Travellers International Hotel Group, Inc. reported a profit of PHP133.2 million ($2.5 million) for the third quarter, compared to a net loss of PHP409.8 million ($7.7 million) during the same period last year.

In a filing, the company, owned by Manila-based Alliance Global, Inc. and Genting Hong Kong Limited, reported a profit of PHP1.8 billion ($34.3 million) for the first nine months of the year, continuing its turnaround from the previous year’s losses. From January to September of 2017, net loss was PHP36.8 million ($695,000).

Gross revenue was PHP5.9 billion ($111.8 million), 3.2% higher than the same period last year. Gross gaming revenue (GGR) was PHP4.7 billion ($89.5 million), 33.6% higher year on year, “primarily due to the improvement in volume in both non-VIP and VIP segments,” according to the report.

Non-gaming activities, including operations from the Marriott Hotel Manila, Maxims Hotel, Holiday Inn Express Manila Newport City, and Courtyard by Marriott Iloilo, was PHP1.2 billion ($22.3 million), up 27.7% from the third quarter of 2017. “The increase was primarily due to the improvement in occupancy rates and average room rates,” the report read. Property visitations averaged 27,500 a day, at an average occupancy rate of 79%.