Red Planet Boost for Tune Hotels in Asia

 The number of rooms emerging Asian hotel investment company, Red Planet Hotels, has under construction surged past 1,000 this week, fuelled by the injection of fresh investment capital.

The company is developing a portfolio of Tune hotels in China, Indonesia, the Philippines, Thailand and Bangladesh. Red Planet already has 1,023 hotel rooms through six hotels in Jakarta, Bangkok, Pattaya, Angeles City and two in Manila, with more announcements expected soon.

All Red Planet-owned hotels operate under a franchise agreement with Tune Hotels. Tune Hotels is part of the Tune Group, the private investment group of Tony Fernandes, founder and Group CEO of low cost airline AirAsia and Team Principal of the Lotus F1 Racing team.

 "We are very pleased to be extending our portfolio in Asia," said Group CEO of Tune Hotels, Mark Lankester. "It is right where we need to be and we are delighted that our partner Red Planet has kicked off its expansion plans as it will provide for great economies of scale and most importantly add value to accommodation for consumers and travellers."

Tune Hotels is a rapidly growing chain of hotels that have embraced the limited service model used by low cost airlines and employs a self-service online booking system encouraging guests to book early to enjoy low prices.

Using the demand-based pricing booking system, guests can book rooms at prices starting from US$3 (or even lower during promotion periods).

It currently operates ten hotels, seven in Malaysia, two in Indonesia and one in England and has entered into strategic partnerships to open 20 hotels in India and a further 14 hotels in the United Kingdom.

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