MAJOR players in the Philippine hospitality industry remain optimistic despite challenges in recovering to pre-pandemic levels. This was revealed in the first Philippine Hotel Investment Outlook Survey, an initiative of Leechiu Property Consultants (LPC) and the Philippine Hotel Owners Association Inc. (PHOA).

Alfred Lay, LPC director for Hotels, Tourism and Leisure, and Benito Bengzon Jr., PHOA Inc. executive director, in their joint message in the report, said survey results showed 'a notably bullish sentiment among investors.'