Travellers International Hotel Group Inc., owner and operator of Newport World Resorts, increased its attributable net income by 80 percent year-on-year in the first half of 2026, as non-VIP gaming and non-gaming operations offset weaker VIP volumes.
Attributable net income rose to PHP568 million ($9.3 million) from PHP315 million ($5.1 million) in the same period last year.
Parent company Alliance Global Group, Inc. (AGI), which released the results on Friday, reported that Travellers’ EBITDA reached PHP4.4 billion ($71.7 million). Net revenue totaled PHP15.2 billion ($247.8 million).
AGI attributed the earnings improvement to cost efficiencies and a shift toward higher-margin revenue.
Non-VIP gross gaming revenue (GGR) increased 6 percent year-on-year to PHP9.6 billion ($156.5 million), partly supported by the growing contribution from Travellers’ digital gaming channels.
The increase helped offset a decline in VIP volumes, which AGI described as a more volatile part of the business.
“Our gaming business grew earnings even as the industry moved away from VIP play,” AGI President and Chief Executive Officer Kevin Tan said.
Non-gaming revenue rose 12 percent to PHP3.9 billion ($63.6 million), supported by higher hotel room rates and stronger food and beverage sales at Newport World Resorts.
Travellers expects additional capacity from Westside Resorts Manila and Narra Palm Resorts and Villas to come online later this year, according to AGI.
