Welcome For over 65 years, Dusit International has been synonymous with world-class hospitality, delivered with the iconic touches of service and artistry of Thailand. From pioneering hospitality and education to leading development in emerging destinations, Dusit International offers an encompassing range of hotel, resort, spa and educational experiences. Today, each Dusit brand endeavours to create a personalised welcome under the brand promise that started it all: the delivery of an experience that enlivens the individual spirit, no matter the journey. The first in the region, Dusit Thani Residences Davao is set to reinvigorate the Davao landscape, and improve local tourism.
2
CONTENT : I. Global Outlook II. Rising Trends in Tourism and Luxury III. Davao: The New Frontier IV. A Sound Investment
3
4
Fastest Growing Economy in the World We are one of the top 5 fastest-growing economies in the world. Goldman Sachs estimates that by 2050, we would be the 14th largest economy in the world. At the rate we're going, HSBC reported that the Philippines will be the 5th largest economy in Asia, and the largest in the ASEAN region, come 2050.
Tourism Industry on a Rapid Rise The APAC region recorded the strongest growth with a 6% increase in arrivals. The domestic tourism market alone contributes 59% to our country's GDP, cites a report by the Central Intelligence Agency.
5
Demand for Hotels Outweighs Supply
The Philippines is host to over 600 UHNWI, bringing up the demand for luxury in the country. With only a handful of small luxury resorts, and only 10 internationally-branded 5-star hotels in the country, the lack in supply of luxury accommodations has become apparent over the years.
6
Tourism Industry on a Steady Climb
In 2014, the Philippines bagged the Destination of the Year Award from TTG, Asia-Pacific’s most prestigious award gizving body for the travel industry. With over 4 million tourist arrivals in 2014—more than 200% increase in a decade.
High Local Demand for Luxury
According to the World Bank, along with the expansion of the Philippines’ gross domestic product (GDP), came the rise in the purchasing power of Filipino consumers. It has become apparent that the local market is primed for spending on luxury goods and demands the best value for their money.
7
Davao: The New Frontier
D
avao city's local economy has been growing at a steady rate for the last five years and is showing no signs of slowing down. According to the city's economic brief, "investents nearly doubled as infrastructures and buildings arose throughout the 2012." Likewise, industies like tourism grew, offering new business activities and opportunities for the city as a whole.
8
The survival rate of businesses has been steadily increasing since 2009 with 85% as an average. This is sustained by the monumental increase in domestic and foreign tourists entering the city. A major driver of growth for Davao City is the influx of new businesses in the metro. Major investment into information technology and business process outsourcing by foreign corporations, continue to propel the region's GRDP upward, making it the strongest economy in the region.
Key to investor confidence is the economic stability of the province and physical security of their investments. Davao City is recognized as one of the safest cities in the world, making it attractive to foreign and domestic investors. More and more expatriates look at Davao City as their home of choice. With a clear market demand for luxury hotels and residences, Dusit is poised to take the city by storm.
A Sound Investment Dusit Thani Residences enjoys a unique position as the premier interantionallybranded luxury residence in the city. As a heritage brand known for its exceptional service and impecabble luxury, Dusit Thani Residences Davao will be the new standard for luxury residential living. At Dusit we believe that several conditions have to be met to create a highly profitable real estate product: 1. A highly experienced & focused management team, 2. A proven system that delivers cash in your pocket, 3. Year-round property maintenance, 4. Strong branding to maintain and accelerate your asset’s value. Having these as the backbone of your investment, will allow you to profit significantly and without worry.
9
Get In Touch
Unit 1A, Lanang Business Park, J.P. Laurel Avenue, Lanang, Davao City Contact: +63 82 23-DUSIT (38748) Email:contact@dtrdavao.com