AGI anticipates Philippine tourism recovery, plans hotel expansion, MICE investment, and hospitality training.
Alliance Global Group (AGI) expects Philippine tourism and leisure to reach or surpass pre-pandemic levels. AGI President Kevin Tan plans to expand hotel room capacity to 12,000 in the next few years, invest in MICE activities, and develop hospitality training courses. AGI's capital expenditure for 2023 is at ₱75 billion, an 19% increase from ₱63 billion in 2022, with the majority allocated for Megaworld's real estate projects.
July 18, 2024
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