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P23B Hotel projects in Pipeline

April 01, 2019 Some P23 billion worth of investments in accommodation facilities are in the pipeline in the next two years as the hotel development industry catches up with the country’s booming local and domestic tourism. Samie Lim,  chairman emeritus of the Philippine Franchising Association  said 120 hotels are to be built to bring the number of rooms in the country to 100...

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120 International Hotels set to invest P23B in PH

More than 100 international hotel chains are expected to invest over P23 billion in the Philippines in the next three years, according to the Philippine Franchise Association. “Based on our estimates, there will be additional of at least 23,000 new rooms in the next three years. These will be more of the international hotel chain franchises. About 120 hotels will be built in the next thre...

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