024, a 1.4% increase from the fourth quarter of 2023, according to preliminary results by Gartner, Inc.
onsemi Completes Acquisition of Qorvo’s Silicon Carbide JFET Technology Portfolio
01/16/2025 | onsemionsemi announced that it has completed its acquisition of the Silicon Carbide Junction Field-Effect Transistor (SiC JFET) technology business, including the United Silicon Carbide subsidiary, from Qorvo for $115 million in cash.