Centara Hotels Accelerates Five-Star Expansion Strategy
Skift Take
By expanding its exclusive Centara Grand and Centara Reserve brands, the group is advancing its goal to be a top 100 hotel company worldwide by 2027. And other hotel news.
The World Travel & Tourism Council’s 2025 Economic Impact Research forecast predicted the Philippines’ Travel & Tourism Sector will contribute PHP 5.9 trillion to the national economy, up 13.5% from 2019 levels to a new record. International visitor expenditure is projected to reach PHP 709.2 billion, up 2.1% over the 2019 peak. Domestic visitor spending is expected to reach PHP 4.1 trillion, up 9.3% from the previous high. Domestic spending in 2024 was PHP 3.6 trillion, while international spending grew to PHP 644.8 billion.
That same report forecasts another record-breaking year in Australia in 2025, with Travel & Tourism set to inject $314.4 billion into the national economy. International visitor spending is predicted to reach $39 billion, nearly 22% above 2024, with domestic spending forecast to climb to almost $173 billion. In 2024, international visitor spending totaled $32.1 billion while domestic spending reached $123.7 billion.
