GO Hotel

JG Summit Holdings (JGS) will invest PhP6 billion for the construction of 30 budget hotels over the next four years to complement its budget airline business as the company anticipates robust tourism trade in the country.

JG Summit president and COO Lance Gokongwei described tourism as a natural third leg of the Philippine economy next to overseas Filipino workers and BPO.

The company has allocated PhP200 million for each of the planned 30 Go hotels to be strategically located in areas where its airline unit Cebu Pacific flies.