As we all know Ayala is one of the world’s largest leading company in hospitality business. The Ayala group has recently established a new company. it’s called Greenhaven Property Ventures, with the total initial capitalization of P850 million. Greenhaven, as it written on the documents filed with the securities and exchange commission, will purchase, develop, [...]

THE Philippines posted a record 13,939 rooms last year, a 9.9-percent increase from the 12,683 recorded in year earlier, Trent M. Frankum, general manager of CB Richard Ellis Philippines, Inc. (CBRE) said.
But Frankum also said these additional hotel rooms are not enough to meet the growing demand for more rooms.
Citing the reports of the Philippine [...]

China’s luxury hotel market is growing - thanks to increasing affluence in the country and an influx of high-end corporate travellers.
And one company that is tapping into this market is Raffles Hotels and Resorts.
Raffles recently launched its flagship property in China and is already planning for more such hotels.
Raffles Hotels and Resorts has just refurbished [...]