RedDoorz expands into the Philippines; launches new property category

Online budget hotels booking platform RedDoorz has expanded into the Philippines – its third market in South-east Asia – after Singapore and Indonesia.

The company will invest US$5 million to tap into the dynamic growth of the budget hospitality and travel sector in the Philippines, where its intends to grow its footprint to 100 properties across the country over the next 12 months.

Amit Saberwal, founder and CEO, RedDoorz, said in a statement: “Our expansion into the Philippines came as a natural progression for RedDoorz, where like our first market in Indonesia showed many similarities and thus the potential for a vibrant domestic travel and hospitality industry.

“Following our fresh funding earlier this year, we realised that the Philippines held a strong demand for hotel rooms not only for tourists but also for business travellers. We felt that it was timely for us to make the conclusive move to start expanding here – especially seeing how boisterous the budget hospitality sector has been in recent years,” he added.

Along with its entry into the Philippines, RedDoorz has also introduced a new category of properties, RedDoorz Premium, a selection of properties targeting budget business travellers with their strategic locations close to business districts and wider amenity offerings than the existing RedDoorz and RedDoorz Plus categories on the platform.

The addition of the Premium properties was driven by the “remarkable growth” observed of the Filipino ‘condotel’ concept over the past decade, said Rishabh Singhi, COO of RedDoorz.

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