The Market Monitor Minding the Nation's Business
Okada Manila has registered numbers that are even better than prepandemic figures barely a month after the reinstatement of Kazuo Okada as Chairman.
· Gross Gaming Revenues (GGR) posted an all time high this year of 44% ahead of budget, 4% ahead of June 2019;
· YTD Hotel and Room Revenues have posted an increase of 6% and 8% respectively, higher during the same period in 2019;
· F&B cash revenues have also been up 14.5% compared to the same period in 2019;
· Gaming daily visits are up by 1% month on month, already registering 81% of 2019 levels.
With the economy and borders opening up, OKADA MANILA is expected to sustain the momentum and become the fastest growing integrated resort in Entertainment City.
Employees’ Job Security & Benefits Assured by Top Management
And while the ousted Board of Hajime Tokuda continues spread lies to create discord and a feeling of uncertainty amongst Okada Manila employees, Chairman Okada and his group have assured the employees that their welfare comes first with the timely release of salaries, bonuses and other benefits.
Fake News Debunked, No Illegal and Violent Turnover Happened
To address the claims of the Tokuda camp that the turnover was illegal and violent and that Hajime Tokuda was “kidnapped” against his will, Chairman Okada’s group revealed a video that documented what really happened during the turnover, serving and execution of the Status Quo Ante Order. The video proves that the turnover was peaceful and respectful as the Kazuo Okada-led group entered the hotel’s premises. The Kazuo Okada group was only left with no recourse but to take action when the ousted Tokuda group illegally and forcefully attempted to re-enter the hotel and tried to stage a protest for the sole purpose of creating chaos and confusion within the hotel’s premises.
Reviving a Vision, Grand Plans for the Future Moving Forward
The unexpected ousting of Chairman Okada in 2017 created an unnecessary pause to the plans and efforts that he started. But his reinstatement has once again revived his vision and plans to make Okada Manila the most prestigious integrated resort in the Philippines. Chairman Okada’s immediate plan is to re-open the iconic Fountain. His team has been working non-stop to restore the neglected attraction to its former grandeur, and on July 17, 2022, Sunday, the Fountain will once again captivate and entertain Okada Manila’s customers and visitors. With local and international travelers coming out in droves once more, Chairman Okada’s team is working towards opening up more shops, F&B and entertainment options to add more attractions for Okada Manila’s ever increasing number of valued customers.
New Business Establishments to Open
As of May 2022, 33 permanent tenants have already been operational with 11 more are expected to open by August 2022. Among them are CHARRIOL, MICHAEL KORS, SHOE GAME MANILA, SEGNATEMPO, RELX, FIERY STYLE, COFFEE BEAN & TEA LEAF, NONO’S, PAVAROTTI FOOD STATION, HELL WINGS, ASIAN IMPLANTOLOGY & INTEGRATED DENTISTRY STUDIO, AND MED REPUBLIQUE PHARMACY.
A Growing Clientele with More Attractions To See and Experience at Okada Manila
Okada Manila’s June property traffic is on the uptrend and is 74% of 2019 levels. With average daily foot traffic increasing by 8% month on month, customers can now better enjoy their stay at Okada Manila as more stores are being opened and more services being offered for Okada Manila’s growing clientele.