DoubleDragon officially topped off the 548-room Hotel101-Cebu Mactan Airport on October 10, 2024, marking the completion of the building’s structure and topmost floor. This milestone brings the project closer to its goal of contributing to Hotel101-Global’s ambitious plan of operating one million Hotel101 rooms worldwide by 2050. Of this target, 50,000 rooms will be located in the Philippines, further solidifying Hotel101’s position as the largest hotel chain in the country and propelling it to become one of the top five hotel companies globally.
All 548 rooms of Hotel101-Cebu Mactan Airport have already been pre-sold, a testament to the growing demand for Hotel101’s innovative offerings. Upon completion, it will be the largest airport hotel in the Visayas and Mindanao regions, strategically situated on a 5,493-square-meter prime commercial lot along the Cebu Mactan Airport Terminal Road, near Mactan Marina Mall.
With Hotel101–Cebu Mactan Airport as a new addition to Hotel101’s operating recurring revenue-generating hotel inventory, Hotel101 will also have additional strategic seeds in place towards its near-term goal of becoming the top-of-mind branded hotel chain in the country and eventually, in other parts of the world.
The next major milestone will be the hotel’s opening, anticipated in the first half of 2025. It follows the upcoming launch of the 519-room Hotel101-Davao, with both projects adding more than 1,000 rooms to Hotel101’s operating inventory. In addition, several other Hotel101 projects are currently under development across the Philippines and abroad.
One of the key features of Hotel101 is its dynamic pricing model, which adjusts room rates in real-time based on supply and demand, similar to how airline tickets are priced. This approach, combined with the brand’s asset-light business model, allows DoubleDragon to generate revenue from pre-selling units as well as from long-term hotel operations.
As DoubleDragon looks toward 2024, the company’s total equity is expected to surpass Php100 billion for the first time, placing it among a select few Philippine companies to reach the 12-digit equity level. This achievement is supported by a diverse portfolio of hard assets, including office spaces like Jollibee Tower and DoubleDragon Plaza, CityMall community centers, CentralHub warehouse complexes, and Hotel101 developments both domestically and internationally.
With a clear vision for the future, DoubleDragon aims to establish Hotel101 as a truly global brand, bringing pride to the Philippines and contributing significantly to the country’s economy through US dollar inflows from international operations.
DoubleDragon’s growing portfolio of properties underscores its dedication to long-term value creation, both for its shareholders and the broader Philippine economy. It is committed to putting in the necessary hard work, entrepreneurial grit, and perseverance towards this vision and eventually aims to make Hotel101 a truly global brand operating in various jurisdictions worldwide, and eventually bring a pinch of pride and honor to Filipinos globally.
