{"id":3908,"date":"2023-02-15T09:59:07","date_gmt":"2023-02-15T01:59:07","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=3908"},"modified":"2023-02-15T09:59:08","modified_gmt":"2023-02-15T01:59:08","slug":"daily-markup-682-reddoorz-bounces-back-post-pandemic-breaks-even-in-indonesia-the-philippines-eyes-new-markets-expansion","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=3908","title":{"rendered":"Daily Markup #682: RedDoorz bounces back post-pandemic: breaks even in Indonesia &amp; the Philippines; eyes new markets &amp; expansion"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/6bB5KJkZsquSO1LQPRIZfVGP-vVfM9v74ieAHBu2saaraGkjnTRg_aj8apGEVaj1o0k3elHF2ePgPEzsY6S6bnA9lXOWv5SJEzbhlhW5b6NlwNVL-LByOUp9JNFM8ZxrDvSCqMzH8_B6hk8imPbQpmE\" alt=\"\" \/><figcaption class=\"wp-element-caption\">Credit: RedDoorz<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>No longer in the red<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Tourism is making a strong comeback post-pandemic, and so is 500-backed <a href=\"https:\/\/www.reddoorz.com\/\">RedDoorz<\/a>! The team revealed that they <a href=\"https:\/\/bit.ly\/3IjwOAy\">broke even in their key markets<\/a> \u2014 Indonesia and the Philippines \u2014 in Q4 of 2022 with both markets contributing 95% of the company\u2019s total revenue.<\/li>\n\n\n\n<li>What\u2019s more, RedDoorz expects to breakeven in their other two markets by the end of 2023 \u2014 Thailand and Vietnam.<\/li>\n\n\n\n<li>Founder &amp; CEO Amit Saberwal attributed the growth to the doubling of the company\u2019s property footprint last year. RedDoorz increased their property count in Indonesia and the Philippines by nearly 12% and 43%, respectively.<\/li>\n\n\n\n<li>\u201cThe ability to breakeven at a country level is a great proof point on how our business model can work in a sustainable and scalable way in our largest markets,\u201d Amit shared.<\/li>\n\n\n\n<li>He added that revenue from offering microproducts such as early check-in or late check-out, paid loyalty program, insurance, flexible cancellation policies, and breakfast, among other services, contributed to 30% of overall business.<\/li>\n\n\n\n<li>This achievement comes despite a post-pandemic staff shortage, which presented an opportunity for RedDoorz. To cope with increasing demand thanks to \u2018revenge travel\u2019, the company focused on <a href=\"https:\/\/bit.ly\/3E5JB76\">adoption of better technology and automation<\/a>.<\/li>\n\n\n\n<li>What\u2019s next? RedDoorz is planning to add over 1,500 hotel properties across its four markets this year. \u201cAfter the pandemic, owners are realizing the importance of being part of a branded hotel chain,\u201d Amit said, adding that RedDoorz\u2019s strong brand presence and use of technology make being part of its network an attractive proposition for many.<\/li>\n\n\n\n<li>The team is also setting their sights on new markets such as Malaysia, and expanding in Thailand, Vietnam, and Indonesia.<\/li>\n\n\n\n<li>RedDoorz currently has three brands for different categories of travellers: Sans, Urban View, and Sunnera. The company will soon launch Lavana, featuring luxury villas.<\/li>\n\n\n\n<li>Read the exclusive story on <a href=\"https:\/\/bit.ly\/3IjwOAy\">Tech in Asia<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>No longer in the red<\/p>\n","protected":false},"author":5,"featured_media":3909,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[375],"class_list":["post-3908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-reddoorz"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #682: RedDoorz bounces back post-pandemic: breaks even in Indonesia &amp; the Philippines; eyes new markets &amp; expansion - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=3908\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #682: RedDoorz bounces back post-pandemic: breaks even in Indonesia &amp; the Philippines; eyes new markets &amp; expansion - Markup\" \/>\n<meta property=\"og:description\" content=\"No longer in the red\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=3908\" \/>\n<meta property=\"og:site_name\" content=\"Markup\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/500southeastasia\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-15T01:59:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-15T01:59:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/02\/1675420780_Amit-Saberwal-Founder-CEO-RedDoorz-scaled-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1281\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ching Yee Ho\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailymarkup.com\/#website\",\"url\":\"https:\/\/dailymarkup.com\/\",\"name\":\"Markup\",\"description\":\"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailymarkup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/?p=3908#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/02\/1675420780_Amit-Saberwal-Founder-CEO-RedDoorz-scaled-1.jpg\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/02\/1675420780_Amit-Saberwal-Founder-CEO-RedDoorz-scaled-1.jpg\",\"width\":1920,\"height\":1281},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=3908#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=3908\",\"name\":\"Daily Markup #682: RedDoorz bounces back post-pandemic: breaks even in Indonesia &amp; 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