Newly released market study: Lodging in the Philippines

Hotel occupancy rates remained constant compared to 2013 while average daily room rates increased by 15% in 2014. Hotel demand remains constant, largely due to foreign aid arrivals during the first half of 2014, a continuing trend from 2013, as well as an increase in foreign tourist arrivals. Average daily room rate growth slowed down compared to 2013, when there was an increase of 18% due to the sudden rise in foreign aid arrivals as a result of Typhoon Haiyan.

Industry Prospects

Hotels’ projected forecast period constant 2014 price value CAGR of 6% is significantly slower than the review period CAGR of 13%. Room rates are expected to decrease over the forecast period with the expected deluge in room supply. In addition, the growing number of budget chain hotel and mid-market hotels catering to both business and leisure travellers is also expected to affect the slowdown in value sales.

Full Report Details at
- http://www.fastmr.com/prod/1062949_lodging_philippines.aspx?afid=301

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Travel Accommodation 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 Travel Accommodation industry in Philippines, our research will save you time and money while empowering you to make informed, profitable decisions.

The Travel Accommodation 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 Travel Accommodation 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?

Reasons to Get 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

About Fast Market Research

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