Company: NUTR
Filing Date: 2025-03-25
Form Type: CORRESP
Source: 0001641172-25-000449
Chunk: 14

Company: NUSATRIP Inc
Filing Date: 2025-03-25
Form: CORRESP
Chunk 14
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 elements. Anticipated regional growth rates are set to surpass the estimated global
averages, with a projected increase to over 4.6% in 2024 and 4.7% in 2025.

See ASEAN Briefing (2024). Australia Commits New Investments to Strengthen Ties with Southeast Asia.

See Worldometer (2024). South-Eastern Asia Population.

See Google, Temasek and Bain & Company (2024). e-Conomy SEA 2024.

See International Monetary Fund World Economic Outlook (October - 2024).

See ASEAN (2024). ASEAN Matters: Epicentrum Of Growth.

| 2 |

A large and growing population is expected to lead
to greater spending on lifestyle, education and housing, while demand will increase for health and aged care services. SEA continues to
enjoy robust population growth. The United Nations Population Division estimates that the population of the SEA countries in 2000 was
approximately 527 million people growing to 695 million in 2024.This population growth is driving rising levels
of urbanization. Mirroring the demographic trends in China more than three decades ago, SEA is undergoing rapid urbanization with urban
population percentage increasing from 31.7% in 1990 to 52.2% in 2024 according to NASA/ADS. And it is projected to grow to 62.1% of the
total population by 2040.

OTA Business Model in SEA

The current OTA business model in SEA typically involves
acting as intermediaries between travelers and various travel service providers such as airlines and hotels. OTAs offer a one-stop platform
where travelers can search, compare, and book flights, hotels, car rentals, and other travel-related services. These platforms earn revenue
through commissions, service fees, and advertising partnerships. OTAs negotiate agreements with airlines, hotels, and other travel suppliers
to access their inventory and offer competitive prices to customers. Additionally, some OTAs in SEA have expanded their services to include
holiday packages, tours, and activities to provide a comprehensive travel experience. OTAs leverage technology, digital marketing, and
customer data to attract users, enhance user experience, and drive bookings. They often invest in and partners with third party mobile
apps and user-friendly interfaces, especially payment apps, to cater to the growing mobile-savvy population in the region. Furthermore,
OTAs in SEA may also partner with banks, restaurants, malls, stores, car rental companies, airlines, hotels