Philippines Hotels Topped Pre-Pandemic Occupancy Rates in January
Skift Take
- The Philippines Hotel Sales and Marketing Association said hotels in the country remain optimistic of the industry’s performance this year as the average occupancy has already surpassed pre-pandemic levels.
- Marriott International is planning 14 new luxury properties opening in the Asia Pacific region this year.
- IHG Hotels & Resorts announced the signing of voco Bangkok Surawong with Tawanna Property Company Limited, a real estate investor and developer in Thailand.
The Philippines Hotel Sales and Marketing Association said hotels in the country remain optimistic of the industry’s performance this year as the average occupancy has already surpassed pre-pandemic levels. For the month of January, hotels were hitting 80% occupancy as compared with 60% to 70% pre-pandemic. The association attributed the higher occupancy to the strong domestic tourism market, which covers both leisure groups, such as those on staycations or family vacations, as well as the MICE industry. ADR is also higher that pre-pandemic as most of the bookings are being done online so hoteliers have a dynamic rate structure. Colliers Philippines reported a 14.1% increase in ADRs of hotels in Metro Manila last year, higher than its initial full year projections of an 8% growth. For this year, Colliers is projecting ADR to grow by about 6%.
Marriott International is planning 14 new luxury properties opening in the Asia Pacific region this year. Marriott
