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with a major presence in almost all sectors of the industry. Ayala Land believes that,
at present, there is no other single property company that has a significant
presence in all sectors of the property market. Ayala Land has different competitors
in each of its principal business lines. With respect to its mall business, Ayala Lands
main competitor is SM Prime whose focus on mall operations gives SM Prime some
edge over the Company in this line of business. Nevertheless, Ayala Land is able to
effectively compete for tenants primarily based on its ability to attract customers
which generally depends on the quality and location of its shopping centers, mix of
tenants, reputation as a developer, rental rates and other charges.
Hotels and Resorts currently operates 1,294 hotel rooms from its internationally
branded segment; Hotel InterContinental Manila, Cebu City Marriott, Fairmont Hotel
and Raffles Residences Makati and Holiday Inn & Suites Makati, 203 island resort
rooms from El Nido Resorts in Lagen, Miniloc, Apulit and Pangulasian Islands in the
province of Palawan and 665 rooms from its Seda Hotels located in Bonifacio Global
City, Centrio Cagayan de Oro, Abreeza Davao which all opened in 2013, and the
Seda Nuvali Hotel which opened in March 2014. Revenues of the Hotels and Resorts
business grew by 40% to P5.62 billion in 2014 from P4.02 billion in 2013, primarily
driven by improved performance of new hotels and resorts. Revenue per Available
Room (REVPAR) for hotels was at P3,831, higher by 26% versus 2013 levels due to
improved occupancy and room rates at Holiday Inn, Fairmont Hotel and Raffles
Residences and the Seda Hotels. REVPAR for resorts improved by 18% year-on-year
to P6,706 owing to improved occupancy across all resorts. EBITDA margins for
Hotels
and
Resorts
increased
to
29%
from
20%.
http://ir.ayalaland.com.ph/uploads/files/ALI%2017A%20Complete%20File%20April
%2015.pdf
Business units:
Parent Company - represents operations of the Company including, among others,
its financing entities such as ACIFL and AYCFL; plus results of operations of start-up
companies in power generation, transport infrastructure and education.
Real estate and hotels - planning and development of large-scale fully
integrated residential and commercial communities; development and sale
of residential, leisure and commercial lots and the development and
leasing of retail and office space and land in these communities;
construction and sale of residential condominiums and office buildings;
development of industrial and business parks; development and sale of
upper middle-income and affordable housing; strategic land bank
management; hotel, cinema and theater operations; and construction and
property management.