NEW World Hotels & Resorts is raising its profile in the Philippines with the takeover and rebranding of Hyatt Regency Hotel & Casino, which will become New World Manila Bay Hotel.
Symon Bridle, COO of Rosewood Hotel Group, the parent company of New World Hotels & Resorts, said: “We will continue to build on the current hotel’s good business base when we take over. The business will likely be around 70 per cent FITs, both corporate and leisure, while MICE will make up the remainder.”
“Next year looks very positive for Manila with some key events and continued stability. We are looking at similar occupancies to this year at the property, with a measured rate growth,” Bridle added.
Casino operations will remain under third-party control. To minimise possible disruption to guests and continue building on their existing reputations, restaurants will retain their current names.
Hong Kong-based New World Hotels & Resorts also operates New World Makati Hotel in the Makati CBD and is eyeing “expansion opportunities in the resort sector as well as in key cities such as Cebu and Davao”, said Bridle.
He remarked that the Philippines is a key market for the company due to its “encouraging growth prospects”.
