Friday 19 July
May 14, 2019 @ 11:01

Travellers International Hotel to boost room portfolio to 3,500 by yearend

 

Resorts World Manila operator Travellers International Hotel Group Inc. will end the year with a total of 3,500 rooms.

Resorts World Manila developer continues losing streak

Travellers is opening Hotel Okura Manila in the second half to meet the steady demand from an increasing base of tourists.

Resorts World Manila racks up P409M loss in Q3 after deadly attack

Average occupancy rate for the five hotels which includes Marriott Hotel Manila, Maxims Hotel, Holiday Inn Express Manila Newport City, Hilton Manila, and Sheraton Manila Hotel (launched in Jan 2019) stood at 78% with a total room count of 2,201.

Property visitation reached a daily average of about 35,000.

“We’ve been receiving very positive comments after the soft opening of the Grand Wing last year. We are confident that we can deliver sustainable top line and EBITDA growth moving forward.” said Kingson Sian, president and CEO of RWM.

Travellers’ gross revenue amounted to P8.5 billion, P6.9 billion of which came from gross gaming revenues driven by the sustained growth of the non-VIP and VIP segments.

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