Megaworld Signs Philippines Hotel Deal With Accor
Skift Take
In the Philippines, Megaworld Corporation announced an agreement with Accor to improve its local hotel operations.
The Macau Hotel Association said the average nightly cost of a five-star hotel room in May was down by 1.2% year-on-year to MOP1,532.8. This is the 11th consecutive month of year-on-year declines in the five-star average rate. The decline in average rate is occurring even though the visitor arrivals count continues to increase, up 25.3% in May, year-on-year. The problem is that the big rise is coming for day-trippers, not overnight guests. While we keep hearing about the number of hotel rooms shrinking as some resort casinos increase the number of suites, the tally of five-star hotel rooms is actually down by 8% year-on-year. The decline in ADR also makes little sense when there are calls to increase the number of hotel rooms in Macau. In May, the average room rate across all tiers of hotels that are members of the association was flat at MOP1,371.1, despite overall occupancy rising 3.3 percentage points to 94%. Of the 47 hotels that are members, 26 are five-star properties. For
