ASTORIA Hotels & Resorts (AHR) is investing P650 million to fund the expansion and upgrade of its Palawan hotel from an anticipated increase in occupancy rates in the next three years.
In a statement over the weekend, AHR Chief Operating Officer Vivian Ng said that the capital expenditure infusion was needed from growing tourist arrivals in Puerto Princesa, noting a 20-percent growth in occupancy rate in the next few years.
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