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
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.
Spooking tourists
30 March, 2017 at 11:59
As the “mummies” started piling up last year in the administration’s vicious war on drugs, several foreign diplomats told me that investors and travel industry players had expressed concern about the situation in the Philippines.
CIAC seeks release of P2.8-B airport development...
2 March, 2017 at 11:30
The government should release Clark International Airport (CRK)’s P2.89-billion development fund immediately now that flights and passengers have increased versus 3-5 ago, urged Clark International Airport Authority (CIAC) President and CEO Alexander Cauguiran.
PCCI seeks government action on dual-airport policy
24 February, 2017 at 14:00
The Philippine Chamber of Commerce and Industry (PCCI) is urging the government to come up with an airport policy and masterplan for the aviation sector to address issues of connectivity and congestion, as well as promote regional development and sustainable growth.
Airlines use Clark for strategic expansion
24 February, 2017 at 13:00
Local and foreign airline companies have started to use Clark International Airport (CRK) to boost their strategic expansion.
DOT eyes better distribution of air passenger...
20 February, 2017 at 15:45
Starting this year until the end of the Duterte administration in 2022, the Department of Tourism (DOT) expects an even more equitable distribution of air-passenger traffic, as the popularity of secondary destinations in the Philippines increases.
Sangley airport complements Clark – ARRC
17 February, 2017 at 12:00
The country needs two international airports, with one located in Sangley and another in Clark, to serve passengers in the northern and southern parts of Luzon as well as cope with future demand…
San Miguel’s Ang Offers $14 Billion Airport...
17 February, 2017 at 11:00
San Miguel’s Ang Offers $14 Billion Airport in Tycoon Battle by Cecilia Yap and Clarissa Batino | February 16, 2017, 11:48 AM The
Gov’t urged to implement multi-airport system
17 February, 2017 at 10:12
The government is urged to implement a multi-airport system policy in the greater capital region while accelerating the development of Clark International Airport instead of the proposed dual airport system
