The Philippines is prompting more investments in the hospitality sector due to the booming tourism industry. The development and presence of every hotel in Manila, Makati the likes of Berjaya Makati Hotel and other regions across the Philippines is the government’s effort to improve infrastructure and as a result, the tourism industry.
The National Economic and Development Authority is also giving thought to the proposed new Manila International Airport, which will show an increase in hospitality investments in the Philippines. An estimated growth of 15% is expected for the year 2019, with the growth of hotel transaction volumes in the regions. Investment momentum is expected to accelerate as investors look to sell assets and make use of the anticipated tourist boom.
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