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 ]

Health, tourism, pleasure

29 July, 2011 at 04:07

This is an article repost. In March this year, South Korea’s former president, Kim Young-sam, spent a week on vacation with his wife Son

Council approves tourism roadmap

29 July, 2011 at 04:05

This is an article repost. MANILA, Philippines – Members of the Tourism Coordinating Council have unanimously approved the National Tourism

Seair asks CAB for seat entitlements to...

29 July, 2011 at 03:40

This is an article repost. SOUTHEAST Asian Airlines (Seair) is seeking entitlements to Malaysia totaling 5,400 seats per week. In its application

Competition Takes Off in Asia’s Budget-Airline Market

27 July, 2011 at 07:17

This is an article repost. Competition in Asia’s budget-airline market is heating up as rival carriers raise more money and launch services

BIR said missing the point on carriers’...

26 July, 2011 at 05:08

FOREIGN BUSINESSES are dissatisfied with a recent Bureau of Internal Revenue (BIR) circular that was supposed to ease the common carriers’ tax

On the new carriers’ tax

25 July, 2011 at 05:02

When asked to comment on the new BIR regulation on gross Philippine billings on taxes paid by foreign airlines, AmCham-ICIP Senior Advisor John

Old and new drivers of growth

18 July, 2011 at 20:05

To achieve its “fighting target” of 7-8% growth per year under its term, the new administration is betting on a few key initiatives and the

Council approves tourism roadmap

16 July, 2011 at 15:22

Members of the Tourism Coordinating Council have unanimously approved the National Tourism Development Plan (NTDP) in a meeting held at the

Foreign chambers back tourism plan

6 July, 2011 at 19:46

Foreign businessmen joined tourism industry leaders in expressing support for Tourism Secretary Alberto Lim. Austen Chamberlain, president of the

A Privately-Run Tourism Promotion Board: An Idea...

4 July, 2011 at 15:32

The MANAGEMENT ASSOCIATION OF THE PHILIPPINES (MAP) strongly recommends the immediate formation of a privately-run Tourism Promotion Board to

Gov’t airs open skies policy for tourism...

18 June, 2011 at 15:28

This is an article repost. MANILA, Philippines. “The government will further liberalize the civil aviation industry to increase tourist

Tourism plan seen completed this month

14 June, 2011 at 18:56

The Department of Tourism (DoT) expects to complete this month and submit to the Palace in July the country’s National Tourism Development Plan

Tourism dep’t claims foreign visitor count on...

2 June, 2011 at 18:08

 THE DEPARTMENT of Tourism (DoT) said yesterday that foreign tourist arrivals reached about 1.31 million in the four months to April, nearly

Aquino signs EO to adopt ‘open skies’...

19 May, 2011 at 18:02

President Benigno Aquino III has signed an executive order authorizing the Civil Aeronautics Board (CAB) and the Philippine air agreement

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