SMHCC EVP Peggy Angeles: Price increase is inevitable, especially because there are costs also that are rising, inflation—all of us are feeling it even from a personal perspective. I don’t think it is driving the tourists away because really, we’re not as expensive as Hong Kong or Singapore…. To me, the price increases, as long as it’s not a major jump as it is to cover the cost, or of labor, it all adds up, right?” #hotelrates #tourism #travel #Philippines #VirtusAwards

https://businessmirror.com.ph/2024/04/26/stakeholders-doubt-hotel-shortage-but-hike-in-room-rates-inevitable/

Stakeholders doubt hotel shortage, but hike in room rates ‘inevitable’ | Ma. Stella F. Arnaldo

STAKEHOLDERS in the hotel industry doubt a shortage of properties in their industry and believe more investors are confident in opening up new accommodation establishments. In an interview with the BusinessMirror, Hotel Sales and Management Association (HSMA) president Loleth So said, “We believe there will be no shortage in hotel…

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