DESPITE spluttering international tourism arrivals, the Philippines is a star performer on the branded residence stage in Asia, recording second place in the region and drawing the attention of global luxury brands to the country.
As reported by C9 Hotelworks' Asia Branded Residences, a leading tourism and branded residences consultancy, there is a record-breaking supply value of $26.6 billion across the region, comprising 68,001 units in total. Thailand leads the market with a 23.3 percent share, followed by the Philippines (17.3 percent) and South Korea (11.6 percent). Emerging markets such as Malaysia, Vietnam and India collectively account for 24 percent of the total market share.
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