MAKATI CITY — Ayala Land Inc. is placing greater emphasis on income-generating properties as it strengthens its business portfolio, with its retail, office, and hospitality developments contributing to a more diversified revenue base. The strategy is reflected in the company's latest nine-month 2026 operating results, which showed continued growth in its leasing and hospitality businesses despite challenges affecting the property sector. In Makati, this direction is particularly evident through its commercial properties, including Glorietta and Greenbelt, alongside its growing hotel portfolio. The company's approach highlights the importance of maintaining and improving established developments while creating more consistent business activity across the city's major commercial districts.
Retail and Hospitality Drive Portfolio Expansion
Ayala Land's latest financial disclosure showed that its leasing and hospitality operations recorded an 8% increase in revenues during the first nine months of 2026, reaching PHP37.8 billion, with these businesses accounting for a larger portion of its real estate revenues than in the previous year. Its shopping center operations benefited from stronger merchant sales and improvements to existing flagship properties, while the hospitality segment gained from renovated hotels and improved operations. In Makati, the ongoing development of these income-generating assets includes the reinvention of Glorietta and Greenbelt, which aims to improve the shopping experience and strengthen their appeal to customers and commercial tenants. These developments demonstrate how established retail destinations can continue evolving to meet changing consumer preferences while supporting business activity within the central business district.
Makati's Hospitality Sector Adds to Long-Term Growth
The company's hospitality investments also contribute to its strategy of expanding revenue sources through established and upcoming properties in Makati. New World Makati forms part of its hotel portfolio, while the upcoming return of Mandarin Oriental Makati is expected to further strengthen the city's luxury accommodation offerings, with its reopening scheduled for December 14, 2026. Beyond hotels and shopping centers, Ayala Land's office developments provide additional leasing opportunities for businesses seeking commercial spaces within the financial district. By continuing to improve existing properties and expand its leasing and hospitality operations, the company is positioning its Makati developments to contribute to a more diversified business portfolio and support the city's role as a major commercial and lifestyle destination.
