Ayala Land Plans $500 Million Hotel Expansion
Skift Take
Ayala Land Inc. plans to invest over $500 million in expanding its hotel portfolio to 8,000 rooms by 2030, focusing on new developments, international partnerships, and upgrading existing properties.
Ayala Land Inc. plans to spend over $500 million over the next five years to double its hotel room capacity to 8,000 by 2030. Ayala plans to expand its home-grown brands in the Philippines and engage other international brands to expand its portfolio from premium economy to luxury hotels. AyalaLand Hospitality is also looking to build a five-star hotel in Cebu and another in Batangas, which will have 400 to 600 rooms. The group's priority is to expand its hotel and resort portfolio, within their existing estate developments and in areas with international flights. The Philippines Department of Tourism is expecting international visitor arrivals to reach 12 million by 2028. Ayala also sees domestic tourists driving growth, creating demand for a broader range of accommodations. Ayala also plans to upgrade and refurbish existing hotels and resorts. They have begun upgrading three Seda hotels in Bonifacio Global City, Davao and Cagayan de Oro, with the hotels to reopen
