Cementing its position as the leading hotel developer and operator in the Philippines, Alliance Global Group, Inc. (AGI) is making substantial investments in the country’s hospitality industry as part of its ambitious expansion plan. Led by tycoon Dr. Andrew L. Tan, AGI is a premium lifestyle conglomerate with an impressive portfolio of nearly 7,500 hotel rooms spread across 19 international and homegrown hotels in key tourist destinations and business hubs in the Philippines.
One of AGI’s subsidiaries, Travelers International Hotel Group, operates six internationally renowned hotel brands. These include Marriott Hotel, Hilton Hotel, Sheraton Hotel, Hotel Okura, and Holiday Inn Express in Pasay City, as well as Courtyard by Marriott in Iloilo City. Additionally, Megaworld, another subsidiary of AGI, manages 12 hotel properties under the Megaworld Hotels & Resorts brands, such as Richmonde Hotel Ortigas, Eastwood Richmonde Hotel, and Savoy Hotel Manila.
GERI, which is part of the Megaworld Group, operates Fairways & Bluewater in Boracay. Belmont Hotel Boracay offers a luxurious retreat for those seeking the pristine beauty of the island. AGI plans to expand its hotel capacity to around 11,000 rooms by 2028, with the addition of six new hotels under the Megaworld Hotels & Resorts brand. These hotels will be located in Parañaque City, Laguna, Bacolod City, San Fernando City, Boracay Island, and San Vicente.
Kevin L. Tan, CEO of AGI, expresses the company’s dominance in the Philippine tourism sector and its commitment to cater to all types of tourists and visitors. With high occupancy rates and improved average daily room rates, AGI’s hotels have been thriving due to the surge in domestic and international tourism activities.
The Philippine tourism industry has been on a strong recovery path since last year, with increased spending on staycations, travel, leisure, and entertainment. AGI’s tourism segment experienced significant growth in 2022, surpassing pre-pandemic levels by 10%. Tan emphasizes the growing importance of this segment within the Group, which now contributes over 20% of AGI’s business.
AGI’s commitment to excellence is evident in its extensive offerings, including a variety of dining options available at Manila Marriott Hotel. As the country’s largest hotel developer and operator, AGI aims to solidify its market dominance in the rapidly growing tourism sector.
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Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.