Santos Knight Frank, the country’s leading property consultant for hotel real estate investments, reveals that Metro Manila – specifically the Bay Area, BGC and Makati – will account for most of the anticipated launches. Half of the 8,000 rooms in the pipeline in the metropolis between 2018 and 2021 are expected to open this year, adding to a growing list of brands already in Manila, such as

• Grand Hyatt
• Conrad
• Marriott
• Fairmont
• Raffles

Global brands are also looking for growth areas outside the capital, with major international hotel groups such as the following looking to plant their flags in rising tourism destinations.

• Marriott International – Will open Marriott in Clark
• IHG – Holiday Inn Baguio City and a Holiday Inn Express in Newport City (in Manila)
• Hyatt – Grand Hyatt has been launched recently in Bonifacio Global City
• AccorHotels – A Novotel will be launched in Calatagan, Batangas
• Hilton – Hilton in Newport City and in Clark
• Dusit International – dusitD2 in La Union and Bonifacio Global City. Dusit Thani brand in Davao. Dusit Princess brand in Batangas

Additionally, local groups are banking on the growing leisure, business travel and MICE (meetings, incentive travel, conferences and event) market. For instance, Ayala Group’s Seda has opened at least one hotel annually since the brand was launched, with new properties upcoming in Makati, Palawan and Cebu.

Rick Santos, Chairman and CEO of Santos Knight Frank comments: “With a very positive outlook for the tourism sector, the ‘Golden Era of Hotel Construction’ will likely extend past 2021 as much of the government’s infrastructure program is realized across the country.”

Santos adds: “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 those listed below make Manila the Las Vegas of Asia.”

• Okada
• Solaire
• City of Dreams
• Resorts World Manila
• Westside City Resorts World

Santos will moderate a panel of industry experts and tackle the future of integrated resorts and the hotel sector on March 1 during The Philippine Hospitality Summit at Solaire Resort and Casino.

For more information about the Philippines property market email Rick Santos from Santos Knight Frank via the contact details below. 

See also:

Manila to see strongest prime office rental growth in Asia Pacific

Top real estate markets in The Philippines to look out for in 2018

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