MAKATI CITY — Makati is getting more hotel rooms just as tourism demand is rising. According to data from property consultancy Colliers, Metro Manila is adding 2,680 to 2,890 new hotel rooms in 2026, with over two-thirds of that new supply concentrated in Makati and the Bay Area. This represents a 0.6% increase in room inventory against an estimated 2% growth in tourism demand, which should support modest rate gains for hotel operators. The numbers suggest that developers see Makati as a safe bet for hospitality investment, even as other parts of Metro Manila struggle to attract new projects.
Makati's Position as a Business Hub Drives Demand
Makati’s status as the country’s premier business district continues to drive hotel demand. Corporate travel, MICE events, and international conferences regularly fill rooms in the city’s established hotels, creating a stable occupancy floor that newer districts cannot match. Colliers projects that hotel occupancy in Metro Manila will reach 68 percent in 2026. While international arrivals remain below pre-pandemic levels, domestic travelers have become the industry’s primary driver, and Makati remains a top choice for both business and leisure visitors.
Limited Supply Pipeline Supports Market Stability
From 2026 to 2029, Colliers forecasts an annual average completion of 1,800 rooms, with international brands accounting for 52 percent of the incoming inventory. High-profile openings scheduled for the near term include Canopy by Hilton (400 rooms) at One Ayala, the return of Mandarin Oriental (276 rooms) at Ayala Triangle Gardens, and Somerset Valero Makati, among others. The controlled delivery of new rooms, concentrated in high-demand areas like Makati, should help maintain occupancy levels and support room rates over the medium term.
A Vote of Confidence from Major Brands
The concentration of new hotel rooms in Makati represents a vote of confidence from major developers and international hotel brands. “Metro Manila is ripe for a fresh perspective on hospitality,” said Maria Ariizumi, Vice President for Development at Hilton. For tourists visiting Makati, more hotel options mean more choices, competitive pricing, and better availability—all of which enhance the overall visitor experience. As the Philippines continues to recover its tourism footing, Makati remains at the center of the country’s hospitality expansion.
