CEBU CITY, Philippines  – Even with the real estate growth in Cebu, buoyed by the increase of more condominium developments, an official of a Filipino chain hotel based here fears such rise will adversely affect the hotel industry.

“In the long run, we see the condominium market eating the market for our long-staying guests in the long run,” Cebu Parklane International Hotel General Manager Cenelyn Manguilimotan said during a press briefing last Wednesday.

According to Manguilimotan, long- staying guests of the hotels especially foreigners, averaging from two weeks to as much as six months to one year of occupancy, now have the option to purchase a condominium at affordable rates.

“Condominiums are not the direct competitors of hotels per se but in a couple of years, they will be getting a chunk of our long-staying guests,” she added.

During the term of former Tourism Secretary Ace Durano, the Department of Tourism launched a program to market the Philippines as a “Second Home Destination” for foreign tourists and expats.