Business travel may resume within 6 months of lockdown lifting: Survey
A recent survey of over 500 industry leaders managing travel within their organisations found that 80 per cent of the respondents feel business travel is likely to bounce back to pre-Covid levels within six months of the lockdown being lifted. The study was conducted by budget hotel chain FabHotels.
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FabHotels offers quarantine stay packages to stranded guests
FabHotels, India’s fastest growing budget hotels brand, has announced the launch of comprehensive, WHO-compliant pre-emptive safety measures at all of its 600+ properties across the country.
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FabHotels offering quarantine facilities for stranded guests
FabHotels is offering quarantine stay packages to stranded guests, healthcare professionals, and medical authorities at government-prescribed rates.
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FabHotels to bank on business hubs for expansion
Budget hotel chain FabHotels raised INR 39 crore from existing investors early this year. According to Vaibhav Aggarwal, Founder and CEO of FabHotels, the investment will help in building their in-house tech stack. “We will be able to serve the needs of our hotel partners and customers in a better manner.
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FabHotels moves in on India as market leader Oyo downsizes
When Vaibhav Aggarwal went to Bangalore for a friend’s wedding seven years ago, he wasn’t too pleased with his accommodations.
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FabHotels set to raise Rs 40 Cr at a valuation of Rs 856 Cr
Budget hotel chain FabHotels is set to raise about Rs 39 crore from its existing investors at a valuation of around Rs 856.4 crore.
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FabHotels Raises $7.8 Mn From Goldman Sachs & Others In Its Ongoing Series B Round
Indian budget hotel chain FabHotels has raised INR 54 Cr. (around $7.8 Mn) from existing investor Goldman Sachs along with marquee venture capital firms Qualcomm Ventures, and Accel Partners India, who is one of the early backers of the Delhi-based company.
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FabHotels plans to double inventory by 2019
FabHotels, which operates primarily through franchising arrangements, plans to double its inventory to 20,000 rooms by the end of next year.
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FabHotels Introduces ‘Refer-and-Earn’ Program
Designed for the loyal consumers to invite their friends and family to stay at FabHotels through a shareable referral link, it rewards consumers with Fab credits worth ₹500 for every referred friend who completes a stay at FabHotels.
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Budget hotel chain FabHotels eyeing 30% revenue growth through loyalty program
Budget hotels chain Fab Hotels is eyeing a revenue growth of 30% as it launches a loyalty program to increase its base of regular customers.
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FabHotels raises $25 million from Goldman Sachs, Accel Partners
Budget hotels chain FabHotels has raised $25 million in a Series B funding round led by Goldman Sachs, a top company executive said. FabHotels works on an asset-light model, partnering small hotels under a franchise model to provide standardized services.
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FabHotels secures $25 million Series B funding led by Goldman Sachs Investment Partners
FabHotels, a technology-driven budget hotel franchise, announced today that it has raised $25 million in a Series B investment led by Goldman Sachs Investment Partners. Accel Partners, an existing investor, also participated in the round.
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Indian Budget Hotel Chain - FabHotels - Is Expanding Rapidly
FabHotels operates in the $30 per night, value-for-money, 3-star hotel segment. Our hotels are located conveniently near a business hub, airport or railway station and are typically the best 3-star or business budget hotels in that neighborhood.
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Budget hotel aggregator FabHotels aggregates $8M in funding
On Tuesday, it was reported that tech enabled hospitality startup, FabHotels had raised $8 million in a Series A round from Accel Partners and RB Investments. Mohandas Pai’s Aarin Capital and Qualcomm Ventures also participated in the funding round.
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