Marriott to triple its portfolio in the Philippines over the next five years

Marriott International expects to more than triple its portfolio in the Philippines in the next five years and debut five new brands including The Ritz-Carlton, Element and Westin.

With four hotels currently open in the Philippines, Marriott International expects to open 14 more properties by the end of 2024, which would add more than 3700 new rooms.

Currently operating in three destinations, Marriott International during the same period expects to debut in five new destinations – Caticlan, Cebu, Davao, Mactan and Palawan.

“The amazing growth we’re seeing in the Philippines is testament to Marriott’s strength in and commitment to the market, coupled by a rapidly growing economy,” said Craig S. Smith, president and managing director, Marriott International Asia Pacific.

“We look forward to bringing new hotels to the Philippines together with our trusted hotel owners, enabling more choices with unsurpassed experiences for our travelers.”

Following the opening earlier this year of the 390-room Sheraton Manila Hotel, The Sheraton Manila Bay is expected to open later this year. Four Points Palawan Sabang Beach is anticipated in 2020 following an US$8 million renovation by the owners.

The Ritz-Carlton, Manila; the Marriott Resort & Spa Caticlan; The Westin Manila Sonata Place; and Courtyard by Marriott Caticlan are all slated to open in 2021. Element Palawan Puerto Princesa is due to open in 2024.