FabHotels plans to enter 15 more cities; add 1,000 hotels this fiscal

Budget hotels chain FabHotels plans to enter more than 15 additional cities and is looking to add 1,000 hotels under the franchise model in its inventory by end of this fiscal, a top company official has said.

The company currently has over 400 hotels under its inventory in around 40 cities.

"We continue to expand rapidly and are aiming to add 1,000 more properties across the emerging business cities in India by the end of FY19," FabHotels Founder & CEO Vaibhav Aggarwal told PTI.

The company plans to enter more than 15 additional cities this fiscal year. The locations include Kanpur, Ludhiana, Allahabad, Rajkot, Surat, Aurangabad, Ajmer, Ranchi, Raipur and Jamshedpur, among others, he added.

"We have a very high demand from hotels to partner with us, reinstating the faith in our business model and the shift which the industry is experiencing at present," Aggarwal said.