TOURISM, MEDICAL TRAVEL & RETIREMENT

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Given the natural, cultural, and human resrouce endowments of the Philippines, tourism has been identified as an important sunrise, globally competitive industry by the national government. Tourism development can have strong proverty reduction effects in remote and rural areas. It has been calculated that for every foreign tourist that visits the country and spends about a thousand dolars, one job for one year is supported. Each dollar US$1 spent by a tourist to pay for accommodation services gets multiplied 2.1 times.

Background

Travel and tourism is currently the fourth largest source of foreign exchange revenues. From 2000 to 2009, the average annual spending of US$2.2 billion by international visitors contributed 43.5% and 4.8% to the service export and total export revenues of the Philippines, respectively. [ Read This Chapter ]

Recommendations

Tourism's contributions to the economy can be magnified considerably if the country can increase the volume of international visitors, which is still extremely low in comparison with top Asian country desginations. [ Read This Chapter ]

[OPINION] The missing link in our tourism...

17 January, 2018 at 16:00

About this time last year, members of Skål International, the world’s foremost organization of tourism professionals, had a meeting with the newly installed Chief Operating Officer of the Tourism Promotions Board…

2017 ends with 21 gov’t holidays

3 January, 2018 at 10:47

The Philippines will end 2017 with 21 national government holidays, the most ever declared in recent memory.

SMC airport, Megawide rail projects move up

20 December, 2017 at 10:46

Three unsolicited project proposals for rail, airport and flood control are expected to hurdle regulatory approval and rolled out next year, having been identified as priority infrastructure projects, the Public-Private Partnership (PPP) Center said yesterday.

Megawide-GMR consortium offers lowest bid for new...

15 December, 2017 at 11:00

The consortium of local firm Megawide Construction Corp. and GMR Infrastructure Ltd. of India is the frontrunner to bag the contract for the design…

[EDITORIAL] Needed: Cleaner airport policy

15 December, 2017 at 09:18

Something exciting is happening in the aviation sector that may finally result in the much-needed rehabilitation and modernization of the old Ninoy Aquino International Airport (Naia).

Tycoons confirm Naia rehab bid

8 December, 2017 at 10:43

Seven of the country’s biggest conglomerates confirmed they were looking at rehabilitating and redeveloping the Ninoy Aquino International Airport…

NTRC warns vs adverse effects of foreign...

17 November, 2017 at 15:42

Think tank National Tax Research Center (NTRC) said a proposal to impose tax to foreign tourists visiting the country may negatively affect the Philippine tourism industry.

Manila cruise port to open before end...

16 October, 2017 at 15:30

To meet the growing demand for cruise lines in key Philippine destinations, a cruise-port facility will be opening in Manila before the end of the Duterte administration in 2022.

Commentary: Enhancing human capital in the 10-point...

21 September, 2017 at 14:00

What do we need to advance this country over the long term?

[OPINION] The healthcare business

21 September, 2017 at 12:00

A change has been happening over the last decade or so in the healthcare business that is probably for the better. Conglomerates are buying hospitals and introducing efficient business practices in the process.

Demand for domestic destination drives Philtoa travel...

7 September, 2017 at 12:30

Domestic travel still accounted for majority of the sales of the exhibitors at the 28th Philippine Travel Mart (PTM) at the SMX Convention Center in Pasay City, last weekend.

Arangkada forum to explore PHL industrialization

24 August, 2017 at 10:47

Foreign businesses are looking forward to helping the Philippines reach the next level of development by helping it diversify away from economic pillars like business process outsourcing (BPO) by boosting agriculture, among other sectors.

[OPINION] Healthcare

18 August, 2017 at 12:00

One of the new laws recently signed by President Duterte increases the penalty imposed on hospital staff and owners who demand a deposit before treating an emergency patient. The fact that we have to pass such a law shows how dysfunctional our national healthcare system is.

Tourists from South Korea, US, China lift...

14 August, 2017 at 10:00

South Korea continues to top the list of the Philippines’s major source markets for tourists in the first half of 2017.

The Sixth Anniversary Arangkada Philippines Forum: Implementing...

12 July, 2017 at 10:44

The Sixth Anniversary Arangkada Philippines Forum of the Joint Foreign Chambers (JFC) of the Philippines will be held at the Marriott Grand Ballroom on September 14, 2017.

[OPINION] Philippines? Where’s that?

5 July, 2017 at 12:32

Often, we think the world revolves around us. Our politicians talk as if what they say matters to the rest of the world and the world will adjust to their whims.

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