Property giant Megaworld is pushing forward with an ambitious expansion of its hospitality division, announcing plans to build six new hotels across its various township developments in the Philippines. The new properties will add thousands of rooms to the company's existing portfolio, reinforcing its position as a major player in the country's tourism and business travel sectors.
According to a statement from the company, the hotels will be located in key growth areas, including Iloilo, Cavite, and Cebu, as well as in the greater Manila area. Each property will cater to different market segments, from budget-conscious travelers to luxury seekers, with amenities designed to attract both leisure and corporate guests.
"This expansion is part of our long-term strategy to strengthen Megaworld's presence in the hospitality industry," said a company spokesperson. "We are seeing strong demand for quality accommodations in our townships, and these new hotels will help us meet that demand while creating value for our stakeholders."
The announcement comes as the Philippine tourism sector continues to recover, with international arrivals and domestic travel on the rise. Megaworld's move is seen as a bet on sustained growth, leveraging its integrated lifestyle communities that combine residential, commercial, and leisure components.
Construction timelines and investment details were not disclosed, but the company indicated that the hotels would be developed in phases over the next few years.