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The Hotel Industry in Cagayan de Oro City
Transcript of The Hotel Industry in Cagayan de Oro City
Cagayan de Oro City
Result and Discussion
Porter’s Five Factor Model
The Hotel Industry is considered as one of the service industries which contributes and is vital for the improvement of tourism here at the city of Cagayan de Oro.
In this paper, we study the industry of Hotels, Inns and Suites that are located within Cagayan de Oro City; however, we only chose and include in the study those hotels that respond to our survey we conducted.
Thus, there are eighteen hotel establishments that were considered as accredited hotels by the Department of Tourism-Cagayan de Oro (this are hotels who undergone and passed the rules and regulations and processes for accreditation of accommodation establishment ).
We also get a sample size from the non-accredited (this are hotels who undergone and but did not passed the rules and regulations and processes for accreditation of accommodation establishment handled by the Department of Tourism).
To analyze Hotel Industry in Cagayan de Oro City. Specifically, it aims to know the top eight/four of those hotel/inn/suite establishments using concentration ratio
To analyze the Hotel Industry using Porter’s Five Factor Model
Table 1: Estimated Annual Revenue and Number of Person Accommodated of Hotels/Inns/Suites in Cagayan de Oro City
Table 2: The Top Four and Eight Largest Hotels in Cagayan de Oro City based on their Estimated Percentage (%) Share in the Hotel Industry
Table 2-a: Four Largest Hotel Firms
Table 2-b: Eight Largest Hotel Firms
Threats of New Entrants
Threats of Substitute Products
Based on Jim Harvey's speech structures
Our country, Philippines is known to be a very hospitable country in terms of tourism. Every month and year, there are millions of tourist visits our country. The city of Cagayan de Oro is one of those places which tourists visit and because it is one of the arrival area for most travellers going for different tourists spots in Mindanao, a large amount of travellers is always expected in the city. Thus, different kinds of facilities where build around the city offering different kinds of entertainment, comfort and security like the hotel industry.
Figure 3: Percentage (%) of the Different Facilities Existing in an Accredited and Non-accredited Hotels/Inns/Suites in Cagayan de Oro.
Figure 4: Combined Percentage (%) of the Different Facilities Exist in Hotels/Inns/Suites in Cagayan de Oro
Figure 5: Estimated Number of Accredited and Non- accredited Hotels in Cagayan de Oro
Figure 6: Estimated Percentage of Growth Rate of Accredited Hotels in Cagayan de Oro
Table 3: Number of Tourist Arrivals in Region X, Northern Mindanao
Source: Department of Tourism, Region X
Figure 7: Percent Distribution of Tourist Arrivals by Province of Region X, Northern Mindanao
Ibanez, A., Jomoc, J., Ruiz, E., Rancho, S., Roxas, J., Mercado, R., Cabiladas, J.