After more than two years of steadfastly obeying restrictions aimed to control the spread of COVID-19, many people may feel they have lost time and opportunities doing what they usually do: to unwind and travel. Once the pandemic is over, many vowed to make up for lost time. This phenomenon is appropriately termed as revenge travel.
With the pandemic seemingly winding down into an endemic situation, that time for revenge travel is close at hand. Many governments are now easing up on their travel restrictions. Leisure property owners and managers are getting ready to receive excited tourists eager to travel.
Among Metro Manila’s favored destinations is Bonifacio Global City. One of the newest and most modern business districts in the country, BGC is a thriving corporate destination complete with a bustling expat community. In a span of a few years, BGC became the preferred address for corporate offices, luxury hotels and residences, government offices and embassies, and five-star entertainment centers.
International businesses with Philippine offices are surely getting ready for the return of a steady stream of arrivals from abroad. Expats, consultants, specialists and clients will start streaming on a regular basis. However, with the global economy still in recovery, many companies will start managing their travel budget and would prefer getting more value at a lower cost. This includes hotels and accommodations.
Enter Ridgewood Premier Hotel. Currently in full construction mode, management is certainly making up for the weeks it lost due to the pandemic. With a firm target to open next year, in 2023, this gives Ridgewood Premier Hotel more than enough time to complete not just construction, but also to apply the finishing touches on the interiors and furnishings. The timing will most likely coincide with the projected timetable for the world’s economic recovery from the pandemic.
Jobs recovery
The importance of recovery applies as well to the jobs situation, as the hotel’s incoming Chief Operating Officer, Marc Ngo, announced, “As a new player, Ridgewood Premier Hotel will create around 100 jobs in the service sector, from front office to F&B and housekeeping.” The jobs forecast is important, as the Travel & Tourism (T&T) sector, hotels in particular, was severely affected by the pandemic, with many jobs either lost or furloughed.
But why would the new wave of revenge travelers go for Ridgewood Premier Hotel? Given the higher cost of travel and other related expenses, companies and leisure travelers would prefer getting their money’s worth.
Ngo noted that the hotel hit it big location-wise. “With Ridgewood Premier Hotel’s favorable location, we can offer the best rates. It lies in BGC’s sweet spot, right between hotels that are too expensive and hotels that are too far. This means that many travelers, who are now cost-conscious given today’s economy, can always choose us as an option for better value.”
The hotel’s strategic location also provides business and leisure travellers easy access to Manila’s premier international airport, which is approximately 15 minutes away.
Strong earnings opportunity
Ridgewood Premier Hotel is giving investors the chance to ride the projected recovery of the T&T sector, and earn high returns in the future, by investing in the project now. The hotel project will occupy the 15th to 19th floors of Ridgewood Towers Premier along the main C5 Road, right across the British and Korean embassies.
It’s not yet too late to add Ridgewood Premier Hotel to your portfolio. Guaranteed returns of 6% per annum, and bonus incomes of up to another 6% p.a., depending on occupancy rates, make it an attractive offer. To learn more about how Ridgewood Premier Hotel can be your next great investment, please call us at (02) 8882-7995 or (0917) 808-4905.
