Sterling Holiday Resorts aims to double capacity in 5 years without capex

Sterling has 33 resorts in the country, with a room strength of 2,200; had average occupancy of 72% this year

Vacation ownership company Sterling Holiday Resorts will take an asset-light route to double its room capacity to 4,500, through management contracts.

The Thomas Cook-owned entity, seeing a multi-year high occupancy of 72 per cent this year, is also expecting to be Ebitda (earnings before interest, taxes, depreciation and amortisation) positive in 2017-18.

Sterling has 33 resorts in the country, with a room strength of 2,200. "We will expand this to 4,500 rooms in the next four-five years. The majority of the addition will come from management contracts. We might build our own resorts but not in large numbers. We are in talks