Philippines: Ayala Hospitality bullish on resort development

Philippines: Ayala Hospitality bullish on resort development

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AyalaLand Hotels and Resorts Corp plans to develop more resorts as part of a target to offer as many as 4,000 rooms in two years, a top company official said late last week.

“We have other resort developments being planned and, at some point within this year, we will disclose more details on these,” Jose Emmanuel H. Jalandoni, president of AyalaLand Hotels and Resorts Corp., said in an interview last Friday on the sidelines of a briefing at Raffles Makati when asked about the unit’s expansion plans this year.

When asked for the locations of the planned new resorts, Mr. Jalandoni replied: “They will be all over: Mindanao, Luzon, Visayas.”

“We continue to grow this business because we believe in the tourism potential of the country,” Mr. Jalandoni said.

The government is pushing tourism, but at the same time we find there is a need for more products to be out in the market.”

Ayala Land is a property company that is involved largely in residential and commercial developments. But it has also ventured into hotels and leisure-type projects via AyalaLand Hotels and Resorts.

So far, the Ayala Land unit has developed El Nido Resorts, an island resort complex in El Nido, Palawan, consisting of the Lagen, Milinoc, Apulit and Pangulasian Island Resorts.

“We have just opened Pangulasian. We soft-opened in last quarter of 2012,” Mr. Jalandoni said.

“It’s doing quite well, and we’re very happy with the development and the guests are very happy too.”

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