Hotel Industry In Philippines 2023-2030

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    HOTEL INDUSTRY IN PHILIPPINES

     

    INTRODUCTION

    The hotel sector is crucial to the expansion of the Philippine tourism industry, which has experienced a continually rising demand for rooms from both domestic and international visitors who travel for both business and pleasure.

     

    Visitor arrivals have increased over the past few years thanks to a comprehensive infrastructure plan and a vigorous marketing effort. The hospitality and tourist business in the Philippines is enjoying a surge in both domestic and foreign visitors.

     

    Travellers are flocking to domestic vacation destinations such as Boracay, Baguio, Palawan, and Siargao, which are the top four locations of preference. This growth in the travel sector entails an increase in hotel demand. Every booking is important for both small and large-scale hotels. 

     

     

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    Despite the fact that Philippine tourism is currently lagging behind those of its neighbours in the region, the country has attracted hotels to open or extend their operations there and has created several prospects for future expansion. The resurgence of international companies and the rise of domestic brands are clear signs of the country’s hotel industry’s boom times.

     

    HOTEL INDUSTRY IN PHILIPPINES MARKET SIZE AND FORECAST

     

    The Hotel Industry in Philippines accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

     

    NEW PRODUCT LAUNCH

    The Westin Manila Sonata Place is scheduled to open on the main street of the Ortigas Business District, beginning with the nation’s capital. The hotel will have 300 opulent rooms in addition to three food and beverage establishments, a gym, a spa, and a swimming pool.

     

    Additionally, with more than 1,400 sq m of function space, including two ballrooms and six meeting rooms, it will provide event planners with a wealth of new alternatives.

     

    Another intriguing launch slated to take place is Pullman Manila at Primex Tower. Two restaurants, a lobby lounge, and a rooftop bar on the 50th floor of this 200-room hotel will all offer spectacular views of the metropolitan skyline. A fitness centre, a swimming pool, a ballroom, a business centre, and many meeting rooms are also available to visitors.

     

    Arca South, an integrated mixed-use development in the Greater Manila Area, would also include a hotel as well as offices, residences, lifestyle centres, retail stores, entertainment hubs, and dining establishments. The 265-key hotel, which is expected to open in mid-2022, will give visitors easy access to some of the best amenities in the Philippines.

     

    RECENT DEVELOPMENTS

    Converge ICT Solutions, Inc., in collaboration with Comise Solutions, Inc., is presenting the new Workplace hotel management solution to assist hotel partners in their operations.

     

    Workplace hotel management software is a cloud-based hotel management software that allows businesses to automate bookings, synchronise real-time bookings and reservations across various apps with inventory, and monitor hotel income and booking activities, among other things. 

     

    Workplace, in addition to assisting with hotel administration on the digital backend, enables new potential to broaden the hotel’s reach through social media, direct marketing, and other channels such as affiliate marketing.

     

    The system performs best when connected to a high-speed, pure fibre network, such as Converge flexiBiz. Workplace and Converge FlexiBiz, when combined, provide optimum productivity and expansion for hospitality companies.

     

    The World Travel & Tourism Council (WTTC) has released its Hotel Sustainability Basics, an internationally known and coordinated set of principles that all hotels should apply as a minimum to promote responsible travel and tourism. 

     

    The programe was introduced today at its annual Global Summit, which is being hosted this week in Manila, and will assist every hotel in addressing and improving their environmental effect.

     

    It was created by the industry for the industry and outlines 12 activities that are key to hotel sustainability. It will help increase the base level of sustainability throughout the entire hospitality sector by providing a starting point for every hotel on their sustainability journey.

     

    The programe has already received backing from big worldwide corporations such as Jin Jiang International (Holdings) Co., Ltd. and its subsidiaries. The World Travel and Tourism Council’s Hotel Sustainability Basics offers the global hospitality sector with a baseline of positive measures to adopt to guarantee they achieve at least the minimal sustainability criteria.

     

    However, this is only the beginning of their journey, and WTTC encourages the industry to strive for continuous development beyond the 12 fundamental criteria, so that any hotel, whether an individual business or part of a bigger group, may progress to more sophisticated frameworks and higher sustainability.

     

    WTTC established the criteria in close consultation with prominent global brands and industry groups, and they focus on measures that are basic to hotel sustainability and address tourism’s impact on the world across a range of crucial concerns.

     

    These requirements include steps to measure and minimise energy consumption, water use, waste identification and reduction, and carbon emissions measurement and reduction.

     

    It also includes a linen reuse programe, the use of green cleaning solutions, the elimination of plastic straws, stirrers, and single-use plastic water bottles, the installation of bulk amenity dispensers, and community-benefiting initiatives.

     

    WTTC is now calling on hotel operators, owners, organizations, and investors worldwide to publicly endorse the idea and collaborate across their networks to make it a reality.

     

     

    Sl no Topic
    1 Scope of the Report
    2 Market Segmentation
    3 Research Methodology
    4 Executive summary
    5 Introduction
    6 Growth in number of domestic travelers in   Philippines
    7 Foreign Tourist Arrivals and impact on   Philippines Hotel Ind  Philippinestry
    8   Philippines Hotels: Establishments by Hotel Category
    9 Total Room Revenue by Hotel Category & C  Philippinestomer Type
    10 Total Revenue by Hotel Category & C  Philippinestomer Type
    11 Guests by Hotel Category & C  Philippinestomer Type
    12 Ind  Philippinestry Trends: The rise of co-working spaces and one day domestic trips
    13 Popular price point among travellers from major cities
    14 New hotel launches in 2022 and planned launches in 2023-2024
    15 Top 10 highest ADR, OCC and RevPAR cities in   Philippines- 2022
    16 GDP AND EXCHANGE RATE FACTORS ON TOURISM DEMAND
    17 Top 10   Philippinesan cities for Hotel Investments-2022
    18 Market restraints
    19 COVID impact on Hotel Ind  Philippinestry in   Philippines
    20 Market Size, Dynamics And Forecast By Hotel Type, 2023-2030($M)
    21 Market Size, Dynamics And Forecast By Region, 2023-2030($M)
    22 Market Size, Dynamics And Forecast By Destination type, 2023-2030($M)
    23 Competitive Landscape
    24 Market share of major companies-2023
    25 Profitability analysis of major players
    26 Top   Philippines Hotel Chains 2022
    27 Growth and expansion strategies of major hotel chains in   Philippines
    28 Key Strategic Move: Partnerships, Collaborations and Agreements of Major Players
    29 Pipeline projects in major   Philippines countries
    30 Inventory analysis of major companies
    31 Company Profiles
    32 Unmet needs and Market Opportunity for Vendors
    33 Concl  Philippinesion
     
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