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PHOA plans to build 48 new hotel with combined total of 15,000 rooms

October 20, 2023 Philippines Industry Updates

The Philippine Hotel Owners Association (PHOA) plans to construct 48 new hotel projects with a combined total of 15,000 rooms between 2023 and 2028. This initiative is seen as a crucial step in accelerating the restoration of the nation’s tourism sector.

Benito C. Bengzon Jr., the PHOA’s executive director, underlined the need to improve the nation’s capacity to host both domestic and foreign tourists while exceeding minimum standards for hotel facilities and services. As of September 30th, there were 65 firms that together controlled 200 hotels with more than 40,000 rooms, making up the membership of the PHOA.

The 48 new hotels will be built with assistance from Ascott Limited Group, AyalaLand Hotels and Resorts Corp., Hotel 101 Group, Megaworld Corp., Newport World Resorts, Filinvest Hospitality Corp., Accor Group, and SM Hotels and Conventions Corp-Radisson Hotel Group.

Strategic locations including Metro Manila, Cebu, Davao, Baguio, Angeles, Palawan, Iloilo, Boracay, and Bacolod will be home to these hotels. They will also include San Vicente in Palawan, Dauin in Negros Oriental, and Cauayan in Isabela, among others.

The Department of Tourism (DOT) concurs with these goals and plans to welcome 11.5 million international tourists by 2028, a significant increase from the 4.8 million expected this year. According to the DOT’s National Tourism Development Plan, domestic travel would rise from 85.1 million last year to 137.5 million by 2028.

Original story by: Asia Gaming Brief

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