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Learn moreJan 2021
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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.
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.
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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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:
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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.