HOTEL of Asia Inc., a subsidiary of listed developer DoubleDragon Properties Corp. has doubled its original 2020 expansion goal from 1,000 to 2,000 JinJiang Inn branded hotel rooms in the Philippines, raising the estimated value of its investment to P6.6 billion pesos ($136 million), an outcome of the company’s recent talks in China during the state visit of President Rodrigo Duterte, it said in a disclosure to the Philippine Stock Exchange.

The accelerated expansion aim is in anticipation of the expected surge in Chinese business activities and tourists in the Philippines, the company said.