In 2014, Microtel stated it deliberate to enlarge its portfolio of 13 Microtel resorts to twenty-five through 2016.
At present, the company still has a total of thirteen Microtels across the u . S . A ..
Del Rosario admitted that the company has no longer carried out its target quantity of resorts, as it’s miles “cautious” about putting up resorts because of the range of players who’ve entered their market segment.
“We have selected to come to be careful and selective with our places and companions because we feel that one, we owe it to our stakeholders to have a feasible commercial enterprise,” del Rosario said. “Two, I should admit there’s a variety of opposition that’s developing. And quite a few them, even the large boys, have seen our marketplace phase and so that you have SM coming in with Park Inn, You have Robinsons coming in with Go Hotels, Ayala with their Seda. So we need to be careful also.”
Finance main blog 