DESPITE lower occupancy rates in the first half of the year, prospects for the Philippine hotel industry remain rosy, as developers go on with their hotel expansion plans for the next five years, said Pinnacle Real Estate Consulting Services Inc.
In its latest Market Insi ght report released on Monday, Pinnacle said hotel occupancy rates in Manila slipped to an average of 68 percent from January to June, 1.68 percentage points lower than last year.
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