Thai hotel developer, Erawan Group PLC., is planning to build up to 15 budget hotels in the Philippines over the next five years.
Kamonwan Wipulakorn, president of the Erawan Group, said the company is spending over P4 billion over the period to set up these hotels in Manila, Cebu and Davao.
“We would like to have around 10 hotels in Manila, two hotels in Cebu, and we also looking at Davao,” Wipulakorn revealed. The company is slated to open three more hotels—one in ASEANA, a site in Alabang and one in Tomas Morato in Quezon City, next year. Currently, Erawan Group has two Hop Inn Hotels in the Philippines—one in Ermita in Manila and the other one is located in Makati.
Wipulakorn said her company is optimistic about its operations in the Philippines because of its robust domestic economy, and growing tourism industry.
Erawan has a diversified hotel portfolio from luxury to midscale, economy and budget segments across the Association of Southeast Asian region.