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 108.07
2017 105.58
2018 (f) 105.21
2019 (f) 106.33
2020 (f) 110.84

For more information, please contact:

Hok Yean CHEE
[email protected]
  • +65 6730-6308 (w)
  • +65 9686-6218 (m)
Ho Mei Leng
[email protected]
  • +65 6730-6300 (w)
  • +65 9620-2511 (m)
Jeremy Teo
[email protected]
  • +65 6730-6307 (w)
  • +65 9190-1991 (m)