More hotel rooms opening in 5 years
Updated July 10, 2017 – 12:00am
http://www.philstar.com/
MANILA, Philippines – At least 10,000 hotel rooms are expected to open in the Philippines in the next five years, making the country one of the top 10 countries in Asia Pacific with the most hotel construction activities.
This is according to the new Asia-Pacific Hotel Construction Overview report prepared by TopHotelProjects for The HotelShow Philippines.
Specifically, the Philippines has 37 hotel projects and 10,713 rooms in the pipeline, according to the report.
“In 2017, about 4,200 new hotel rooms are projected to be delivered,” said Joey Bondoc, research manager at property research and consultancy firm Colliers International.
He said firms are ramping up their projects in anticipation of the estimated arrival of 10 million foreign tourists by 2020 – up from 5.4 million in 2015 as well as an increase in domestic tourists.
“The upcoming hotel projects are complemented by the opening of luxury retail establishments such as S Maison which occupies two floors of the six-star Conrad Manila hotel and the retail components of Solaire Resort & Casino and Shangri-La at The Fort,” Bondoc said.
These developments, he said, would reflect the substantial rise in tourist expenditures and demand for accommodation and entertainment options amid sustained economic growth.
With this developments in the hospitality business, dmg events Middle East, Asia and Africa, a leading international exhibitions company based in Dubai, is set to launch The Hotel Show Philippines in August.
“We are taking the legacy of The Hotel Show Dubai and giving it a local flavor,” said John Suzara, event manager of The Hotel Show Philippines.
“Our Dubai show represents the latest trends in hospitality for the Middle East and Africa, and we aim to provide the same opportunity for networking, knowledge share and trading for Asia-Pacific – identified by TopHotelProjects in our commissioned report as currently the most active region for hotel construction in the world,” he added.
Headquartered in Dubai, UAE and with satellite offices in India, South Africa and the UK, dmg events Middle East, Asia & Africa organizes over 45 events across the Middle East, Africa, Asia, North America and Europe.
Companies exhibiting at The Hotel Show Philippines 2017 represent a mix of local and international companies from across product sectors that embody the full spectrum of the hospitality industry from technology to lighting and much more.
