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Hello reader,
Kashmir, Goa, and Ooty – these Indian destinations have been coming up more often in conversations with my friends lately. One of them just returned from a weeklong trip through the Kashmir Valley, while another came back from a long weekend on the beaches of Goa.
Friends who once preferred holidays to foreign destinations such as Europe and Japan are increasingly choosing to explore closer to home.
It’s not that people have suddenly lost their appetite for overseas travel. They still want a break, but with rising airfares, hotel prices, and living costs, a holiday closer to home can feel like a much easier sell. Add geopolitical tensions to the equation, and the appeal of a domestic getaway becomes even stronger.
This applies not only to India. Across Asia, travelers keep spending on travel but are increasingly choosing to explore their own countries. That shift is good news for hospitality companies like Singapore-based RedDoorz.
Indonesia, where the firm gets 85% of its business, is at the heart of that trend. The country logged more than 1.2 billion domestic trips in 2025, the highest in seven years. RedDoorz’s Indonesia revenue grew 24% in local currency terms last year, and the company is now doubling down on hotels it operates itself.
In today’s premium, we spotlight RedDoorz’s 2025 financials and how the firm is betting on domestic travel and its growing portfolio of company-operated properties to turn profitable in 2026, ahead of a planned 2027 IPO.
Samreen Ahmad, journalist
Top Story
RedDoorz eyes net profit in 2026 ahead of IPO
Photo credit: RedDoorz
The firm makes money mainly through commissions on bookings made at franchised partner hotels and income from company-operated properties.
RedDoorz is shifting from a largely asset-light franchise model toward running more hotels of its own as it chases profitability ahead of its planned IPO next year.
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