Company: NUTR
Filing Date: 2025-03-25
Form Type: CORRESP
Source: 0001641172-25-000449
Chunk: 16

Company: NUSATRIP Inc
Filing Date: 2025-03-25
Form: CORRESP
Chunk 16
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financial backing to continuously re-invest in our marketing and technology platforms. After the IPO, we expect to obtain any funds needed
in excess of the amounts generated by our operating activities, and/or through the capital markets or bank financing, and not from Society
Pass.

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

| ● | Agency Model. Under the agency model, leveraging our NusaTrip.com website, NusaTrip mobile application, and VLeisure.com website, NusaTrip facilitates travel bookings and act 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 as we provide post booking services to the traveler and, thus consider the stay as when our performance obligation is satisfied; |

| ● | Merchant Model. Under the merchant model, we facilitate the booking of hotel rooms, alternative accommodations, airline seats, car rentals and destination services from our airline, hotel and travel suppliers. As such, NusaTrip acts as the merchant of record for such bookings. For example, we provide travelers access to book hotel room reservations through our contracts with lodging partners, which provide us with rates and availability information for rooms but for which we have no control over the rooms and do not bear inventory risk. Our travelers pay us for merchant hotel transactions prior to departing on their trip, generally when they book the reservation. The majority of our merchant transactions relate to lodging bookings; and |

| ● | Advertising Model. Under the advertising model, we offer travel and non-travel advertisers access to a potential source of incremental traffic and transactions through our various media and advertising offerings across several of our transaction-based websites and apps. |

| ● | Hotel technology platform software services. Under the hotel technology platform software services model, we sell software to our hotel clients, principally focusing on property management system, point of sales, booking engines & travel agencies portals, customer data platform, hotel room management, and revenue management. |

| 4 |

Marketing and Brand Positioning

The NusaTrip overall marketing strategy focuses on
our continued ability to increase the number of airline and hotel bookings flowing