Company: NUTR
Filing Date: 2025-03-25
Form Type: CORRESP
Source: 0001641172-25-000449
Chunk: 110

Company: NUSATRIP Inc
Filing Date: 2025-03-25
Form: CORRESP
Chunk 110
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complex and ever-changing regulations and legal frameworks across different countries, which can affect its operations and expansion plans.
The OTA industry is also susceptible to external factors such as economic downturns, political instability, and natural disasters that
can disrupt travel demand and impact revenues. Meanwhile, customer expectations are constantly evolving, and OTAs must continuously enhance
their technology, user experience, and personalized offerings to meet these demands. Finally, issues related to data privacy and security
are of utmost importance, as OTAs handle sensitive customer information, and any breaches can erode customer trust. This means that OTAs
must adapt to these challenges by leveraging technology, fostering strategic partnerships, delivering exceptional customer experiences,
and staying ahead of market trends to thrive in the dynamic travel industry.

Our Business Model

To overcome the problems of a typical OTA in SEA,
NusaTrip works closely with global distribution system (“GDS”) partners, conducts market research, seeks strategic alignment
with local travel agencies that have market presence and expertise, adapts to local culture, integrates compatible technologies, continuously
upgrades technology platform to meet the challenges of data privacy leverages branding and marketing expertise, prioritizes customer-centric
approaches, fosters collaboration and synergy, and ensures compliance with regulations. By working with our GDS suppliers, we source inventory
from multiple countries, consolidators and airlines to find the cheapest fares for our corporate and retail customers. Travelers in SEA
are very price sensitive due to the large network of low-cost airlines and choices of hotels. Having the most competitive rates is the
biggest challenge faced by all OTA’s and therefore with our business model, NusaTrip can source the best rates from every part of
the world to stay competitive.

The NusaTrip revenue model is four-fold: the agency
model, the merchant model, the advertising model and hotel technology software services.

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| ● | Agency Model. Under the agency model, leveraging our NusaTrip.com website, NusaTrip mobile application, and VLeisure.com website, NusaTrip facilitates travel bookings and acts as the agent in the transaction, passing reservations booked by the traveler to the relevant travel provider. We receive commissions or ticketing fees from the travel supplier and/or traveler. We record revenue on air transactions when the traveler books the transaction, as we do not typically provide significant post booking services to the traveler and payments due to and from air carriers are typically due at the time of ticketing. Additionally, we generally record agency revenue from the hotel when the stayed night occurs