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The five-year old resort booking and management platform works both franchise and rental versions because of its resorts in Singapore.
RedDoorz stated its growth program will make it the most second-largest hotel chain in Singapore.
In 2018, it established its initial fully-leased and operated land in Singapore – a 65-room resort known as”RedDoorz near Marine Parade”.
Under this version, RedDoorz oversees the daily operations of the institutions, which can be great for property owners that would rather become hands-off or don’t run resorts as part of the core business.
In 2019, RedDoorz had its initial near US$70 million as part of its bigger Series C round, also started a brand new regional tech hub in Vietnam.
The business has increased about US$140 million since its beginning in 2015.
Amit Saberwal, founder and CEO of RedDoorz, stated:”RedDoorz has built up solid brand recognition and loyalty over all the markets that we operate in. Indonesia particularly, is our most powerful market given its rugged domestic traveling ecosystem, whereas Singapore is normally regarded as a superior travel destination.
“During our efforts in creating standardised affordable accommodation simpler and readily accessible, we plan to promote more travelers to go to Singapore, whether for work or for leisure.”