Company: OWLS
Filing Date: 2025-09-19
Form Type: F-1/A
Source: 0001193125-25-208098
Chunk: 131

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-19
Form: F-1/A
Chunk 131
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transaction handling fees and/or percentage-based transaction fees (e.g., for foreign
exchange conversion and conversion between stablecoin and fiat currency). Our payment services helped process US$218.6 million in GPV (as defined below) in 2024 and registered over 3,900 Active Accounts (as defined below) as of December 31,
2024. Substantially all of the GPV in 2023 and 2024 came from our payment gateway services enabled by our acquisition of PayNow in May 2023.

Hospitality services, including software services and platform services. Our hospitality-related software services are through
OwlNest, a PMS for hoteliers, and our hospitality-related platform services are through OwlJourney and OwlTing Experiences, which are OTA platforms for hoteliers and local tour guides, and OwlStay, our self-branded
offline platform service providing accommodation to travelers. We are primarily focused on growing our hospitality services through the expansion of OwlNest, as we seek to acquire more subscribers to OwlNestin the international
markets and strengthen our SaaS subscription-based revenue sources.

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Success of our OwlNest business depends on our ability to attract hospitality providers to use our software services, for which we charge periodic subscription fees or commissions on
transactions. The number of OwlNest Subscribers (as defined below), which tracks the hospitality providers using OwlNest, reached more than 2,500, as of December 31, 2024, increasing from over 2,300 as of December 31, 2023.
OwlNest recorded an Annual Recurring Revenue (as defined below) of US$965,630 from its PMS subscriptions as of December 31, 2024, a 25% increase from that as of December 31, 2023, and achieved a Dollar-Based Net Retention Rate (as defined
below) of 108% as of December 31, 2024. Additionally, for clients using the OwlNest platform as their booking engine, we also provide the optional add-on room fee collection services to help process room fees payments to our clients. We also
generate revenues from our OTA platforms for hoteliers (OwlJourney) and local tour guides (OwlTing Experiences) and our room accommodation to travelers (OwlStay). The average room occupancy rate for OwlStay was 83%
and 81% for the years ended December 31, 2023 and 202