Travellers International Hotel Group Inc, operator of the Newport World Resorts casino and leisure complex in Manila, recorded a significant 21 percent quarter-on-quarter improvement in EBITDA to PHP2.5 billion ($44.6 million) in the second quarter of 2025.
The strong performance was driven by steady growth in mass business and effective cost management initiatives.
The Alliance Global Group Inc (AGI) subsidiary reported gross revenues of PHP9.2 billion ($164.3 million) for the quarter, with gross gaming revenues reaching PHP7.5 billion ($134 million) on the back of sustained growth in mass market gaming operations. Non-gaming revenues contributed PHP1.7 billion ($30.4 million) to the total, supported by stable hotel occupancy of 90 percent as the Newport World Resorts complex continued to attract healthy foot traffic.
‘Travellers significantly reduced its overall costs and expenses, beefing up its attributable income which grew by more than double QoQ to PHP217 million,’ the company stated in its press release.
The cost optimization efforts proved particularly effective during the period, with the company’s attributable income more than doubling quarter-on-quarter to PHP217 million ($3.87 million). This substantial improvement reflected management’s focus on operational efficiency across all business segments.
‘Travellers intends to continue with its cost management efforts to allow the company to further enhance its operating efficiency moving forward,’ according to the press release.
For the first half of 2025, Travellers demonstrated consistent performance with EBITDA growing 11 percent year-on-year to PHP4.5 billion ($80.4 million). Attributable income for the six-month period stood at PHP315 million ($5.6 million) on gross revenues of PHP18.9 billion ($337.5 million).
The robust performance comes amid a broader recovery in the Philippine tourism and leisure sector, with domestic spending showing resilience despite global economic uncertainties. Newport World Resorts, located in the Philippine capital Manila, has positioned itself as a key destination for both gaming and non-gaming entertainment, benefiting from increased demand for staycations and meetings, incentives, conferences, and exhibitions events.
Travellers International is part of the Andrew Tan-led Alliance Global Group conglomerate, which has diversified interests spanning real estate development through Megaworld Corporation, spirits manufacturing through Emperador Inc, and quick service restaurants through its stake in Golden Arches Development Corporation, known as McDonald’s Philippines.
The company’s strong second-quarter results contribute to Alliance Global Group’s overall positive performance in 2025, with the parent company reporting normalized attributable net profit growth of 23 percent year-on-year in the first half of the year.
