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Monday, April 1, 2024

Cagayan de Oro City Emerges as the Second Wealthiest Region Outside Metro Manila

Cagayan de Oro City has made significant strides in economic growth, securing its position as the second wealthiest city outside Metro Manila, according to the latest report from the Philippine Statistics Authority (PSA). With a remarkable Per Capita GDP of P343,936 in 2022, the city stands proudly as a beacon of prosperity, trailing only behind Baguio City in this ranking.

Thriving Economy Beyond the Metro

The PSA's findings underscore Cagayan de Oro City's economic resilience and dynamism, positioning it among the top performers in the country's economic landscape. This achievement highlights not only the city's robust business environment but also its potential as a key player in driving regional development.

Exciting Developments on the Horizon

In tandem with its economic success, Cagayan de Oro City is set to witness a significant boost in its hospitality sector. Chairman Ray G. Talimio, Jr. of the Oro Chamber, recently announced on Magnum Radyo that two esteemed international hotel chains, Sheraton and Dusit Thani, are poised to establish their presence in the city. While official statements are yet to be released, Talimio revealed that these renowned hotel brands have already secured prime locations within Cagayan de Oro City for their upcoming ventures.

Anticipating Growth and Opportunities

The arrival of Sheraton and Dusit Thani signals a new era of growth and opportunity for Cagayan de Oro City. As these world-class establishments set foot in the city, residents and visitors alike can look forward to elevated standards of accommodation and hospitality services. Moreover, this development is poised to stimulate job creation and stimulate ancillary industries, further fueling the city's economic momentum.


Cagayan de Oro City's ascent as the second wealthiest region outside Metro Manila reflects its unwavering commitment to progress and prosperity. With the imminent arrival of Sheraton and Dusit Thani, the city's landscape is poised for transformation, heralding a new chapter of growth, opportunity, and excellence. As stakeholders rally behind this momentum, Cagayan de Oro City is primed to emerge as a shining exemplar of economic success and dynamism in the Philippines.

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