Booming Economy Fuels Manila Hospitality Market

Category: Hotels, Posted:12 Dec 2012 | 06:00 am

The second fastest growing economy in Asia and a stable political environment are combining to fuel a surging Manila hospitality market, particularly in the high end luxury sector, with escalating room rates and strong occupancies setting the stage for dramatic future growth for the sector.
With an economy growing at 7.1% last quarter, just a few points behind China, the Philippines is enjoying a fast tracked journey back to the future – and the hospitality sector is a front line beneficiary, according to the Manila Hotel Market Update report released today by C9 Hotelworks.
To view the full report <link>https://c9hotelworks.com/downloads/manila-hotel-market-update-2012-12.pdf*CLICK</link>

Other News

From Spas to Longevity: Phuket Evolves into a Global Wellness Tourism Leader

Category: Hotels|Real estate|Tourism, Posted:29 Nov 2024 | 08:10 am Wellness tourism is in great shape. One of the fastest growing areas of the tourism industry, the sector has grown from a niche market for committed health seekers to become a THB 219 trillion (USD 6.3 trillion) global powerhouse. At the heart of this revolution is Asia Pacific, which accounts for 30% of the worldwide […]

C9 Session Today On Phuket’s Wellness Sector for Hotels, Tourism and Real estate

Category: Hotels|Real estate|Tourism, Posted:27 Nov 2024 | 07:30 am There is still time to register for today’s C9 Session (Wednesday 27th November 2027, which will be held at the Amora Phuket Resort Bangtao. How is Longevity and a health-focused lifestyle changing the face of the wellness industry? Join us for a unique 90-minute learning session featuring experts from international medical wellness, tourism, resort and real […]

New Onyx and Equatorial JV Hotel for Kata Phuket

Category: Hotels|Real estate|Tourism, Posted:19 Nov 2024 | 09:27 am A new 180-room branded property, the EQ Phuket has been announced for Kata Beach. The property, which is located next to Club Med, was developed by a joint venture between Thailand’s Onyx Hospitality and Malaysia’s Equatorial Group. Investment into the project is THB2.5 billion (approximately USD72 million). Equatorial Group, a legacy Asian hotel group, has […]

More Insider News