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China group to build 28 hotels in the Philippines – Retail in Asia

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China group to build 28 hotels in the Philippines

The Philippines hopes to hitch a ride on the growing economy of China and partner with Chinese businessmen to develop the country’s local tourism industry, Finance Secretary Cesar Purisima said on Tuesday as he welcomed the plan of the Jinjiang International Hotel Investments Co. to build at least 28 budget hotels in the country in the next five years.

"We’d like to have cooperation in tourism to get a good share of that hundred million tourists coming out of China to go to the Philippines," Purisima said at the 2012 Philippine Investment Forum organised by Euromoney.

Purisima said the Aquino administration welcomes the plan of Jinjiang to build starting in 2013 at least 28 budget hotels in the Ortigas, Manila and Makati areas.