AppleOne says Mactan hotel occupancy steady

Title Mactan Hotel Occupancy Steady Amid Global Uncertainties

In today's uncertain world, it's refreshing to see some industries thriving
thriving. The Fairfield by Marriott Cebu Mactan, part of AppleOne Group's M
Mahi Center mixed-use development, is a prime example. Despite the ongoing 
war in the Middle East and other global uncertainties that could impact tra
travel demand, the hotel has seen steady occupancy rates since its launch.

We've been experiencing a consistent level of occupancy, says Dottie Würg
Würgler, General Manager of Fairfield by Marriott Cebu Mactan. It's been a
a steady rise, driven by both business and leisure travelers.

The key to the hotel's success lies in its mixed-use development approach. 
By combining retail, office, and hospitality components, AppleOne has creat
created a self-sustaining ecosystem that reduces reliance on any one sector
sector. This strategy allows the company to capture multiple demand streams
streams, making it less vulnerable to fluctuations.

Another major factor driving occupancy rates is the hotel's proximity to Ma
Mactan-Cebu International Airport. The property is well-positioned to tap i
into both business travelers and transit passengers requiring short stays. 
This convenience has been a significant draw for guests.

The hotel caters to a diverse range of customers, including corporate guest
guests, domestic tourists, expatriates, and foreign visitors. It also serve
serves local demand for meetings and social events, making it an attractive
attractive option for event planners.

In addition to its hospitality offerings, the office component of Mahi Cent
Center is gaining traction. With about 60% already contracted to business p
process outsourcing and shared services firms, this space has become a hub 
for stable and predictable tenants.

Despite global uncertainties, AppleOne remains optimistic about the hospita
hospitality sector. Passenger traffic at Mactan airport has surpassed pre-p
pre-pandemic levels, indicating improving travel activity. The company is f
focused on attracting consistent and repeat users to its properties.

Regional expansion is also on the horizon for AppleOne. The planned JW Marr
Marriott Panglao Island resort and mixed-use development in Cagayan de Oro 
will further diversify the company's portfolio and reduce dependence on any
any one market or sector.

In a world filled with uncertainty, it's reassuring to see some industries 
thriving. AppleOne's steady hotel occupancy rates at Fairfield by Marriott 
Cebu Mactan are a testament to the company's focus on mixed-use development
development and anchoring itself in real demand streams. As the hospitality
hospitality sector continues to evolve, we can expect more innovative appro
approaches like this one to emerge.

Key Takeaways

AppleOne's Fairfield by Marriott Cebu Mactan has seen steady hotel occupa
occupancy rates despite global uncertainties.
The mixed-use development approach has allowed AppleOne to capture multip
multiple demand streams and reduce vulnerability to fluctuations in any one
one sector.
Proximity to Mactan-Cebu International Airport has been a major factor dr
driving occupancy rates at the hotel.
The office component of Mahi Center is gaining traction, with about 60% a
already contracted.

Recommendations

For developers, consider adopting a mixed-use approach to capture multipl
multiple demand streams and reduce risk.
For travelers, look for properties like Fairfield by Marriott Cebu Mactan
Mactan that offer a range of amenities and services to meet your needs.
* For investors, explore opportunities in the hospitality sector, which is 
expected to continue growing despite global uncertainties.

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.