![]() The first Grand Hyatt hotel in the Philippines announced its soft opening on 15 th January 2018 in Bonifacio Global City, Taguig, introducing 461 rooms and suites, seven unique restaurant concepts, as well as sophisticated function spaces, highlighted by a 160 square metre show kitchen at the Grand Ballroom. Market expertise - about Grand Hyatt Manila The property development advisor also shared that the Asia Pacific region is the only region expecting growth in hotel transaction volumes - a total of US $9.5 billion is expected this year, a 15% rise from 2018. The positive performance of tourism numbers will continue, together with the strong fundamentals of the Asia Pacific market, according to JLL. According to Jones Lang Lasalle (JLL) Philippines, leading property development advisor, the evidence suggets that this support has been instrumental in the growth of the real estate industry’s hospitality sector. The National Economic and Development Authority is also considering the proposed New Manila International Airport in Bulakan, Bulacan. The support and efforts of the government to improve infrastructure have also influenced investments in the country, including the proposed rehabilitation of the main international airport, Ninoy Aquino International Airport, as well as the expansion of international airports in Cebu and Clark. Out of this number, it is expected for 1,600 of these rooms to be completed in Taguig City. With a healthy tourism industry, investors are keen to take their piece of the pie as evidenced in the almost 9,000 rooms in hotels and serviced apartments projected to be completed in 2021. Grand Hyatt Manila is part of a thriving hospitality industry in the Philippines located in the heart of the newest business district, Bonifacio Global City in Taguig City.
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