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TGI Fridays Partners With Meerab Hospitality to Expand Into Pakistan

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TGI Fridays has reached a development agreement with Meerab Hospitality to bring the restaurant chain back to Pakistan. Under the deal, the business plans to launch its primary flagship location at the Hyatt Regency Lahore over the next 12 months.

The move marks a key step in the company's international expansion efforts. The new agreement adds to an existing global pipeline of roughly 200 sites. It also supports a broader corporate target to expand to more than 1,000 restaurants worldwide and achieve $2 billion in system revenues by 2030.

Investors and industry observers will track the progress of the initial restaurant opening in Lahore to gauge market adoption. Key metrics to monitor going forward include opening timelines, overall site counts, and unit-level economics across the region.

Key points

  • TGI Fridays signed a development agreement with Meerab Hospitality to expand in Pakistan.
  • The first flagship site is scheduled to open at the Hyatt Regency Lahore within 12 months.
  • The deal contributes to an existing global expansion pipeline of approximately 200 sites.
  • The expansion supports a strategy to reach over 1,000 global locations and $2 billion in revenue by 2030.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

Where is TGI Fridays opening its first new location in Pakistan?

TGI Fridays plans to launch its flagship location at the Hyatt Regency Lahore within the next 12 months under a deal with Meerab Hospitality.

What are TGI Fridays' long-term global growth targets?

The chain aims to grow its global footprint to more than 1,000 locations and reach $2 billion in revenue by 2030.

Who is TGI Fridays partnering with for its expansion in Pakistan?

TGI Fridays has partnered with Meerab Hospitality through a development agreement to reintroduce and grow the restaurant brand in Pakistan.