Business and Economy
Japan’s Hotel Okura to open luxury hotel in PH
MANILA — Travellers International Hotel Group, Inc. (TIHGI), owner and operator of Resorts World Manila (RWM), has sealed a deal with Japanese hospitality chain, Hotel Okura Co., Ltd. (Okura), to operate a 191-room luxury hotel targeted for soft opening by the fourth quarter of the year.
The Hotel Okura Manila, which is part of the country’s first integrated resort, will join the roster of RWM’s current portfolio of international hotel brands that include Marriott Hotel Manila, along with the soon-to-open Sheraton Manila Hotel and Hilton Manila.
Remington Hotel, RWM’s value for money offering, will soon be rebranded as Holiday Inn Express.
“The Philippines, especially Manila, is a very promising market considering the nation’s gross domestic product (GDP) and population size, both of which are growing fast. The local hotel business is benefiting from these and other favorable trends,” said Okura President Toshihiro Ogita.
“We will leverage the group’s expertise in traditional Japanese hospitality to make Hotel Okura Manila a much-beloved hotel among both local and foreign visitors,” he said.
Okura intends to expand its growing portfolio to 100 properties worldwide, with focus on Asia.
Okura has already announced to open Okura brand hotels in Cappadocia in 2019, Phnom Penh, Ho Chi Minh City and Yangon in 2020, and Taichung in 2021.
Hotel Okura Macau opened in 2011, followed by the opening of The Okura Prestige Bangkok and The Okura Prestige Taipei in 2012.