Phl has 2nd largest share of branded residences in Asia
The Philippine Star|December 26, 2024
The Philippines has the second largest supply of branded residences in Asia, according to a Thailand-based hospitality consultancy firm.
By CATHERINE TALAVERA

In its Branded Residences Market Review, C9 Hotelworks said the Philippines has a market share of 17.3 percent in the supply of branded residences in the region.

The country follows Thailand, which registered a 23.3-percent share. South Korea came in third with an 11.6-percent share.

"Emerging markets such as Malaysia, Vietnam and India collectively account for 24.5 percent of the total market share," C9 Hotelworks said.

The report noted that Wyndham Hotels & Resorts leads total supply of branded residences with 10,941 units, followed by The Ascott Limited, the Banyan Group and Marriott International.

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