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Thai firm building up to 15 new budget hotels in Philippines

11/3/2017

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MANILA, Philippines — The Erawan Group Plc., Thailand’s leading hotel developer, is planning to build up to 15 budget hotels in the Philippines over the next five years.
Kamonwan Wipulakorn, president and director of The Erawan Group, said the company is allotting P4 billion over the next five years to build 12 to 15 budget hotels under the Hop Inn brand in Manila, Cebu and Davao.
“We would like to have maybe around 10 hotels in Manila and we will build two hotels in Cebu and we are also looking at Davao,” Wipulakorn said.
For next year, the company is slated to open three more hotels — one in Aseana, a site in Alabang and another in Tomas Morato in Quezon City.
At present, The Erawan Group has two Hop Inn Hotels in the Philippines — one in Ermita in Manila and the other in Makati.
Wipulakorn said her company is optimistic about its operations in the Philippines because of the country’s robust economy and growing tourism industry.

“Right now, the Philippines has the highest economic growth and also the highest development that is why we choose to come to the Philippines because for us we look for high growth market,” Wipulakorn said.
She added the Philippine market is “very exciting” like Thailand compared to other countries in ASEAN.
“Right now we only focus in Thailand and the Philippines, we don’t see other country as exciting as Thailand and the Philippines,” Wipulakorn said.
“When we plan to come here we actually targeting for domestic market because it’s a very big market, but I think with the location that we have we also attract foreign arrivals as well. So right now about 50 percent is domestic market and the rest would be foreign markets,” Wipulakorn said.
She added  that its first Hop Inn Hotel in Malate, Manila is performing “very well” with an occupancy rate of about 80 percent.
“In the next three years, we see that the revenue contribution from Philippine hotels will go up to 10 perfect of our total portfolio. That is significant to us, right now its very small,” Wipulakorn said.
Erawan is Thailand’s leading hotel investment company with diversified hotel portfolio fro luxury to midscale, economy and budget segment across Thailand’s key destinations and ASEAN.
Currently, its hotels are under the hotel agreement partnership with world-class hotel operators including Hyatt, Marriott, Accor, IHG and its own hotel brand Hop Inn.

 (The Philippine Star) | Updated November 3, 2017 - 12:00am

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  • Home
    • The Company
    • Team of EXPERTS
  • Products & Services
    • Valuation & Consulting >
      • Valuation Mission
      • #ValuedTrips
    • Brokerage >
      • DREAM List n Learn Facility >
        • DREAM List n Learn Facility
      • Property Listings >
        • For Transient
        • Rent To Own Properties >
          • Baguio-Benguet >
            • Marville Homes Subd., Irisan
            • Navy Base Baguio City
          • Luzon-Visayas-Mindanao >
            • Sunvalley Paranaque
        • House and Lot >
          • Baguio - Benguet >
            • San Carlos Heights, Irisan, Baguio City
            • 2Marville Homes H&L
            • Aurora Hill
            • Richgate Phase 2 Camp 7
            • Parisas Street, Camp 7
            • Camp 7
            • Lexber Balacbac, Baguio City
            • Rimando Road, Baguio City
            • Richview Bakakeng Baguio City
            • Quezon Hill Baguio City
            • Irisan House and Lot
            • Pico, La Trinidad, Benguet
            • Irisville House and Lot
            • San Carlos Heights
            • Loakan House and Lot
            • Fairview Baguio City
            • La Trinidad Benguet
            • House and Lot Package
            • Avelino Street, Fairview, Baguio City
          • Luzon-Visayas-Mindanao >
            • Metro Manila
        • Vacant Lots >
          • Baguio-Benguet >
            • Baguio City
            • Irisville Vacant Lot
            • Loakan, Baguio City
            • New Page
            • La Trinidad Benguet
            • Other Locations
          • Luzon-Visayas-Mindanao >
            • Tarlac
            • Pangasinan Lots
            • Bataan Beverly Heights V
            • Batangas
        • Commercial Properties >
          • Tarlac Lot with Improvements for Sale or Lease
        • Condos >
          • Baguio-Benguet >
            • Megatower Residences Condominium
            • Bristle Ridge
            • Outlook Ridge Residences
            • Moldex
            • Goshen Land
            • Marcon's Suites Amparo Heights, Baguio City
          • Luzon-Visayas-Mindanao >
            • SMDC >
              • Araneta Ave. Quezon City
              • Aurora Boulevard
              • Bel-Air Makati City
              • Katipunan Ave. Quezon City
              • Sucat Paranaque
            • DMCI Homes >
              • SORREL
              • Amaryllis
              • Levina
        • Timeshare Ownership
        • Long Term Lease >
          • BRENT Residences
    • Development & Construction
    • Property & Land Management
    • Franchise >
      • Why Choose DREAM
      • Ways to Earn
      • Franchise Package >
        • DREAM Central
        • Franchise Updates
    • Bridging the Gap
  • Education & Training
    • International Speaking Engagement
    • Continuing Professional Development Seminar for RESPs
    • Distance Learning
    • Real Estate Review and Trainings
    • Salesperson Seminar and Training CPD and Accreditation
  • Realty Talk
    • IVSC-WAVO Global Valuation Conference 2018
    • Milestone
    • Local Trends & Forecasts
    • International Scene
    • Treasures
    • RA 9646
  • DREAM Facebook Page
  • All About Life
  • The Pandemic
  • Links to NGAs-LGUs-Banks