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Booming Economy Fuels Manila Hospitality Market

Author: Bill Barnett. Category: Hotels. Posted: 12th Dec 2012

The second fastest growing economy in Asia and a stable political environment are combining to fuel a surging Manila hospitality market, particularly in the high end luxury sector, with escalating room rates and strong occupancies setting the stage for dramatic future growth for the sector.

With an economy growing at 7.1% last quarter, just a few points behind China, the Philippines is enjoying a fast tracked journey back to the future - and the hospitality sector is a front line beneficiary, according to the Manila Hotel Market Update report released today by C9 Hotelworks.

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