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Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels in the Philippines

Jan 2021

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!

2020 IMPACT

Operators postpone new openings in 2020

Given the strong growth in sales for luxury hotels in 2019, many operators had planned new openings for 2020, largely focusing on offering high-class experiences to guests. However, the COVID-19 pandemic and related international and domestic restrictions on travel meant that many players were forced to postpone their plans, with some delaying openings until the third or fourth quarters of 2020, while others slipped their plans into 2021.

A perfect storm of events severely impacts luxury hotels

The Philippines tourist industry was characterised by a massive decline in the numbers of inbound tourists in 2020. The Philippines is located in the Pacific Ring of Fire and has some 53 volcanoes, some of which are ranked as the deadliest in the world in terms of fatalities and the level of destruction.

Filipinos repatriating quarantined in hotels

Many Filipino expatriates were either forced or chose to return home during the pandemic. The government mandated that these returnees must quarantine for a 17-day period.

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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

KEY DATA FINDINGS

2020 IMPACT

Operators postpone new openings in 2020

A perfect storm of events severely impacts luxury hotels

Filipinos repatriating quarantined in hotels

RECOVERY AND OPPORTUNITIES

Government stimulus and tax breaks likely to support luxury hotels

Airlines offer deep discounts to stimulate 2021 bookings

Luxury hotels also discount to encourage guests to return

CATEGORY DATA

Table 1 Sales in Luxury Hotels: Value 2015-2020
Table 2 Sales in Luxury Hotels: % Value Growth 2015-2020
Table 3 Sales in Luxury Hotels by Country of Origin: % Value 2015-2020
Table 4 NBO Company Shares in Luxury Hotels: % Value 2015-2019
Table 5 LBN Brand Shares in Luxury Hotels: % Value 2016-2019
Table 6 Forecast Sales in Luxury Hotels: Value 2020-2025
Table 7 Forecast Sales in Luxury Hotels: % Value Growth 2020-2025

Luxury Goods in the Philippines - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2015-2020

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2015-2020
Table 10 Sales of Luxury Goods by Category: % Value Growth 2015-2020
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
Table 12 NBO Company Shares of Luxury Goods: % Value 2015-2019
Table 13 LBN Brand Shares of Luxury Goods: % Value 2016-2019
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2020
Table 15 Forecast Sales of Luxury Goods by Category: Value 2020-2025
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025

Megatrends

Country Report

Luxury Hotels in the Philippines

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Operators postpone new openings in 2020

A perfect storm of events severely impacts luxury hotels

Filipinos repatriating quarantined in hotels

Overview

Why buy this report?

SAMPLES

Delivery

Overview

Want to find out more about this report?

Table of Contents

Luxury Hotels in the Philippines - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Operators postpone new openings in 2020

A perfect storm of events severely impacts luxury hotels

Filipinos repatriating quarantined in hotels

RECOVERY AND OPPORTUNITIES

Government stimulus and tax breaks likely to support luxury hotels

Airlines offer deep discounts to stimulate 2021 bookings

Luxury hotels also discount to encourage guests to return

CATEGORY DATA

Luxury Goods in the Philippines - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

MARKET DATA

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

SOURCES

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