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Hotel101 bets on unique business model to propel global growth

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ABS-CBN News

DoubleDragon&#x27;s unique hotel brand Hotel101 aims to become among the world&#x27;s top 5 by achieving a 500,000-room portfolio in 100 countries by 2040, its CEO Hannah Yulo-Luccini said on Thursday.Hotel101&#x27;s unique business concept, where owners buy a unit to be managed by the company as a hotel, is what would propel the brand&#x27;s growth globally, Yulo-Luccini told ANC.Both Hotel101 and the unit owners share the revenues from occupancy, she said. &quot;It&#x27;s a very unique concept because it&#x27;s an asset type expansion. Unlike your traditional hotel developers, we presell all of the units during the construction period,&quot; she said. &quot;It&#x27;s a long term management contract that the unit owner signed up to. They buy a unit so they know it will be managed by Hotel101 as a hotel,&quot; she added. Its ongoing Hotel101 Cebu-Mactan is already sold out during its preselling period. Meanwhile, she said its project in Niseko, Japan would break ground this August.&quot;We&#x27;re really, really serious about our vision to hit 500,000 rooms by 2040 and to become the first Filipino company to be listed in Nasdaq in the next 3 to 4 years,&quot; she said.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/02/18/22/doubledragon-prepares-for-first-hotel-101-project-outside-ph">DoubleDragon says preparing for first Hotel 101 project outside PH</a></li>	<li><a href="https://news.abs-cbn.com/business/04/27/23/doubledragons-hotel101-brand-acquires-land-in-madrid">DoubleDragon&#x27;s Hotel101 brand acquires land in Madrid, expands in Europe</a></li>	<li><a href="https://news.abs-cbn.com/business/06/30/22/hotel101-to-become-first-homegrown-hotel-brand-to-expand-overseas">Hotel101 to become first homegrown hotel brand to expand overseas: DoubleDragon</a></li></ul>

DoubleDragon's unique hotel brand Hotel101 aims to become among the world's top 5 by achieving a 500,000-room portfolio in 100 countries by 2040, its CEO Hannah Yulo-Luccini said on Thursday.