Aon and Munich Re have launched a new pandemic cover aimed at protecting hospitality businesses in Indonesia and the Philippines. The initiative addresses the growing need for specialized insurance options in regions heavily reliant on tourism and business travel.

Sowell Financial Services LLC expanded its investment in Braemar Hotels & Resorts by 12.8% during the second quarter, bringing its total shares to 71,171. This move reflects a $174,000 stake in the NYSE-listed hospitality firm.

Across Metro Manila, international hotel brands are multiplying at a striking pace, driven by new infrastructure and local demand. Yet this expansion comes at a time when foreign tourist arrivals are on the decline, underscoring a paradox in the Philippine hospitality sector.