Resorts World Manila to expand hotel capacity by nearly 250%

The owner and operator of Resorts World Manila is expanding the hotel capacity over the next four years to accommodate an expected rise in tourist arrivals.

 

Travellers International Hotel Group Inc. (TIHGI) plans to increase its hotel capacity by 242.5 percent 4,200 rooms from 1,226 rooms by building new hotels and extending the Marriott and Maxims Hotels.

 

The company remains optimistic about the Philippine tourism industry, said TIHGI President and CEO Kingson Sian at the annual stockholders' meeting Thursday.

 

The Department of Tourism expects the number of foreign visitors to hit 5.5 million this year. As of end-April, more than 1.8 million tourists – mostly from Korea and the US – have been to the Philippines. 

 

The joint venture between Alliance Global inc. and Genting Hong Kong Ltd. owns around 11.5 hectares in Newport City in Pasay, which the company has been developing in four phases. 

 

The first phase covers the casino, Maxims Hotel, Mariott Hotel Manila and Remington Hotel that are now operating at Resorts World Manila. The ongoing second and third phases will include the construction of Hilton Manila Hotel, Sheraton Hotel Manila and Belmont Hotel.

 

The last phase, which is still in the planning stage, will include a 1,000-room hotel under an international brand and a podium in the remaining two hectares of the property. 

 

The ongoing expansion also forms part of the strategy to expand the non-gaming business to further drive revenues.

 

TIHGI generated P7.6 billion in gross revenues during the first quarter, down from the P8.0 billion reported for the year-ago period after its gaming revenue dropped to 6.8 billion from 7.2 billion. – VS, GMA News