Travellers International Hotel Group, the joint venture between Alliance Global Group and Genting Hong Kong that operates Resorts World Manila (RWM), has expressed confidence in its future prospects at the company’s annual stockholders meeting following strong growth in 2018.
Having seen gross revenues grow 17% to Php24.7 billion – including GGR of Php20 billion and record non-gaming revenue of Php4.7 billion – last year, Travellers President and CEO Kingson Sian pointed to RWM’s rapidly growing hotel room inventory as aiding the property’s growth across all segments, with the recent opening of Hilton Manila in October 2018, Sheraton Manila Hotel in January 2019 and the upcoming opening of Hotel Okura Manila collectively adding 940 hotel rooms to the Grand Wing.
When complete this year, RWM’s new facilities will take the total number of hotel rooms to 3,555 – the most of any single property in the Philippines. RWM partially opened its new Grand Wing in 2018, which included the launch of new premium gaming space in the existing Garden Wing and Holiday Inn Express casinos.
“For the past two years, our efforts have been focused on rebuilding and expansion. That focus is reflected in our performance last year,” Sian said.
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