How Megaworld is Boosting Philippine Tourism with ₱1.48B Suntrust Divestment

The Philippines is ready for a tourism boom, and Megaworld is at the center of it. With its recent divestment in Suntrust Resort, the developer is helping open doors for more international travelers and bigger, bolder travel experiences across the country. Airlines and resorts are already gearing up for the influx, and tourists stand to gain the most. Megaworld’s Suntrust divestment is part of this strategic move.

Megaworld Divests ₱1.48B Stake in Suntrust Resort: Opening Opportunities

By divesting its ₱1.48B stake in Suntrust Resort, Megaworld can now focus on its core real estate projects while allowing Suntrust Resort Holdings Inc. to accelerate its integrated resort developments, such as the Westside City Integrated Resort in Parañaque. Megaworld’s Suntrust divestment is paving the way for the Philippines to attract high-spending tourists from key markets like the U.S., Japan, South Korea, and China.

Airlines Ready to Meet the Surge

International carriers are already responding to the expected influx of tourists:

• Emirates has expanded flights from Dubai to Manila and plans to increase capacity as demand grows from Europe and the Middle East.
• Korean Air continues to connect Manila, Cebu, and other key destinations with direct flights, catering to the strong South Korean market.
• Cathay Pacific strengthens links to Hong Kong and mainland China, serving leisure and casino tourists traveling to integrated resorts.

Local carriers, including Philippine Airlines, Cebu Pacific, and AirAsia, are also expanding routes and flight frequencies to ensure international visitors can access the Philippines conveniently, complementing Megaworld’s Suntrust divestment efforts.

Luxury Resorts and Integrated Developments

The hospitality sector is preparing for a wave of high-spending tourists. Integrated resorts like Westside City are redefining luxury travel by combining hotels, casinos, shopping malls, fine dining, theaters, and cultural venues in one destination.

Global hotel chains such as Shangri-La, Marriott, Hilton, and Sofitel continue to expand across Manila, Cebu, and other prime locations. With the hotel sector projected to grow from USD 7.65 billion in 2025 to USD 10.95 billion by 2030, integrated resorts will remain a key driver of this boom.

The Philippines: A Diverse Travel Destination

Beyond resorts, the Philippines offers world-class beaches like Boracay, Palawan, and Siargao, as well as a rich cultural heritage in Manila and vibrant local festivals. MICE tourism is also growing, with venues like SMX Convention Center and World Trade Center Manila. Travelers now have more diverse options for leisure, adventure, and business.

Philippine Tourism on the Rise

Megaworld’s move with Suntrust is more than business—it’s a signal that Philippine tourism is leveling up. Airlines are expanding, resorts are upgrading, and international visitors have more reasons than ever to book their next trip. The Philippines is ready to welcome the world, and the Megaworld-Suntrust partnership is helping lead the way.

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