Megaworld looking to open six new hotels

Megaworld's Hospitality Ambitions A New Wave of Hotels

Megaworld Corporation, a leading property giant, is poised to expand its ho
hospitality sector by opening six new hotels across the Philippines over th
the next three years. This strategic move is driven by the growing demand f
for accommodations outside Metro Manila, fueled by rising tourism activity.
activity.

As we delve into this development, it becomes clear that strong relationshi
relationships between developers and local communities are crucial for succ
success in today's competitive market. Megaworld's expansion is part of its
its long-term push to grow its hospitality business alongside tourism-drive
tourism-driven township developments.

Expanding Megaworld's Hospitality Portfolio

The company plans to add nearly 2,000 rooms to its portfolio, further solid
solidifying its presence in both leisure and business destinations. The new
new hotel projects will be operated by Megaworld Hotels & Resorts and will 
be located in Palawan, Pampanga, Laguna, Pasig, and Bacolod.

Developments in the Pipeline

The pipeline includes two beachfront properties inside Megaworld's Paragua 
Coastown township in San Vicente, Palawan. Other developments include

Savoy Hotel Palawan and Paragua Sands Hotel within Paragua Coastown estat
estate
The Hamptons Hotel near Lake Caliraya in Laguna
Savoy Capital Town inside the Capital Town township in Pampanga
ArcoVia Hotel in Pasig City, described as Megaworld's tallest hotel proje
project so far
The Kingsford within Upper East township in Bacolod City

Growing Hospitality Revenues

Megaworld's hospitality revenues rose 8 percent year on year to P1.5 billio
billion in the first quarter, supported by improving travel activity and hi
higher hotel occupancy. The company recently opened Chancellor Hotel Boraca
Boracay, its third hotel in Boracay Newcoast, and targets to launch Belmont
Belmont Hotel Iloilo within the year.

Ambitious Future Plans

By 2029, Megaworld aims to expand its hotel portfolio to 22 properties with
with around 9,000 rooms nationwide. This ambitious plan underscores the imp
importance of cordial relationships between developers and local communitie
communities in driving success.

In conclusion, Megaworld's plans for six new hotels across the Philippines 
demonstrate the company's commitment to expanding its hospitality sector an
and capitalizing on growing demand for accommodations outside Metro Manila.
Manila. As we look ahead to 2026 and beyond, it is clear that strong relati
relationships will be critical for success in this competitive market.

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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.