Asia -  Manila, Philippines

Since Typhoon Haiyan struck the Philippines in 2013, hotel performance in the capital city of Manila has shown a healthy year-on-year increase. Demand during this period has grown at a strong pace of approximately 9% annually, a large portion of which was induced by the City of Dreams development, an integrated resort and casino complex. A strong growth in demand coupled with nominal growth in supply led to strong growth in RevPAR translating into approximately 30% increase in valuation in 2015 over that in 2014.

Change In Value For Market:

Legend
Significant Value Increase: Greater than +10%
Moderate Value Increase: Between +3% and +10%
Stable Values: Between -3% and +3%
Moderate Value Decline: Between -3% and -10%
Significant Value Decline: Less than -10%

Manila RevPAR Change

Manila RevPAR

Year RevPAR
2013 93.80
2014 101.80
2015 115.05
2016 120.52
2017 (f) 113.26
2018 (f) 112.31

For more information, please contact:

Hok Yean CHEE
hychee@hvs.com
  • +65 6730-6308 (w)
  • +65 9686-6218 (m)
Ho Mei Leng
mlho@hvs.com
  • +65 6730-6300 (w)
  • +65 9620-2511 (m)