After the InterContinental Makati was demolished and the Holiday Inn Clark was rebranded, InterContinental Hotels Group only has three hotels in the Philippines.
That's set to change, with plans just announced to open two hotels in the country under the Holiday Inn banner this year.
The Remington Hotel at Resorts World Manila has been part of the IHG portfolio since December 2016 and will be rebranded as a Holiday Inn Express. The hotel has 623 guestrooms and 89 apartments.
In the second half of the year, the 180-room Holiday Inn Baguio Center will become the first foreign brand to open in Baguio City in 15 years.
Leanne Harwood, IHG’s vice president operations, South-east Asia and Korea, told TTG Asia that IHG’s expansion is anchored on “strong fundamentals of the Philippines hotel market given its strong and sustained economic growth in recent years, and with strong foreign investment into the country, including further interest from China in recent months.”
As we noted earlier this week, property firms are planning to add more than 4,000 hotel rooms in Metro Manila this year, topping their last peak of 2100 rooms in 2014. By increasing the number of hotel rooms, developers are supplying the recent growth in demand from foreign visitors to the city.