ALI hotel unit to add more rooms this year | Ma. Stella F. Arnaldo

AYALA LAND Hotels and Resorts Corp. is riding high on the surge in domestic tourism and rising number of international arrivals. This has encouraged the company to push forward with its plans of increasing the number of its keys in its homegrown Seda-branded hotels this year.

The surge of the domestic market with ‘revenge travel,’ as well as the Department of Tourism’s [DOT] projected 4.8-million international arrivals signal global recovery for our industry.” “Our total hotels and resorts portfolio now stands at 4,058 rooms, with another 1,504 rooms under construction,” said Hernandez, following their parent unit Ayala Land Inc.’s annual stockholders meeting on April 26. He failed to answer how much ALI was allocating in capital expenditures to construct the new hotel and additional rooms.

Holiday Holiday Latest News, Holiday Holiday Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DoubleDragon plans to build 10 US hotels by 2026DoubleDragon Properties Corp. said it plans to build 10 hotels in the United States by 2026. DoubleDragon said in a
Source: MlaStandard - 🏆 20. / 55 Read more »

Hotels still support continued mask useHOTEL operators and retailers on Monday said they support the continued use of face masks, especially indoors as a way to deflect the rising cases of COVID-19 infections and to keep the public safe.
Source: MlaStandard - 🏆 20. / 55 Read more »