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Colliers Quarterly | Property Market Report – Hotel | Q2 2022 | Philippines

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Quicker pace of hotel sector recovery in the offing.

 

The Philippines is starting to welcome more foreign travelers while domestic tourists are driving hotel occupancies and leisure-related spending across the country. The tourism sector’s share to economic output and total employment is beginning to improve, supporting industry analysts’ projection of a quicker pace of recovery. Colliers recommends that hotel operators and other stakeholders:

  • Prepare for the gradual resumption of MICE (Meetings, Incentives, Conferences and Exhibitions) events
  • Craft flexible packages for business and leisure travelers
  • Seize opportunities from public and private sectors’ initiatives to attract foreign tourists while improving Philippine tourism infrastructure such as airports and expressways.

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Colliers Quarterly | Property Market Report – Hotel | Q2 2022 | Philippines

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