FabHotels is planning to double its inventory to 20,000 rooms by the end of 2019.
FabHotels, operating primarily through franchising arrangements, is planning to double its inventory to 20,000 rooms by the end of 2019.
Vaibhav Aggarwal, Co-Founder of Goldman Sachs and Accel Partners-backed FabHotels, said, "We have about 10,000 rooms across 450 franchising hotels. We don’t do aggregation. We want to double the inventory next year to 20,000 rooms."
"We will add another 20 cities to the current 40 cities we are present in. We are looking at expanding to locations like Manali, Shimla, Vadodara, Coorg, Raipur and Nagpur," he added.
Aggarwal further stated, "Eighty percent of expansion will be in the FabHotels category. We have 20-odd properties under management. That’s also a format that we are experimenting with. We will continue to focus on the basics—how a hotelier gets the highest RoI, and how does the consumer get the best experience in this segment."