Philippine’s Megaworld expands hospitality nationwide
Six new hotels are scheduled to open within the next three years, according to Megaworld Corporation, one of the Philippines’ leading property developers. 2,000 more rooms will be added to its growing hospitality portfolio. This growth focuses on key tourism and business destinations nationwide. In a disclosure to the Philippine Stock Exchange on 20 May, the company announced that the new properties will be managed by its hospitality arm, Megaworld Hotels & Resorts.
Tourism growth context
Tourism in the country has remained strong in 2026. According to the Department of Tourism (DoT), it aims to reach more than 6.4 million international arrivals this year, following the 6.48 million recorded in 2025. Tourism contributes nearly 9 per cent of GDP and supports over 6.7 million jobs, underscoring its role as a driver of economic growth and regional development.
Upcoming developments
The planned hotels include ArcoVia Hotel in Pasig City, Savoy Capital Town in San Fernando, Pampanga, The Hamptons Hotel in Cavinti, Laguna, Paragua Sands Hotel and Savoy Hotel Palawan in San Vicente, Palawan, and The Kingsford in Bacolod City.
Megaworld President and CEO Lourdes T. Gutierrez-Alfonso said, “Our goal is to have more than 20 hotels and about 9,000 rooms by our 40th year. This expansion will unlock big opportunities and reinforce tourism as a catalyst for development and economic growth across the country.”
Flagship projects
The Paragua Sands Hotel and Savoy Hotel Palawan will rise within the 462-hectare Paragua Coastown development, offering more than 600 rooms combined. Meanwhile, the Hamptons Hotel will anchor a 300-hectare integrated lifestyle community in Laguna, developed by subsidiary Global-Estate Resorts Inc. Other projects include the 31-storey ArcoVia Hotel in Pasig and the 16-storey Savoy Capital Town in Pampanga.
Industry landscape
The Philippines currently ranks 69th out of 117 economies in tourism infrastructure, highlighting the need for stronger investment, according to analysts. Travellers are increasingly selective, requiring better coordination across transport, trade, and local governance. Growth must also extend beyond Metro Manila to destinations like Palawan, Cebu, and Bacolod to ensure inclusive development, according to media reports.
Megaworld recently launched the Chancellor Hotel Boracay, while Belmont Hotel Iloilo is set to open in the coming weeks. The Grand Westside Hotel will also be rebranded as Mövenpick Manila Bay Westside Hotel later this year.
According to Megaworld, it has generated PHP1.5 billion ($2.62 million) in hospitality revenues, an 8 per cent year-on-year increase. This underscores the sector’s growing contribution to its portfolio. Tourism and hospitality now account for nearly 20 per cent of the Philippine economy, garnering about $92 billion in GDP and supporting over 11 million jobs across the country, making the country ASEAN’s largest tourism economy in 2026.
Some hotels give you a room. These Michelin-selected stays give you a whole experience. ✨
— Tourism Philippines (@TourismPHL) May 15, 2026
From beautifully curated interiors to world-class hospitality, every corner is designed for travelers who appreciate the art of slowing down in style. Sophisticated, indulgent, and… pic.twitter.com/9tuSx5rTWu
Competitive outlook
The hospitality sector in the country is highly competitive. Over 12,000 hotel rooms are forecast to be built across 50 projects nationwide. Megaworld, along with other local developers, also faces competition from international brands such as Marriott, Hilton, Radisson, and Mandarin Oriental.
Additionally, domestic tourism and meeting, incentives, conferences, exhibitions (MICE) demand are key growth drivers. Meanwhile, destinations like Cebu, Boracay, Palawan, Bohol, and Siargao continue to perform strongly. Success, however, hinges on reliable airlift and competitive pricing compared with regional rivals such as Thailand and Vietnam.
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