Philippines Targets 120,000 New Hotel Rooms by 2028
Skift Take
The Philippines' Department of Tourism plans to add over 120,000 hotel rooms by 2028 to meet rising tourism demand, aiming for 456,000 rooms to accommodate projected arrivals of 11.5 million tourists.
STR reported China hotel data for the week ended October 12th. China hotel RevPAR was down -20.9% year over year, up against a tough +73.4% comp last year. There was a calendar shift from Golden Week so that may have played a part in the results. Occupancy for the week was down -14.8% year over year while ADR was down -7.2%.
CoStar/STR said Brisbane's hotel market reached unprecedented heights in September 2024 with average daily rate and RevPAR hitting all-time highs. The growth was attributed to a series of high-profile events that drew significant visitor numbers including the Brisbane Festival, Brisbane Lions AFL elimination final and multiple conventions at the city's Convention Center. Occupancy was up 3.3% to 78.5% in September while ADR rose 1.7% to A$236.64 resulting in a RevPAR gain of 5% to A$185.82. The highest ADR for the month was September 7th at A$288.01 while occupancy was 87.4%, the second highest of the month. Septembe
