Among the projects in the pipeline are the Emerald Resort and Casino, a rebranded Cebu City Marriott under Seda Hotels, Citadines Cebu City, and Somerset Gorordo.
Cebu’s supply of hotels and resorts will receive a boost with some big-ticket projects scheduled to open from 2019 to 2021.
Among the projects in the pipeline are the Emerald Resort and Casino, a rebranded Cebu City Marriott under Seda Hotels, Citadines Cebu City, and Somerset Gorordo.
Property management and research firm Colliers International Philippines said the development of 3- and 4-star hotels in resort destinations around the country will be more pronounced over the next few years.
Most of these projects will be built in Cebu, Colliers said.
Other projects in Cebu are Duros Land’s 23 Minore Park Hotel, Grand Land and Dusit International’s Dusit Princess Hotel, and Megaworld’s hotels under the Belmont brand.
Some of the Philippines’ biggest property developers like Ayala Land, Megaworld Corp, and Filinvest Land are investing heavily in tourism, while emerging players like Udenna Corp, DoubleDragon Properties and Durosland Properties are on a building spree.
Durosland’s 23 Minore Park Hotel, to be known as the Minore Tower, will break ground in February 2018 and will be completed in the third quarter of 2019.
Udenna’s US$340-million Emerald casino resort project, located on a 12.5-hectare beachfront in Mactan Island in Lapu-Lapu City, broke ground in August 2017 and is scheduled to open in three years.
New airport projects, in particular the upgrade and renovation of the Mactan-Cebu International Airport, are seen as essential in sustaining the growth of Philippine tourism.
Colliers noted that new airport infrastructure is essential in further expanding both local and foreign tourism.
The firm said new airport infrastructure is expected to boost tourist arrivals and result in higher hotel occupancy rates. This, in turn, will entice local and foreign businessmen to ramp up their leisure-related investments.