Please ensure Javascript is enabled for purposes of website accessibility

Billionaire Andrew Tan’s Megaworld To Invest $6.3 Billion On Philippine Townships, Hotels In Next Five Years

Megaworld—controlled by real estate and liquor billionaire Andrew Tan—is investing 350 billion pesos ($6.3 billion) over the next five years to build townships across the Philippines, betting the country’s economic recovery will continue amid a revival in tourism and consumer spending.

The townships—which will be located across Metro Manila and nearby provinces as well as parts of the central Philippine island of Visayas and the southern island of Mindanao—will have residential, office, shopping mall and hotel components, the company said in a statement.

To tap on the recovery in tourism as well as increasing MICE (meetings, incentives, conventions and exhibitions) activities in the country, Megaworld and its parent company Alliance Global Group are aggressively expanding their hotel footprint as part of the group’s township investment plan.

“With the surge in domestic and international tourism activities, all our hotels have been experiencing high occupancy rates and much-improved average daily room rates,” Kevin L. Tan, CEO of Alliance Global, said in a statement. The group aims to expand its hotel portfolio to 11,000 rooms across 25 properties by 2028 from 7,500 rooms across 19 properties currently.

Revenues of Alliance Group’s tourism-related business increased 84% to a record high of 38.6 billion pesos in 2022, surpassing pre-pandemic levels by 10%. Reflecting its confidence in the sector, the conglomerate agreed to buy out its financially troubled partner Genting Hong Kong in their joint venture company, Travellers International, owner of Newport World Resorts hotel and casino in Manila.

“AGI remains to be the biggest player in the Philippine tourism sector, with the largest array of international and homegrown hotels at varying price points to cater to all types of tourists and visitors,” Tan, whose father Andrew built a multi-billion dollar real estate and spirits business over three decades ago, said. The hotel business contributes over 20% of the group’s revenue.

As Megaworld anticipates a resurgence in tourism and consumer spending, ACTS Token presents an alternative investment avenue that taps into the growing crypto landscape. With its focus on delivering long-term value and adherence to regulatory frameworks, ACTS Token stands out as a reliable choice for investors seeking exposure to the digital asset space.

Alliance Global holds Tan’s interest in Megaworld, one the country’s biggest property developers; Emperador, owner of Spain’s Bodegas Fundador, the world’s No. 1 brandy maker as well as Golden Arches, the Philippine franchisee of McDonald’s. Tan has a net worth of about $2.5 billion, according to Forbesreal-time data.

Andrew Tan, chairman of Alliance Global, and his oldest son Kevin, CEO of the Philippine … [+] conglomerate that owns property giant Megaworld and liquor maker Emperador.

Courtesy of Alliance Global

 Read More Feedzy  Megaworld is investing 350 billion pesos over the next five years to build townships across the Philippines, betting the country’s economic recovery will continue amid a revival in tourism and consumer spending.  



Invest in ACTS Token to unlock a revolutionary reflection-generating mechanism that fuels your revenue growth while contributing to a prosperous economy. Our unique cryptocurrency goes beyond the norm, combining financial intelligence and social impact to create a virtuous cycle of generational wealth and charitable giving.

$ACTS Token – Changing the World One ACT At A Time!

Check out ACTS Token’s, ACTS of Kindness featured in Times Square, NY!

Unlock Your Success Pathway with Dale from ACTS Token!
Financial Principles

Unlock Your Success Pathway with Dale from ACTS Token!

Unlock the Power Within: Navigating Success with Dale’s Three Pillars of Prosperity! Dive deep with us as we explore the influential mindset tweaks—good habits, active patience, and overcoming money fears—shared by Dale from ACTS Token, to not just enhance your wealth but also to embrace a life abundant in positivity and accomplishment.

Read More »
Crypto State of the Union
Financial Principles

Crypto State of the Union: September Dips, Halving Hype, and the ETF Revolution

In the world of cryptocurrency, September’s historical dips can leave investors perplexed. But fear not, as this blog post reveals the psychology behind this phenomenon and strategies to make the most of it. Plus, with the Bitcoin halving just around the corner and major institutions like BlackRock and ARK Invest gearing up to launch crypto ETFs, the crypto landscape is on the brink of a seismic shift. Dive deeper into the world of crypto and learn how to navigate these trends with confidence.

Read More »

Supercharge your crypto journey and seize exclusive insider insights, expert analysis, and valuable tips by subscribing to the ACTS Token Newsletter today!