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 ]

DOT chief: People power to boost tourist...

22 November, 2011 at 13:56

PILI, Camarines Sur—In the age of new media and world teen idol Justin Bieber, “game change” has become the buzzword among advertising

Tourism underworld

22 November, 2011 at 13:32

This is a re-posted op-ed piece. Fireworks in Puerto Princesa City greeted recently the news that the Palawan Underground River had been named

Taiwan to help Indonesia with tourist destination...

18 November, 2011 at 11:15

Regional News Taipei, Nov. 10 (CNA) Taiwan has reached a deal with Indonesia to jointly develop a remote Indonesian island into a tourist

November 23 Retirement & Healthcare Coalition Special...

18 November, 2011 at 11:08

The Retirement & Healthcare Coalition (RHC), composed of the American, European, Japanese and Korean Chambers of

Medical tourism

14 November, 2011 at 12:25

This is a re-posted op-ed piece. Years before former President Gloria Macapagal-Arroyo decided that she needed medical attention overseas, the

Ona: Phl medical tourism’s potentials not fully...

14 November, 2011 at 12:23

MANILA, Philippines – Health Secretary Enrique Ona yesterday underscored the need for the Philippines to become “globally competitive”

Now is our chance

14 November, 2011 at 11:21

This is a re-posted opinion piece. The world is in turmoil. There is the Arab Spring where three governments have fallen, sadly in far too bloody

PAL is slowly dying

11 November, 2011 at 14:33

This is a re-posted opinion piece. I have been hearing an increasing amount of complaints about the quality of PAL’s in-flight service since

Investors sought for 51 ‘funding-ready’ projects

11 November, 2011 at 11:18

The Department of Trade and Industry (DTI) is seeking investors for 51 Luzon-based projects that have been deemed “funding-ready” and just

Underground river in Top 10

9 November, 2011 at 13:16

WITH only three days left before the voting process ends, the Puerto Princesa Underground River has made it to the final list of 10 contenders

MPIC buys another hospital for P1.5B

9 November, 2011 at 11:02

METRO PACIFIC Investments Corp. (MPIC) has continued on its hospital acquisition bout, saying it has moved to buy a controlling stake in Asian

Zest Air, Zest-O eye China expansion

8 November, 2011 at 11:15

Local airline to boost fleet, add regional flights Zest Airways Inc. president and CEO Alfredo M. Yao said the airline was expanding its Airbus

Cebu Pacific & AirPhil are main beneficiaries...

8 November, 2011 at 11:11

Cebu Pacific & AirPhil are main beneficiaries as Philippines domestic LCC penetration rate nears 80% CAPA > Aviation Analysis 27th

Pinoys getting restless for results

4 November, 2011 at 11:19

This is a re-posted opinion piece. What did Eliza Doolittle tell her ardent suitor Freddy Eynsford-Hill in that musical My Fair Lady? “Don’t

Manila, Taipei to hold air talks before...

4 November, 2011 at 11:09

AIR TALKS with Taiwan have been scheduled before the end of the year, a Civil Aeronautics Board (CAB) official said, with the Philippines looking

Malacañang endorses review of EO 28, 29

4 November, 2011 at 10:21

MANILA, Philippines – Malacañang has endorsed to Transportation and Communications Secretary Manuel Roxas II and Foreign Affairs Secretary