Hotel developers have committed around PHP250 billion (US$4.39 billion) to build 158 new accommodation establishments across the Philippines over the next six to seven years.
As a result, this massive investment will introduce 40,084 additional hotel rooms to the country’s existing inventory. Leechiu Property Consultants revealed this in its “2024 Philippine Accommodation Pipeline Report.”
Importantly, many of these upcoming hotel projects directly connect to current or planned integrated casino resort developments.
“This substantial pipeline expansion demonstrates the commitment of developers and investors to the ongoing growth and strength of the hotel industry,” the report emphasized.
In addition, Leechiu highlighted that the expansion will generate around 57,000 direct jobs. This development reinforces the hospitality sector’s increasing impact on national economic growth and job creation.
Moreover, the report noted that the top 10 hotel developers will build about 54 percent of the total national pipeline.
Leading the pack is DoubleDragon Corp, with 4,324 rooms under construction. Right behind it is Megaworld Hotels and Resorts, contributing 3,889 keys. Hann Philippines Inc follows with 2,850 rooms in the works.
Notably, Hann Philippines—the company behind Hann Casino Resort—is developing a high-end project called Hann Reserve. This new luxury destination will feature three 18-hole golf courses, several five-star hotels, private villas, and upscale residential areas.
Just last December, Hann broke ground on a Banyan Tree-branded hotel at Hann Reserve. Then, in July, the company confirmed that the site will also include a 250-room InterContinental-branded hotel.
Furthermore, the report revealed that local developers will deliver 19,901 hotel rooms, while international brands will contribute 16,798. This near-even distribution reflects the Philippines’ growing appeal to both domestic and global hotel operators.
Leechiu expects international brand-managed properties to continue rising. This trend stems largely from the country’s expanding tourism industry, which keeps attracting global hospitality giants.
Between the last quarter of 2024 and the end of 2025, developers plan to add nearly 11,400 new hotel rooms. Most of these will appear in Metro Manila and Cebu, two of the nation’s top tourism hubs.
Meanwhile, Parañaque—particularly the Manila Bay Area—has become a magnet for local developers due to its thriving gaming economy.
“With 2,863 rooms in the pipeline, Parañaque leads Metro Manila and ranks fifth nationwide for new hotel developments,” Leechiu stated.
Some of the most notable projects in Parañaque include:
- Westside City Resorts by Suntrust Resort Holdings
- Hotel Okura Manila Bayshore
- Banyan Tree Manila Bay
The Westside City casino hotel, developed through a partnership between Alliance Global Group Inc and Suntrust, is scheduled to open in the first quarter of 2025.
At the same time, Cebu City shares the fifth spot nationwide in terms of hotel development volume. One of its biggest highlights is the upcoming second hotel at NUSTAR Resort and Casino.
Just last week, Robinsons Land Corp announced plans to build an ultra-luxury NUSTAR-branded hotel. The property will rise inside its Cebu complex, backed by an investment of over PHP10 billion in hospitality projects over the next few years.
