These 10 Developers are Building Over Half of All New Hotel Rooms in the Philippines

Over 40,000 new hotel rooms are in the pipeline in the Philippines as of the third quarter of 2024, according to the latest report of Leechiu Property Consultants (LPC). Of this number, about 54 percent or 21,700 are being constructed by just 10 developers. 

These 10 developers are:

1| DoubleDragon Corp. with 4,324 keys

2| Megaworld Hotels and Resorts (3,889)

3| Hann Philippines (2,850)

4| The Henann Group (2,800)

5| Anchor Land Holdings (2,270)

6| SM Hotels and Conventions Corp. (1,723)

7| AppleOne Properties Inc. (1,063)

8| Robinsons Hotels and Resorts (1,016)

9| Cebu Landmasters Inc. (899)

10| Ayala Land Hotels and Resorts Corp. (889)

According to LPC director for Hotels, Tourism, and Leisure Alfred Lay, about 26.3 percent of the hotel rooms in the pipeline are in the “upscale” category, or those that can be booked for P5,700 to P7,500 a night. 

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In addition, 55 percent of the pipeline keys by leading developers use alternative ownership models, such as condotels, to improve cash flow during development.

“These developers have also been targeting key locations like resort and casino destinations to capitalize on strong tourism demand,” Lay added.

Some of the hotel developers have also hired international hospitality chains to manage their properties, with the top brands being Accor, Ascott, Radisson Hotels, Marriott International, and Dusit International.

Parañaque City dominates with the most number of keys in the hotel pipeline

There are some P250 billion in private sector hotel investments in 158 hotels and resorts with over 40,000 keys, according to the Philippine Accommodation Pipeline 2024 report produced by LPC and the Philippine Hotel Owners Association.

In Metro Manila, over 8,600 new keys have been added to the pipeline, most of which are located Parañaque City in the next few years.

“Parañaque City’s hotel supply is set to increase with the upcoming openings of Banyan Tree Manila Bay, Hotel Okura Manila Bay, and the city’s fourth integrated casino complex, Westside City Resorts,” said Lay. These and three other hotels are expected to account for 2,863 rooms of the total pipeline in the metro.

Quezon City is not far behind, with the opening of six hotels with 1,714 keys. “In Quezon City, 70 percent of the pipeline keys will be supplied by local brands, including Fili Hotel-Bridgetowne and Hotel 101 Libis,” Lay added.

Third in the list is Makati City, where five hotels with 1,259 rooms are being constructed. “In Makati, most keys are being developed by Ayala Land Hotels and Resorts Corp., with the remaining inventory to be operated by Ascott,” he said.

Leechiu Property Consultants Director for Hotels, Tourism, and Leisure Alfred Lay presents his third quarter report on the tourism industry, and predicting just 6 million foreign tourists by yearend

As of October 7, 4.53 million foreign tourists have visited the country, according to DOT data. Most of them came from South Korea at 1.23 million; the United States at 802,451; Japan 339,964; China 268,367; and Australia 209,987.