Hotline: 1800 102 2007
X
Search Business Opportunities
Dec, 13 2018

FabHotels looks to double its inventory by 2019-end

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."

Comment
Related opportunities
  • Juices / Smoothies / Dairy parlors
    About: Chaai Resto” has a team of highly motivated individuals with..
    Locations looking for expansion Karnataka
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Quick Service Restaurants
    Looking for your own lucrative business in ever growing fast..
    Locations looking for expansion New Delhi
    Establishment year 2009
    Franchising Launch Date 2012
    Investment size Rs. 10lac - 20lac
    Space required 200 - 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Rajouri New Delhi
  • Others Health Care & Fitness
    About Body Building India Body Building India is a well-known name..
    Locations looking for expansion New Delhi
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 250 - Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • Precious Jewellery
    About Us: Jewels Galaxy is known for its uniquely crafted designs..
    Locations looking for expansion Delhi
    Establishment year 1997
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities