Travellers International Hotel Group Inc, which runs the Newport World Resorts casino and leisure complex in the Philippine capital Manila, reported core revenues of PHP7.69 billion (US$137.8 million) for the first quarter of 2025, up 7.8 percent from a year ago. It recorded a segment profit of PHP101.4 million, compared to PHP12.8 million a year earlier.
That was according to a Friday filing from the parent, Philippine conglomerate Alliance Global Group Inc.
Travellers International recorded a 42-percent year-on-year increase in earnings before interest, taxation, depreciation and amortisation (EBITDA) to PHP2.1 billion, underpinned by “intensified cost management efforts”, the parent said in a press release. The firm’s direct costs for the January-March 2025 period were down circa 2 percent year-on-year, to PHP4.1 billion.
Travellers International’s gross gaming revenue for the opening three months of 2025 rose by circa 6 percent to PHP7.9 billion, “on the back of a recovery in the VIP segment amid better hold rate,” Alliance Global stated.
The non-gaming segment recorded a year-on-year growth rate of approximately 4 percent, to PHP1.8 billion. Such performance was “driven mainly by the hectic domestic and international tourism which allowed for higher hotel occupancy rates and improved retail spending.”
In Friday’s filing, the parent said promotional expenses at Travellers International decreased by circa 3 percent year-on-year, to PHP2.1 billion “due to lower gaming points issued and reduced revenue sharing arrangements.”
Newport World Resorts currently has five international hotel brands: Marriott Manila Hotel, Sheraton Manila Hotel, Hilton Manila, Hotel Okura Manila, and Holiday Inn Express Manila. It offers a total of 2,742 guest rooms.
Occupancy rates across the five hotels “ranged from 85 percent to 95 percent,” Alliance Global stated, noting the range represented an improvement from a year earlier.
