Month: September 2017

Asia-Pacific tourists on spending binge

Singapore—Tourist spending grew the fastest in Asia-Pacific in 2016, outpacing visitor arrival expenditures in Europe and North America, Mastercard’s Global Destinations Cities Index 2017 showed. Spending of tourists in key cities in Asia Pacific reached $91.2 billion...

Philippines’ booming casino sector at risk of oversupply

HONG KONG (Reuters) – Overinvestment in the Philippines’ thriving casino sector could become a reality as investors chase lucrative returns in Asia’s fastest-growing gaming hub, casino-to-ports magnate Enrique Razon Jr told Reuters on Tuesday. Business is also...

Resorts World back on track

MANILA, Philippines — Resorts World Manila (RWM), a joint venture between Andrew Tan’s Alliance Global Group and Genting Hong Kong Ltd., has seen a big improvement in its daily average foot traffic. In a briefing yesterday, RWM president Kingson Sian said mall goers...

Older hotels urged to renovate

MANILA, Philippines — Older hotels in Metro Manila should renovate and upgrade their facilities to keep up with tightening competition brought by the entry of newer hotels, industry analysts said. Jones Lang Lasalle head of research, consulting and valuation advisory...

Bright prospects for hotel industry (Part 2)

Tourism destination development is being addressed by the Department of Tourism with the support of the provinces and the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) through its tourism enterprise zone development program that aims at creating...