Hotel Developments in The Philippines are Booming With Robust Demand
Huge incoming supply of hotel rooms in the country is expected in the next five years due to robust demand from tourism market, Jones Lang LaSalle (JLL) Philippines Country Director Lindsay Orr said.
In a briefing, Orr mentioned that there is a booming construction of hotels within and outside Metro Manila from this year up to 2021.
In the National Capital Region (NCR) alone, some 11,610 additional hotel rooms are expected for 2016 to 2021.
Bulk of these new supplies are in the Bay City and Manila Bay area with 5,760 rooms from hotel constructions such as Tryp by Wyndham, Admiral Suite MGallery Collection, Manila Bay Resorts, Hotel Okura Manila, and The Westin Manila Bayshore.
Some 1,990 rooms will be added in Makati City from developments such as World Hotel & Residences, Valero Grand Suites, Seda Circuit Makati, Gateway Makati, Mandarin Oriental Manila, and Seda Ayala Center.
In New Port City, hotel developments such as Savoy Hotel, Hilton Manila, and Sheraton Manila will supply additional 1,450 rooms in the market.
Dusit Princess Hotel, Cebu
Bonifacio Global City (BGC) will likewise supply another 1,050 hotel rooms in the coming years as Grand Hyatt Manila, Seda Arca South, and Seda Hotel BGC Expansion will open.
Some 960 hotel rooms will be added in Ortigas Center and Pasig City area with developments from Mercure Hotel, Citadines Millenium, Westin Manila Sonata Place, and Novotel Suites Manila while Seda Hotel Vertis North will open 400 new hotel rooms in Quezon City’s tourism market in the next few years.
Moreover, Orr noted that branded hotels are also expanding outside Manila.
Megaworld Corp. will be opening Boracay Savoy and Boracay Belmont in 2016 and 2018 respectively, as well as Richmonde Iloilo this year and Courtyard by Marriott next year.
Ayala Land Inc.’s hotel projects outside NCR, on the other hand, include Seda Lio El Nido, Seda Atria Iloilo, and Sicogon Island Tourism Estate.
Dusit International will also open in 2018 and 2019 Dusit Thani Davao and Dusit Princess Hotel in Cebu.
Hilton Hotels & Resorts will launch Hilton Clark Sunvalley Resort next year while Starwoods Hotels and Resorts will open its Sheraton Mactan in 2019.
“There is an increasing trend for branded hotels. But there’s also demand for small scale, those two- and three-star hotels catering to millennials who travel and those who prefer backpacking,” Orr said.
In the first five months of the year, total tourist arrivals in the country registered at 2.5 million visitors with total receipts of USD2.3 billion. (PNA) BNB/KMC
