Indonesian capsule hotel operator Bobobox achieved a 200% ARR growth for Bobocabin Sukawana and positive EBITDA in 2024, driven by strategic partnerships with Bank Mandiri. CEO Indra Gunawan highlighted the importance of the collaboration in facilitating growth and investment opportunities. The company’s expansion plan includes targeting key destinations like Surabaya, Medan, Bali, and Mt. Bromo, focusing on market potential, accessibility, and infrastructure to ensure success.
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With Bank Mandiri partnership, Bobobox aims to expand to 12 new locations in Indonesia this year
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