L-R: Tourism Infrastructure and Enterprise Zone Authority Chief Operating Officer Mark Lapid, Philippine Hotel Owners Association President Arthur Lopez, Department of Tourism Secretary Christina Garcia Frasco, Philippine Tourism and Hotel Investment Summit 2024 Organizing Committee Chair Francis Gotianun, and PHOA Executive Director Benito Bengzon, Jr.MANILA, Philippines —
The report cited that investors are still working to recover from COVID-19 pandemic-related losses with hotels allowed to fully resume operations in 2023. “This period also presents an opportunity for operators to address shifts in guests' demands and preferences,” it said. LPC stressed that the recovery period of the hotel industry “presents an opportunity for operators to address shifts in guests’ demands and preferences.”The Philippine Hotel Investment Outlook Survey, conduced from March to April this year, polled more than 10,000 hotel keys in the industry. A total of 44% of the respondents are owners or owner representatives while 56% are hotel operators.
Frasco expressed gratitude to PHOA for organizing the "timely" summit, which aligns with President Ferdinand Marcos Jr.'s vision to enhance Philippine tourism through investments in hotels, accommodations and infrastructure. Apple on Friday said it would delay the rollout of its recently announced AI features in Europe because of"regulatory uncertainties"...