Zostel, a branded hostel chain, with presence in India and Nepal, and The Hosteller, another backpacker hostel chain with 60 properties in India, told Business Standard they plan to expand operations, not just in Indian regions but in international locations.
“The US is a strong area of focus for future expansion and along with that we have seen strong growth interest in Southeast Asian markets to bring the brand presence more global,” said Dharamveer Singh Chouhan, co-founder of Zostel and CEO, Zo World. “We'll be adding around 1,000 beds in the global market within the next 2 years,” he added.
The Hosteller, on the other hand, recently raised $4 million in their series A funding to expand its base of hostels, marketing, and other general purposes.
This story is from the October 12, 2024 edition of Business Standard.
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This story is from the October 12, 2024 edition of Business Standard.
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