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President Ferdinand Marcos Jr.

Katrina Domingo

ABS-CBN News

MANILA — President Ferdinand Marcos Jr. is looking forward to some 20,000 new jobs in the tourism sector as real estate company Megaworld opened its largest hotel and entertainment complex in Parañaque City on Saturday. Megaworld’s Grand Westside Hotel houses 1,500 rooms in its two 19-story towers that will be connected to a resort complex with a grand opera house and 3 other theaters. “With all these, we foresee not only the entry of more tourists but also the generation of more jobs, of new businesses, and of greater opportunity,” the President said during the opening of the said hotel. <div><a href="https://news.abs-cbn.com/business/2024/5/9/megaworld-net-income-climbs-10-pct-in-first-quarter-934" id="isPasted">Megaworld net income climbs 10 pct in first quarter </a></div>“[While] many have benefitted from the actual construction of these [properties], around 20,000 direct and indirect jobs will still be created throughout the operation of this hotel in the years to come,” he said. The private sector’s push to develop more tourism infrastructure alongside the government’s policies to “foster social cohesion and development” can “help empower the Filipino in ways that will allow them to contribute to our society and to enjoy themselves while doing that,” Marcos Jr. said. “Not only can we accommodate the resurging number of local and international tourists coming to this side of Metro Manila, but we can also expect our Entertainment City to become better known and even more distinguished, elevating its status to more potential visitors in the coming years,” he said. Megaworld seeks to double its hotel portfolio in the next 4-5 years, said Kevin Tan, president and chief executive officer of the Alliance Global Group. The Alliance Global Group so far employs 15,000 people in the tourism sector, and has 7,500 hotels across the country, he said. “We intend to double this portfolio in the next 4-5 years,” he added, noting that they have been developing meetings, incentives, conferences and exhibitions (MICE) centers in Boracay, Cebu, Batangas and Palawan. <div><a href="https://news.abs-cbn.com/business/2024/5/27/megaworld-unit-to-develop-beachfront-property-in-batangas-922" id="isPasted">Megaworld unit to develop beachfront property in Batangas </a> </div>The group will also develop something “up in the north soon,” Tan said. “Our group is complementing all of these by building hotels in different price points,” he said. “We believe that the combination of good infrastructure, hotels, MICE, entertainment, and the unique brand of Filipino service can truly make the Philippines a powerhouse for tourism,” he said. The tourism sector has contributed 8.6 percent to the Philippines’ gross domestic product in 2023, according to the President.

President Ferdinand Marcos Jr. is looking forward to some 20,000 new jobs in the tourism sector as real estate company Megaworld opened its largest hotel and entertainment complex in Parañaque City on Saturday.

President Ferdinand Marcos Jr. is looking forward to some 20,000 new jobs in the tourism sector as real estate company Megaworld opened its largest hotel and entertainment complex in Parañaque City on Saturday.

Marcos Jr. expects 20,000 fresh jobs as Megaworld seeks to double portfolio

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Marcos Jr. expects 20,000 fresh jobs as Megaworld seeks to double portfolio

Katrina Domingo,

ABS-CBN News

Published Jun 22, 2024 08:53 PM PHT

Read More:

Bongbong Marcos

Megaworld

Kevin Tan

Grand Westside Hotel

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