Developing new hotels across the country is expected to boost tourism by bringing in more tourists, says property firm service Santos Knight Frank (SKF).
“While the new hotels address the accommodation supply gap in the market, they are also key in generating new demand as big hotel brands promote Philippine cities internationally and integrated resorts such as Okada, Solaire, City of Dreams, Resorts World Manila and the upcoming Westside City Resorts World make Manila the Las Vegas of Asia,” said Rick Santos, SKF chairman.
According to SKF, the next three years will be the ‘golden era of hotel construction’ because of around 8,000 hotel rooms slated to finish construction between 2018 and 2021.
Most of these new hotels will be located in the Bay Area, as well as business centers Bonifacio Global City and Makati.
Colliers International Philippines expects 3,400 new hotel rooms to be completed this year, more than double the 1,600 hotel rooms completed last year.
“We still expect two and three star hotels to play a major role in driving hotel room completion in Metro Manila this year,” Colliers stated.
These upcoming hotels include the 461-room Grand Hyatt Manila, 342-room tower 2 of Ayala-owned Seda BGC Hotel, and the 125-room Dusit D2 in the Fort.
SKF also disclosed that there are few global hotel brands looking for growth areas outside the metro. Among these are Marriott International, IHG, Hyatt, Accor, Hilton, and Dusit International.
Some of the places considered in putting up hotels are tourist-driven cities and provinces of Clark, Baguio, Davao, La Union, Batangas, and Iloilo City.