Global hospitality giant Accor plans to nearly triple its portfolio in the Philippines to 22 hotels within the next five years.
The group currently operates eight hotels with 2,127 rooms and is targeting 22 hotels by 2024.
It signed nine new properties this year, boosting its development pipeline to 14 comprising 3,400 new rooms.
These new hotels will see the debut of six new brands in the country – Pullman Living, MGallery, Swissôtel, Novotel Living, and Ibis Styles.
It currently operates hotels under the Raffles, Fairmont, Sofitel, Mövenpick, Novotel and Mercure brands.
"The Philippines is a market with great potential, and our recent signings underlines Accor’s long-term commitment," said Patrick Basset, Accor COO – Upper Southeast & Northeast Asia and the Maldives.
Accor says it has the largest pipeline in Asia Pacific and opens a new hotel every three days in the region.
