Quantcast
Latest Stories

SM opens new SMX convention center in Davao

By

MANILA, Philippines–The SM Group of tycoon Henry Sy has opened a new convention center in Davao City, the SMX Convention Center Davao, in anticipation of strong demand for convention and special events space in the next few years.

A third convention center is set to open in Taguig in early 2013 under SM Hotels and Conventions Corp., currently the smallest but a fast-growing core business segment under flagship holding firm SM Investments Corp., SM announced on Monday.

SM Hotel’s portfolio of convention and exhibit venues also includes the Megatrade Hall in Megamall and the Cebu Trade Hall but this new space in Davao is the second under the SMX brand.

SMX Convention Center Davao, deemed as “the largest privately-owned and managed convention center in the southern Philippines,” has about 7,000 square meters in gross floor area and 5,240-square meter in leasable area. It leases out function rooms, meeting rooms and the lobby.

The new convention center is 2.5 kilometers from the Davao International Airport, 4-6 kilometers from the domestic and international seaports, and is within close proximity to several hotels, business areas, and tourist destinations.

“Additional convention centers are the SM group’s response to the projected increase in MICE (meetings, incentives, conventions and exhibitions) events over the next few years,” SM said.

The hotel and convention segment was set up by the SM group as its fifth core business unit in 2008-2009. This year, the unit has turned profitable, growing consolidated revenues grew by 37 percent over last year.

SMX in Mall of Asia has 24,000 sqms of leasable exhibit space while the third SMX which will open in Aura, Fort Bonifacio, next year will have 5,000 square meters gross floor area.

It was earlier reported that SM Hotels is investing around P7 billion to scale up its portfolio over the medium term, which will include its flagship luxury hotel that will rise within the Mall of Asia complex and five new Park Inn Hotels in various countryside locations across the Philippines.

The group has made plans to build a five-star 400-room hotel within Mall of Asia and also roll out five new Park Inn Hotels adjacent to selective SM Malls within the next six to seven years.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , convention center , Davao city , SM Group , smx

  • wawa2172

    Hope that Iligan city will have one of this convention center. My wife is teaching in one of the best universities in the country and it is situated in Iligan. However the peace and order situation will not allow it. So sorry na lang.



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Easterlies to prevail in Luzon, Visayas
  • Lacson eyes P106-B ‘Yolanda’ rehab masterplan
  • What Went Before: Malacañang allies alleged involvement in pork scam
  • Timeline: Napoles tell-all
  • 12 senators on Napoles ‘pork’ list, says Lacson
  • Sports

  • Mixers trim Aces; Painters repulse Bolts
  • Donaire junks Garcia as coach, taps father
  • ’Bye Ginebra: No heavy heart this time
  • UAAP board tackles new rules
  • Baguio climb to decide Le Tour de Filipinas
  • Lifestyle

  • No tourist draw, Malang the croc will remain wild
  • The best flavors of summer in one bite, and more
  • Homemade yogurt, bread blended with pizza, even ramen
  • Visiting chefs from Denmark get creative with ‘ube,’ ‘ buko,’ ‘calamansi,’ mangoes
  • Salted baked potatoes
  • Entertainment

  • Return of ‘Ibong Adarna’
  • Practical Phytos plans his future
  • In love … with acting
  • From prison to the peak of success
  • ‘Asedillo’ location thrives
  • Business

  • Apple increases stock buyback, will split stock
  • Cost-recovery provisions for affected gencos urged
  • This time, BIR goes after florists
  • Philippine Airlines to stop shipment of shark fins
  • PH banks not ready for Asean integration
  • Technology

  • No truth to viral no-visa ‘chronicles’
  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Opinion

  • Editorial cartoon, April 24, 2014
  • Talking to Janet
  • Respite
  • Bucket list
  • JPII in 1981: walking a tightrope
  • Global Nation

  • Filipinos in Middle East urged to get clearance before returning
  • PH seeks ‘clearer assurance’ from US
  • China and rivals sign naval pact to ease maritime tensions
  • What Went Before: Manila bus hostage crisis
  • Obama arrives in Tokyo, first stop of 4-nation tour
  • Marketplace