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Why budget hotels are growing in PH

ABS-CBN News

<figure class="op-interactive"><div id="IVS_ABS_Body_Video_1_Container"> <ivs-player id="IVS_ABS_Body_Video_1" data-ivs-spid="3001339" data-ivs-key="e8c22c015ca9eafa76f1e3edfa03c603" data-ivs-vid="1430647" data-ivs-floating="1"></ivs-player> <script src="https://player.ivideosmart.com/ivsplayer/v4/dist/js/iframe-parent.js"></script> <script src="https://player.ivideosmart.com/ivsplayer/v4/dist/js/loader.js"></script> </div></figure><div class="iwantbar">Watch more in <a href="~//www.iwantv.com.ph/">iWantv</a> or <a href="~//tfc.tv/">TFC.tv</a></div><p>MANILA -- Cost conscious millennials and inter-island travel are driving demand for budget hotels in the Philippines, according to a Southeast Asian chain hotel operator that is expanding in the country.</p><p>RedDoorz partners with local 3-star hotels with whom they offer profit-sharing agreements. The company is expanding in Metro Manila and is considering opening in Clark and Cebu, said its COO Rishabh Singhi.</p><p>The company will &quot;push RedDoorz at every relevant street corner of Metro Manila,&quot; Singhi told ANC&#x27;s Early Edition.</p><p>The Philippines is an &quot;obvious choice&quot; for budget hotels, since the tourism market is projected to quadruple in value to $4.5 billion by 2020 from $1.1 billion in 2015.</p>

<p>The Philippines is an "obvious choice" for budget hotels, since the tourism market is projected to quadruple in value to $4.5 billion by 2020 from $1.1 billion in 2015.</p>

The Philippines is an "obvious choice" for budget hotels, since the tourism market is projected to quadruple in value to $4.5 billion by 2020 from $1.1 billion in 2015.