The hotel construction boom in the Philippines continues with 50 upcoming hotels across the Philippines translating to 13,334 hotel rooms as of August, according to figures provided by data and analytics specialist STR.
Most of these new hotels will be located in Metro Manila albeit the hotels outside the capital region could have far larger number of rooms. According to STR, 28 of the 50 hotels under contract in the Philippines will be in Metro Manila but they only cover 28% of the total number of hotel rooms under contract. Off hand, this suggests that developers outside Manila are building bigger hotels.
As one of the fastest growing tourism districts in the country, the Bay Area will likely have majority of these rooms as developments in Entertainment City, Newport City, and Bonifacio Global City (BGC) are in full swing. Among the brands coming into these areas include Okada Manila, Westin, Okura, and Genting Grand in Entertainment City and Hilton, Sheraton, and Marriott (expansion) in Newport City. Meanwhile, BGC will soon welcome Grand Hyatt Manila and a dusitD2 hotel.
The capital city remains as a hot spot of hotel development as it experiences larger supply growth of rooms than the Philippines average. When supply is compared year on year, Manila’s total number of rooms grew by 5.6% by August 2016, faster than 4.2% nationwide, according to STR.
STR says 584,015 hotel rooms are under contract across Asia Pacific in August 2016. Some countries with huge pipeline include China with 131,135 rooms in 460 hotels, India with 23,563 rooms in 145 hotels, and Indonesia with 22,169 rooms in 108 hotels.