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HOSTELS AND BACKPACKER MARKET
Mountain bookings up 76 per cent in June as urban Indians flock to hills: ReportIndian mountain getaways are booming, with Zostel reporting a 76% surge in Shimla bookings and nearly 95% growth in other popular spots lik...- The Hosteller raises Rs 150 crore led by PROMAFT Partners in Series B fundingThe Hosteller has raised ₹150 crore in a Series B funding round led by PROMAFT Partners and V3 Ventures, with participation from ITI Growth...
- Moustache Group of Hotels rebrands, eyes 100 properties by 2030Jaipur-headquartered Moustache Group of Hotels on Monday announced its rebranding, aiming to operate 100 more properties by 2030.
- Skipped Bengaluru for Mysore and Tirthan for Jibhi: Why this IIT graduate, who quit her job to backpack, chose these spotsKanak Agrawal, an IIT-Kanpur alumna, traded a conventional career for a life of slow, intentional travel. For four years, she's explored th...
- Backpacker hostel chain The Hosteller raises Rs 48 crore led by V3 VenturesFounded in 2014, it plans to expand from 2,500 to 10,000 beds across India within 18 months, focusing on property expansion and customer ac...
- Startups on Trump win; govt’s plan for data centresTrump's return raises hopes for increased funding and tech ties in India's startup ecosystem. This and more in today's ETtech Morning Dispa...
- This mom has gone backpacking to multiple countries with her daughter. She shares her rulebook for safe (budget) trips with other women travellersThe stereotype attached to motherhood has survived for decades, but thousands of moms continue to break the gender-cliche.
- Hotels launch special packages, tailored amenities for working professionals“People are fatigued after working within the four walls of their homes. We are getting queries from Hyderabad and Chennai but are only all...
- Work life imbalance, the only danger of starting up in GoaRoadhouse Hostels, a chain of backpacker hostels, was cofounded by three alumni of Mayo College — Uday Jhamb, Rajesh Borah and Shubham Garg...
- It’s official, OYO acquires its rival ZO RoomsOYO Rooms has completed its acquisition of rival ZO Rooms, building up significant muscle to dominate in a crowded hotel aggregation market.
- New to Bengaluru? Co-living will helpTravellers and new arrivals in Bengaluru are checking into some hip, cost-effective and fun hostels.
- AccorHotels to run Blue Rock’s Dwarka property under Mercure brand“Every hotel chain is looking for an entry into the religious destinations and industrial hubs which lack good quality hotel rooms,” said R...
- Startup Zostel offers affordable accommodation facilities to travelersZostel, which hosted over 20,000 backpackers last year, received Rs 5 crore funding from Malaysia-based angel investor Presha Paragash in M...
- Zostel Hospitality to open 14 branded hostels by year endOnline budget accommodation aggregator Zostel Hospitality is planning to launch 14 more branded hostels for backpackers by end of the year.
- Budget hotel aggregator Zo Room’s parent Zostel expands its hostel chain internationallyBackpacking chain Zostel has launched its first international hostel in Vietnam as the company looks to build a global presence
- Why investors are putting funds into budget hotels like Stayzilla and OYO RoomsIf startups are to crack the market, they have to solve the rooted challenge of standardising experiences in a highly unorganised market, s...
- Startup Wars: Oyo Rooms vs Zostel case gets murkier in Delhi High CourtZostel recently launched Zo Rooms, which rival hotel rooms aggregation start-up Oyo Rooms alleged is based upon copied data.
- Backpacker hostel chain Zostel to launch startup incubation programmeBackpacker hostel chain will give out seed funding of up to Rs 10 lakh. Entrepreneurs will have freedom to customise, including hostel name.
- Sol Primero puts Rs 1.5 crore in SmartPocket for clearing up loyalty cards issuesSmartPocket will use the funds on product development, acquire users and form partnerships with offline businesses.
- Backpacker hostel chain Zostel raises Rs 5 crore from angel investmentZostel, a chain of backpacker hostels for young travellers, has raised Rs 5 crore in a first round of funding from Malaysia-based angel inv...
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