New residential towers are in construction.
As in any city there are small and tall buildings. In
Davao you could count the number of
high-rise buildings at five fingers. Undeniably at the top was the "Marco
Polo Hotel" with 19 floors and a height of 65 meters. Then came - in the
amounts of hight - the "Landco Tower", the "Pryce Tower", the
"Grand Regal Hotel" and the "Pinnacle Hotel", which is still 51 meters high.
About 10 high-rise buildings are currently in construction .
Among those the "Abreeza Place Tower 1" with 27 floors and with 94
meters is probably the highest. And more are to come. In planning stage are
again 6 of these skyscrapers
The result is –according to my opinion - an oversupply of condos
and hotel rooms. Currently there are
about 47 hotels that are listed in the internet platforms. A spokesman for the
city government announced that about
8,000 hotel rooms are available in Davao and so
Davao is well prepared for large and international events.
On the other hand each manager of a hotel has to consider and anticipate how to get enough
guests. Nearly every hotel needs a minimal capacity of about 68% or more to make
a profit. And at such a surplus a
tourist will be happy : the prices will fall - I am sure, because the big conferences that should
bring the many guests are currently not yet in sight.
With best regards
Ludwig from Davao
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