Surge In Hotel Occupancy Expected

According to a local industry association, hotel occupancy rates are anticipated to surge as consumer spending increases in anticipation of the holiday season.

Domestic tourists account for 80% of hotel occupants, while foreigners make up the remaining 20%. I Photo: Kingsford Hotel Manila Facebook

"We're very confident about the fourth quarter... People love to spend during Christmas. Even if they don't have all the money in the world to spend, they will definitely stay in a hotel even for one night," said Loleth G. So, President of the Hotel Sales and Marketing Association (HSMA) for the Philippines, during a recent press conference.

"Last year, we achieved an average occupancy rate of 82%. We are confident that we will perform even better this year because the country is now open," she added.

Ms. So, also the Area Director of Sales and Marketing at Megaworld Hotels and Resorts, mentioned that the current hotel occupancy rate has improved compared to pre-pandemic levels.

Domestic tourists account for 80% of hotel occupants, while foreigners make up the remaining 20%.

She added, "Before the pandemic, occupancy was running at about 65% to 75%. Right now, our average occupancy year-to-date is already at 72-78%. The good news is that, compared to 2019, the average rate is higher. The higher the average occupancy, the higher the revenue.

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