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EDGEDAVAO
VOL. 10 ISSUE 81 • TUESDAY, JULY 25, 2017
www.edgedavao.net
P 15.00 • 20 PAGES
Serving a seamless society
GLUED TO SONA. With her young son tucked, a mother watches the second State of the Nation Address (SONA) of President Duterte through a free viewing telecast by the city government of Davao at Rizal Park in Davao City on Monday. Lean Daval Jr
REBOUNDING Davao’s hotel industry picking up after initial losses By JIMMY K. LAKING
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avao City’s hotel industry, which took a beating in the initial 30 days of Martial Law, is on the rebound by registering 100% occupancy during the duration of the 4th Investments conference on July 21-22. “It triggered a continuing trend since then,” said Jen Namis,
assistant manager of PRIME, a leading commercial real estate consultancy �irm in the Philippines. PRIME founder Jet Yu said the hotel sector took the brunt of Proclamation 216 (mandating the implementation of Martial Law) when hotels reported a drop in
bookings and reservations. A breakdown showed seven big hotels in Davao City recorded loses worth P20.9Million in events and functions cancelled in the �irst 30 days of Martial Law. “But the situation has brightened up since then,” he said, adding that it was an understatement
to say it is business as usual. He said the approximate description is that business has been actually thriving under Martial Law. “Martial Law was a test of character and Davao City proved resilient,” said Namis.
REBOUNDING, 10
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