{"id":5476,"date":"2024-11-19T00:00:00","date_gmt":"2024-11-18T16:00:00","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=5476"},"modified":"2024-11-17T15:59:22","modified_gmt":"2024-11-17T07:59:22","slug":"daily-markup-1119-reddoorz-helps-young-budget-savvy-travelers-find-accommodation-across-se-asia-eyes-8000-properties-in-3-5-years-and-2027-ipo","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=5476","title":{"rendered":"Daily Markup #1119: RedDoorz helps young, budget-savvy travelers find accommodation across SE Asia; eyes 8,000 properties in 3-5 years and 2027 IPO"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfiFSDwL7arvYf6MGhF6gcVycgckeNBkUEWEXhbe7htRw9EhSXtQA76h5C8gI3eNNypwsSmJm_2FOO3ztforqs66FI5jqqSP5Ks5PDSts1UO401I6jIHWilWe8Uamc6mRVktD2Z9A?key=XI4Em54ZUqTnFAc-gGqqVWXs\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Credit: RedDoorz<\/figcaption><\/figure>\n\n\n\n<p><strong>Budget travel boom<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;My employer is a small business, and we need to travel with a limited budget for accommodation \u2014 under US$32 per room per night,&#8221; shares Liza Chairani. &#8220;<a href=\"https:\/\/www.reddoorz.com\/\">RedDoorz<\/a> has a variety of places at this range.&#8221;<\/li>\n\n\n\n<li>500-backed hospitality company RedDoorz, which oversees a network of 4,200 independently-owned partner hotels, is aiming to attract young, budget-savvy travelers just like Liza.<\/li>\n\n\n\n<li>\u201cWe target people who don&#8217;t want to spend too much on accommodation \u2014 mostly youngsters such as Generation Z and millennials, or people who are just coming into the middle class,&#8221; shared <a href=\"https:\/\/www.linkedin.com\/in\/amit-saberwal-05b7233\/\">Amit Saberwal<\/a>, Founder &amp; CEO. &#8220;They will be a key driver of the tourism industry for the future.&#8221;<\/li>\n\n\n\n<li>The majority of travel accommodation under RedDoorz is in the budget category. The team\u2019s proprietary system uses data to predict demand and set room rates for member hotels, allowing them to benefit from economies of scale.<\/li>\n\n\n\n<li>Their goal? To provide a bridge between price-conscious travelers and hotel owners.<\/li>\n\n\n\n<li>The team\u2019s biggest market is Indonesia and they also operate in the Philippines, Vietnam, Malaysia and Thailand. They aim to expand to 8,000 properties in the next 3-5 years.<\/li>\n\n\n\n<li>To achieve the company&#8217;s mission of becoming the region&#8217;s leading aggregator of hotel bookings, Amit shared they aim to go public around 2027.<\/li>\n\n\n\n<li>Read the full story on <a href=\"https:\/\/s.nikkei.com\/48QK0bR\">Nikkei Asia<\/a>. A subscription may be required.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Budget travel boom<\/p>\n","protected":false},"author":5,"featured_media":5477,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[375],"class_list":["post-5476","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 #1119: RedDoorz helps young, budget-savvy travelers find accommodation across SE Asia; eyes 8,000 properties in 3-5 years and 2027 IPO - 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=5476\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #1119: RedDoorz helps young, budget-savvy travelers find accommodation across SE Asia; eyes 8,000 properties in 3-5 years and 2027 IPO - Markup\" \/>\n<meta property=\"og:description\" content=\"Budget travel boom\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=5476\" \/>\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=\"2024-11-18T16:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-17T07:59:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2024\/11\/Daily-Markup-1119_-RedDoorz-banks-on-young-budget-savvy-travelers-to-fuel-the-tourism-industry-eyes-8000-properties-in-3-5-years-and-2027-IPO-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\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=\"1 minute\" \/>\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=5476#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2024\/11\/Daily-Markup-1119_-RedDoorz-banks-on-young-budget-savvy-travelers-to-fuel-the-tourism-industry-eyes-8000-properties-in-3-5-years-and-2027-IPO-2.jpg\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2024\/11\/Daily-Markup-1119_-RedDoorz-banks-on-young-budget-savvy-travelers-to-fuel-the-tourism-industry-eyes-8000-properties-in-3-5-years-and-2027-IPO-2.jpg\",\"width\":1080,\"height\":1080},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=5476#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=5476\",\"name\":\"Daily Markup #1119: RedDoorz helps young, budget-savvy travelers find accommodation across SE Asia; 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