Singapore's hotel booking and management platform RedDoorz has raised $70 m...
SINGAPORE - Singapore’s hotel booking and management platform RedDoorz has raised $70 million in an ongoing funding round, its second this year, as it targets the region’s growing breed of domestic travelers seeking budget accommodation options.
The company will use the fresh funds to launch in new markets, boost hotel staff training programs and build a technology hub in Vietnam, its second after India. The company works with small hotel owners to provide training to staff, and ensure standard service and facilities across the properties. It brings the fragmented hotels under a RedDoorz brand and markets them through its platform. It works under revenue-share agreements with them.
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