Philippines Positioned for Surge in Tourism

• Colliers is recommending developers in the Philippines line up various hotel projects in order to capture the surge in local and foreign tourists.
• Alliance Global Group, Inc. will accelerate expansion plans in the Philippines as they bet on a second wave of spending with the expected opening of the Chinese economy.
• The Clarks Hotels & Resorts strengthened its international footprint by opening Clarks Exotica Kamadhoo Maldives.

Colliers is recommending developers in the Philippines line up various hotel projects in order to capture the surge in local and foreign tourists. Dept of Tourism data showed the first 10 months of 2022 recorded 1.9 million arrivals, beating the full year target of 1.7 million. In the first half of 2022, Colliers recorded the delivery of […]