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What could be a threats for Shangri-la hotel in the Philippines, related to Philippines Economic trends...

What could be a threats for Shangri-la hotel in the Philippines, related to Philippines Economic trends nowadays.

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The economy of Philippines is currently transforming from one based on agriculture to a more service and manufacturing oriented. The growth rate has been quite higher among all the major economies in the Asian continent and this has increased the Occupancy rate in various hotels. With a large number of expected casinos to be made elsewhere in the country due to higher growth of tourism, there is a threat that because of increased supply of hotels and casinos Shangri La hotel in Philippines would not be able to attract enough tourists. Therefore strong competition is the threat that the hotel is experiencing nowadays.

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