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Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels in the Philippines

Jan 2020

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

High level of internet use enables consumers to find luxury hotel bargains

Tourism was the primary driver of increased revenue in luxury hotels in 2019. Many tourists staying in luxury hotels in the Philippines are attracted by prices that are competitive with those on offer in neighbouring countries.

Luxury hotels increasingly popular venues for a variety of events and short breaks

There has been a shift in the distribution of tourists across the country due to the new regulations being implemented in Boracay. The number of tourists increased in Cebu, of which the greatest proportion was represented by Chinese tourists.

More luxury hotels set to open over forecast period, Manila represents a prime location due to nearby amenities

The number of luxury hotels being built remained unchanged over 2018-2019. However, some luxury hotels scheduled to open in the Philippines during the forecast period include Hotel Okura, Ritz-Carlton Manila, Sheraton in Manila and Cebu, and Dusit Thani in Cebu.

COMPETITIVE LANDSCAPE

Tourism industry’s growth attracts new players, leading player boosts profile through charity events

A new Dusit Thani hotel was opened in 2019. The newly launched hotel was built to cater to the increasing number of tourists in Cebu and Davao.

Strategic locations remain important, luxury hotels set to increase investment in promotions to attract new tourists

The location of a luxury hotel is of strategic importance for players in the Philippines. Well-appointed hotels attract visitors and encourage extra spending, especially as the country’s transportation system is underdeveloped.

Middle-income consumers represent an increasingly important target segment, high-quality cuisine important to Filipino consumers

Players are expected to take advantage of the burgeoning use of luxury hotels by middle-income families. High-quality foodservice tends to be very important among Filipino families, as they utilise luxury hotels for an increasing variety of social events and celebrations.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Hotels (5-star plus) industry in Philippines with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Luxury Hotels (5-star plus) industry in Philippines, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Hotels (5-star plus) in Philippines market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Hotels (5-star plus) in Philippines?
What are the major brands in Philippines?
What is the rate of development for chained hotels vs independent hotels?
How are luxury hotels performing compared to mid-priced and budget hotels?
Is there an increase in hostels and campsites?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our

Travel and Tourism market research database

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Luxury Hotels in the Philippines - Category analysis

HEADLINES

PROSPECTS

High level of internet use enables consumers to find luxury hotel bargains

Luxury hotels increasingly popular venues for a variety of events and short breaks

More luxury hotels set to open over forecast period, Manila represents a prime location due to nearby amenities

COMPETITIVE LANDSCAPE

Tourism industry’s growth attracts new players, leading player boosts profile through charity events

Strategic locations remain important, luxury hotels set to increase investment in promotions to attract new tourists

Middle-income consumers represent an increasingly important target segment, high-quality cuisine important to Filipino consumers

CATEGORY DATA

Table 1 Sales in Luxury Hotels: Value 2014-2019
Table 2 Sales in Luxury Hotels: % Value Growth 2014-2019
Table 3 Sales in Luxury Hotels by Country of Origin: % Value 2014-2019
Table 4 NBO Company Shares in Luxury Hotels: % Value 2014-2018
Table 5 LBN Brand Shares in Luxury Hotels: % Value 2015-2018
Table 6 Forecast Sales in Luxury Hotels: Value 2019-2024
Table 7 Forecast Sales in Luxury Hotels: % Value Growth 2019-2024

Luxury Goods in the Philippines - Industry Overview

EXECUTIVE SUMMARY

Men and millennials represent increasingly important consumer groups, customisation and exclusivity increasingly important

Easing of inflation stimulates growth, enables middle-income consumers to move upmarket

Market remains relatively fragmented, Kering sees notable improvement through performance of Gucci and Yves Saint Laurent

Luxury goods retailers expand into variety of locations, bricks and mortar remains king despite net-savvy consumer base

Economic stability, infrastructure developments and tourism market growth all set to underpin market’s future performance

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2014-2019

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2014-2019
Table 10 Sales of Luxury Goods by Category: % Value Growth 2014-2019
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2014-2019
Table 12 NBO Company Shares of Luxury Goods: % Value 2014-2018
Table 13 LBN Brand Shares of Luxury Goods: % Value 2015-2018
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2019
Table 15 Forecast Sales of Luxury Goods by Category: Value 2019-2024
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2019-2024

Megatrends

Country Report

Luxury Hotels in the Philippines

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

High level of internet use enables consumers to find luxury hotel bargains

Luxury hotels increasingly popular venues for a variety of events and short breaks

More luxury hotels set to open over forecast period, Manila represents a prime location due to nearby amenities

COMPETITIVE LANDSCAPE

Tourism industry’s growth attracts new players, leading player boosts profile through charity events

Strategic locations remain important, luxury hotels set to increase investment in promotions to attract new tourists

Middle-income consumers represent an increasingly important target segment, high-quality cuisine important to Filipino consumers

Overview

Why buy this report?

SAMPLES

Delivery

Overview

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Table of Contents

Luxury Hotels in the Philippines - Category analysis

HEADLINES

PROSPECTS

High level of internet use enables consumers to find luxury hotel bargains

Luxury hotels increasingly popular venues for a variety of events and short breaks

More luxury hotels set to open over forecast period, Manila represents a prime location due to nearby amenities

COMPETITIVE LANDSCAPE

Tourism industry’s growth attracts new players, leading player boosts profile through charity events

Strategic locations remain important, luxury hotels set to increase investment in promotions to attract new tourists

Middle-income consumers represent an increasingly important target segment, high-quality cuisine important to Filipino consumers

CATEGORY DATA

Luxury Goods in the Philippines - Industry Overview

EXECUTIVE SUMMARY

Men and millennials represent increasingly important consumer groups, customisation and exclusivity increasingly important

Easing of inflation stimulates growth, enables middle-income consumers to move upmarket

Market remains relatively fragmented, Kering sees notable improvement through performance of Gucci and Yves Saint Laurent

Luxury goods retailers expand into variety of locations, bricks and mortar remains king despite net-savvy consumer base

Economic stability, infrastructure developments and tourism market growth all set to underpin market’s future performance

MARKET INDICATORS

MARKET DATA

SOURCES

Why buy this report?

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