goSTOPS Expands Footprint in Ooty, Coorg, and Auroville
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Hostel brand goSTOPS is adding 3 more hostels, one each in Ooty, Coorg, and Auroville in the states of Karnataka and Tamil Nadu. With this, the total functioning locations in its network have increased from 28 to 30.
The new properties acquired in February by the full-stack operator brand, which leases and transforms budget hotels into high-quality backpacker hostels, comprise both deluxe private rooms and spacious dorms, starting at an affordable cost of INR 500 per night.
On the expansion announcement, Pallavi Agarwal, Founder and CEO, goSTOPS, said, “Post covid, we are witnessing a demand recovery towards leisure destinations such as Jaipur, Udaipur, Manali, Mussorie, Nainital, and Mukteshwar, which are attracting massive interest among our core audience as they offer a mix of tranquillity, adventure, and local experiences. As we scale further and through a renewed focus towards people, processes, and technology, we are confident that we are well-poised to curate a holistic travel experience for our patrons.”
Pankaj Parwanda, Co-Founder and Chief Strategy Officer, goSTOPS, quoted on the announcement, “Through our robust expansion, we aim to provide access, increase availability and rapidly scale up the supply of high-quality hotel accommodation tailored to the evolving psychographics of an underserved Indian youth today through a shared economy model. Our goal is to expand the goSTOPS community by adding more thrilling properties across various locations within the country.”
goSTOPS captures more than 12 crore revenue per anum. Every month, the brand hosts 20,000 travellers in its hostels and adds about 300 beds and 5 hostels. By 2024, goSTOPS aims to reach a mark of 31,000 beds and foray into Southeast Asian countries including Sri Lanka and Nepal. The brand recently added new and second properties to some locations like Mussorie, Kasol, and Bangalore.