Travellers International Q2 sees income double
The Newport World Resorts owner and operator unveiled a Q2 GGR of PHP 7.5bn ($130m).
Key points:
– Travellers International has released its Q2 financials
– Income has doubled in comparison to Q1, with EBITDA also subject to a quarterly rise of 21%
– During the quarter, Newport World Resorts’ hotel occupancy remained at 90%
Operator Travellers International Hotel Group has unveiled a Q2 income of PHP 217m, a figure more than double that of the number reported during this year’s first quarter.
Overall, the Newport World Resorts owner and operator reported a revenue of PHP 9.2bn, PHP 7.5bn of which was attributable to gaming operations – down from the PHP 7.9bn reported during this year’s initial quarter. Intriguingly, despite a declining GGR quarter-over-quarter, company EBITDA has risen by 21% to total PHP 2.5bn during Q2 2025, with H1 2025 EBITDA also experiencing an 11% upswing in comparison to results from the year prior.
Regarding Newport World Resorts, specifically, hotel occupancy stood at 90% during the second quarter of 2025. Elsewhere, Travellers International parent company Alliance Global Group Inc. (AGI) unveiled a 39% year-on-year jump in net income to PHP 19.2bn over the course of the first half of this calendar year.
Speaking on these latest results, AGI President and CEO, Kevin L Tan, said: “AGI delivered strong results in the first half of the year, benefitting from a buoyant domestic economy despite ongoing global uncertainty. Our Group took advantage of pockets of opportunities in the market to boost our residential and retail sales, as well as our office take-up. Our tourism and leisure segments also enjoyed increased activities and occupancy, tapping into the increasing demand for staycations and MICE events.
“Even our spirits segment sustained its recovery in sales, a testament to the strength of its brands that have been expanding their presence in the local and international markets. Our strong performance was also accompanied by ongoing cost-efficiency measures, which we implemented across all our business segments. By managing our costs, we hope to enhance our operating leverage to ensure a more robust growth in profit as the economy further recovers.”
Good to know: Earlier this week, Newport World appointed Wee Li Chua as its new Chief Digital and Customer Experience Officer
Indeed, in the wake of AGI’s denial of a suspected scandal leading to an executive leadership overhaul last summer, Newport World Resorts announced the appointment of a new CFO in Lawrence Hawke – who joined the property from Hoiana Resort in Da Nang, Vietnam. Conversely, last month, ex-Newport Executive, David Jorden, joined Hoiana Resorts as the new Head of Gaming.
Elsewhere, in May, Newport World Resorts also announced the upgrading of its online platform amidst a recent surge in Philippine online gaming activity. Also releasing its quarterly financials this week was Philippine hotel and casino operator Bloomberry, which unveiled a Q2 revenue of PHP 14.2bn, up 1% year-on-year.
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