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Several American investors expressed interest in expanding to the Philippines after Finance Secretary Ralph Recto pitched the country as a prime investment destination.
“We currently have 12 hotels across six brands, but we’re expanding rapidly in the Philippines. And in our current signed pipeline, we have 16 new hotels. We’re planning to more than double our presence currently, which is just a very exciting time,” a Marriott International executive said. “We’re making a great investment in skills in the Philippines in partnership with DOLE, the labor authority, and TESDA, the technical education authority, and we’d like to see the government continue to focus on that area so we can continue to expand technology jobs in the Philippines,” the executive said.“It’s been an incredible partnership with your government and we’re thrilled with the announcement of the Luzon Corridor during the trilateral leaders summit last week.
Recto, in a presentation during the Philippine Dialogue on April 17, 2024 at The Ritz-Carlton in Washington D.C., made a strong case before American investors on the compelling reasons why they should continue expanding their operations in the country.
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