{
  "id": 3546717,
  "title": "Megaworld rolling out new hotel developments",
  "url": "https://urgent.news/2026/08/26/megaworld-rolling-out-new-hotel-developments",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-26T16:00:00.000Z",
  "source": {
    "name": "Philippine Star Business",
    "slug": "philippine-star-business",
    "url": "https://www.philstar.com/business/2026/08/27/2552004/megaworld-rolling-out-new-hotel-developments"
  },
  "original_language": "en",
  "account": "Manila, Philippines — Real estate conglomerate Megaworld Corp. is rapidly expanding its hospitality sector, with new hotel properties planned for opening in key tourist destinations over the next five to seven years. The company aims to achieve nearly 12,000 rooms by 2032, through new hotel developments and continued growth in major tourism and business hubs across the nation. Megaworld's strategy encompasses both locally-owned and international hotel brands.\n\nKevin Tan, president and CEO of Alliance Global Group Inc., Megaworld's parent company, emphasized the role of tourism as a significant driver of sustainable economic growth. He stated that each hotel constructed by the company generates jobs, bolsters local businesses, draws visitors to new places, and opens up additional opportunities for communities to thrive.\n\nIn addition to expanding its hotel portfolio, Megaworld is restructuring its hospitality business to better position itself for a larger, more global operation. The company has created Megaworld Global Hotels and Resorts to consolidate its growing hotel portfolio under two specialized units. The first unit, Megaworld Hotels and Resorts, will oversee the company's hotel projects in Metro Manila, Boracay, Batangas, and Cebu. Megaworld Global Hospitality will oversee Mövenpick Manila Bay Westside, Megaworld's largest hotel property, as well as the company's upcoming hotel projects in Palawan and three hotels in Iloilo.\n\nTo lead the new hospitality divisions, Megaworld has appointed experienced industry professionals. Socrates Alvaro will serve as managing director of Megaworld Hotels and Resorts, bringing extensive knowledge in homegrown hospitality. Meanwhile, Anna Vergara will lead Megaworld Global Hospitality, leveraging her expertise in global hotel standards and international brand management. Alvaro and Vergara's combined skills will foster the growth of the new organization, according to Megaworld's president and CEO, Lourdes Gutierrez Alfonso.\n\nAlfonso highlighted the company's commitment to bolstering the nation's tourism industry, particularly for international visitors. She emphasized that Megaworld's expansion is a strategic move to strengthen the country's tourism sector by working with seasoned veterans and innovators in the global hotels and leisure industry.",
  "summary": "Property giant Megaworld Corp. is accelerating its hospitality expansion, with new hotel properties set to open in key tourism areas over the next five to seven years.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}