4,000 hotel rooms under design or construction during 4Q23

Nearly 4,000 hotel rooms were either within the design or construction phase during the fourth quarter of last year, the Land and Urban Construction Bureau (DSSCU) announced in a statement yesterday.

According to the bureau, 14 hotel projects were either being designed or constructed during this quarter. There were equal numbers of projects in each category. As for the number of rooms, 3,105 were being built and 851 were being designed, amounting to about 179,000 sqm. of gross room area. The 14 projects will create 1,145 and 317 spaces for motor cars and motorcycles respectively.

The whole year saw seven new hotels constructed, adding 1,792 rooms or equivalent to about 157,000 sqm. in room spaces to the city.

As for residential projects, during the same quarter, two projects had their licenses for usage approved, equating to 14 units. Neither project includes parking spaces.

There were 48 projects under construction with 10 concluded. The former will see 2,286 units and 1,595 parking spaces built in total. The latter, on the other hand, feature 322 units and 105 parking spaces. Some 91 projects are under design phase and include a proposed 6,415 units and 4,668 parking spaces.

Throughout the whole year 183 residential projects were approved for use, with no parking spaces. AL