Industry experts project that the local hospitality business is expected to grow in the coming years. The Department of Tourism forecasts tourist arrivals in 2020 to continue to be on the upswing, as the number of visitors to the country from January to April this year rose by 8.15 percent to 223 million. Likewise, the local market is also expanding, driving the development of local tourism.
In fact, investments in travel and tourism are expected to reach P164 billion in 2028. Likewise, the expected number of visitors to the country by 2028 will reach P665 billion, projected to bring in P6.28 trillion to the hospitality industry.
Merril Yu, special consultant and advisor of Hotel Suppliers Show, the gateway for global brands and manufacturers to connect people in the hospitality industry for the past decade, said the opportunity to gather suppliers and buyers cuts down on the time to connect with each company on a personal basis.
Last year, the Hotel Suppliers Show had 13,226 trade visitors and 270 participating brands. This year, the event is set to occupy a bigger floor area and showcase more trusted suppliers for the different sectors of the hospitality industry.
In the 10 years that Hotel Suppliers Show has been running, its growth indicates its importance to the local hospitality. Apart from being just a sourcing event, a number of technical seminars and learning sessions are a must-attend for industry professionals. These include the National Building and Property Management Summit, Hospitality Management Essentials Seminar, and Building Green Hospitality Forum.