Daily Markup

Daily Markup #576: RedDoorz banks on domestic tourism, expanding its hotel network by 2,000 inns in SE Asia

August 29, 2022 · 2 min read
Credit: RedDoorz

A mission to unearth local gems

  • If you’ve started making travel plans for the holidays, you may realize that air ticket prices are sky-high at the moment. Why not explore more of your home country?
  • That’s exactly what 500-backed hospitality company RedDoorz is doing — focusing on domestic travelers.
  • Amid rising energy prices, inflation and uncertainties brought on by geopolitical factors, leading to increased airfares, the company believes this will spur more domestic travel. By leveraging big data to predict demand and set room rates, everyone benefits from economies of scale.
  • Founder & CEO Amit Saberwal is aiming to add as many as 2,000 member inns to its 3,500-strong network across Southeast Asia by the end of 2023.
  • But it’s not just all about numbers. Hotels that want to be part of RedDoorz’s network must meet a set of standards to ensure the comfort of their guests, such as cleanliness and reliability of internet connection.
  • “Our ambition is to be the largest Southeast Asian new-age hospitality company,” Amit shared, adding that RedDoorz also has eyes on Malaysia and will continue expanding in Indonesia, the Philippines, Vietnam, and Thailand.
  • More on RedDoorz’s path to profitability and plans for IPO here.
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