Largest hotel developer in the Philippines invests heavily in tourism sector

Megaworld continues to pour in more investments to help boost Philippine tourism as it eyes to have about 20 operating hotel properties in its portfolio by 2029

MANILA, Philippines — Behind every successful tourism story in the Philippines is an inspiring narrative of how the world has come to love our brand of hospitality. Take the impressive rise of property giant Megaworld as the country’s biggest hotel developer as an example.

Since it was founded 35 years ago, Megaworld has successfully grown and expanded its hotel portfolio under Megaworld Hotels & Resorts. To date, the company now has more than 6,000 hotel room keys from 12 operating hotel properties in key tourism destinations across the archipelago.

“We take great pride in Megaworld being the biggest player in the Philippine tourism sector. Within its portfolio is the largest array of hotel properties that cater to all types of tourists and visitors. With the surge in domestic and international tourism activities, all our hotels have been experiencing high occupancy rates and much-improved average daily room rates, and these are things that continue to encourage us to invest bigger in Philippine tourism,” says Kevin Andrew Tan, CEO of Alliance Global Group Inc. (AGI), the parent company of Megaworld.

Perhaps the most notable addition to Megaworld’s growing portfolio is the 1,530-room Grand Westside Hotel within the company’s 31-hectare Westside City township in Parañaque City. Once it opens this coming June, Grand Westside Hotel will bear the distinction as the Philippines’ biggest hotel development to date.

“We are truly excited to welcome tourists and visitors to our hotel properties across the country, be it in any of our hotels in Metro Manila, in Batangas or Boracay. Last year, we had the opportunity to serve more than 1.7 million guests in our properties. We were also able to generate nearly 3,000 jobs across our developments, and we are looking to create about 1,000 more from the next three hotels that we will be opening soon. All of these allow us to make a significant impact in terms of maximizing the multiplier effect of tourism on the economy,” shares Cleofe Albiso, managing director of Megaworld Hotels & Resorts.

By 2029, Megaworld will further grow its hospitality portfolio with the addition of six new hotel properties. These developments, which are located in Pasig City, Pampanga, Boracay, Bacolod, Iloilo and Palawan and will bring the total number of the company’s hotel developments to 20 by then, are aimed at further solidifying the company’s market dominance in the fast-growing tourism sector.

The 19-story, two-tower Grand Westside Hotel is the latest hotel development set to be opened soon by Megaworld. The company has also received prestigious awards in the real estate industry.

Editor’s Note: This press release is paid for by Megaworld.

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