TOURISM, MEDICAL TRAVEL & RETIREMENT
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 ]
News Updates
Pagcor Sees $10-Billion Revenues
28 March, 2012 at 17:22
CLARK FIELD, Pampanga (via Wi-Tribe) – The Philippine Amusement and Gaming Corporation (Pagcor) expects revenues from its 100-hectare
$400-M World-Class Tourism Estate Breaks Ground In...
26 March, 2012 at 14:56
CLARK FREEPORT, Pampanga — An international investor will pour $400 million for the construction of a world-class tourism estate, including
Bulacan set to make Angat River a...
26 March, 2012 at 14:12
CITY OF MALOLOS—An ambitious ecotourism project is slowly gaining its momentum along the stretch of Angat River in the towns of Bustos and
Intl passenger traffic flow up by 9.7%...
26 March, 2012 at 11:38
Fueled by cheap air fares, international passenger traffic flow to the Philippines rose by 9.7 percent in 2011. Data released by the Civil
Palace urges better aviation capabilities
23 March, 2012 at 14:02
MALACAÑANG said yesterday that the country must improve its aviation capabilities to Category 1 status based on standards of the United States
Davao Airport Revives Direct Flights To Indonesia,...
21 March, 2012 at 15:09
DAVAO CITY, Philippines — The Davao International Airport (International Air Transport Association code DVO), officially known as the
Philippine Economic Briefing: Private Sector Recommendations
19 March, 2012 at 11:00
Panel Discussion and Open Forum The following are the recommendations of the Private Sector panelists: SPEAKER RECOMMENDATIONS Aileen
AmCham Statement on House Bill 4444 –...
13 March, 2012 at 07:30
March 13, 2012 STATEMENT ON HOUSE BILL 4444 – RATIONALIZING TAXES IMPOSED ON INTERNATIONAL CARRIERS AmCham Philippines appreciates
PNoy to seek US accreditation for PHL...
27 January, 2012 at 11:18
President Benigno Aquino III intends to seek US accreditation for Philippine hospitals so Americans can use their medical insurance in paying for
Philippines becoming int’l healthcare hub
12 December, 2011 at 10:17
Medical or wellness tourism is a term involving people who travel to a different country to receive treatment for a particular health condition
Finance dep’t open to airline tax removal...
10 December, 2011 at 11:04
ABOLITION of the common carriers tax will be supported by the Finance department but only if Congress passes a measure to offset the revenue
How to drive away visitors
9 December, 2011 at 11:25
This is a re-posted opinion piece. Five times a week Zest Air flies between Kalibo International Airport in Aklan and Seoul-Incheon airport in
Bills lifting taxes on carriers expedited
7 December, 2011 at 12:15
CONGRESS aims to pass a measure that will lift taxes imposed on foreign carriers by the first half of next year, ranking officials of the two
Subic banks on ACTA to firm up...
7 December, 2011 at 11:03
SUBIC BAY FREEPORT —The Subic Bay Metropolitan Authority (SBMA) is banking on its membership in the Asian Cruise Terminals Association (ACTA)
Asia Pilot Gap Grows As Airlines Order...
5 December, 2011 at 17:50
HONG KONG — Fast-growing Asian and Middle Eastern airlines have signed orders recently for hundreds of new airplanes — now they face the
Easing of visa rules on Indians, Chinese...
2 December, 2011 at 18:53
The country should relax the visa requirements for visiting Chinese and Indian nationals to boost tourism in the country, Manila Representative
