THE Philippine Hotel Owners Association (PHOA) said on Monday that inflation will be a challenge for the industry, which hopes to keep rates affordable and raise the value proposition of its offerings to retain customers.
November 21, 2022 | 8:24 pm
“We are happy with the performance of our hotels in the past 11 months this year. Certainly, occupancy rate and revenue for 2022 are much better than what we registered for 2021. This has been driven largely by travelers from the US, Canada, and the UK. We’re also cautiously optimistic about 2023. a lot of challenges but we remain hopeful that it will be better than 2022,” Mr. Bengzon said.
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