FabHotels, India’s leading budget hotel chain, is thrilled to announce a significant funding round that has successfully raised $70 million. This remarkable investment underscores the growing demand for affordable yet high-quality accommodations in India—where the company boasts an expansive portfolio of over 600 hotels spanning more than 60 cities. The funding comes at a pivotal time as the hospitality sector continues to rebound post-pandemic, and FabHotels is keen on leveraging this momentum to enhance its offerings and expand its footprint across the country.
With these new funds, FabHotels plans to deepen its commitment to providing a 100% safe and comfortable stay experience for travelers. The investment will primarily be funneled into upgrading existing properties to meet modern standards, improving technology for seamless booking processes, and enhancing customer service training for staff. Furthermore, FabHotels aims to accelerate its expansion by opening new locations in untapped cities while ensuring that each establishment retains the affordability and quality synonymous with the FabHotels brand.
As India emerges as a crucial player in the global hospitality market, FabHotels is poised to redefine budget travel, making it more accessible and enjoyable for both domestic and international travelers. The company is excited about its future and is dedicated to increasing accessibility to safe, reliable, and budget-friendly accommodations throughout the country, reinforcing its reputation as India's go-to budget hotel chain.
