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 ]

Biggest roadblock to growth: Aviation players lament...

14 March, 2016 at 09:38

Infrastructure remains the biggest roadblock to the country’s continued growth and development, even as the travel and tourism sector continues to gain momentum, global aviation players said.

‘Business as usual’ despite elections

26 February, 2016 at 16:18

‘Business as usual’ despite elections by: Ben O. de Vera | February 24, 2015    Despite domestic and external challenges, the

Single Destination

27 January, 2016 at 13:00

What we have failed to do on our own so far, perhaps a 10-nation grouping will achieve for us: tourism numbers that will match those of our Southeast Asian neighbors.

Tourism can become PHL’s top dollar earner–D.O.T.

25 January, 2016 at 13:20

THE country’s tourism sector can easily surpass the contributions of the semiconductor and business-process outsourcing (BPO) industries with the increase in the number of seats available for flights, as well as an improvement in infrastructure capacity and accommodations.

DoT backs enhanced ports for cruise ships

23 December, 2015 at 16:00

THE TOURISM department is batting for the development of ocean passenger terminals to enhance the country’s ability to host cruise ships, which capture more value for the economy than mere port calls.

Apec to sharpen next PH admin’s focus

24 November, 2015 at 09:00

THE PHILIPPINES’ hosting of the Asia-Pacific Economic Cooperation (Apec) is seen as a significant opportunity to showcase the issues that the country’s next president should focus on…

Murder capital

8 September, 2015 at 15:15

Of the 23 South Koreans murdered around the world last year, 10 died in the Philippines. We still have four months to go before we find out if the murder rate dampened Koreans’ interest in visiting our country.

DOTC ignores suggestion

25 August, 2015 at 14:37

DOTC ignores suggestion DEMAND AND SUPPLY By Boo Chanco (The Philippine Star) | Updated August 24, 2015 – 12:00am It is bad enough that the

Travel competitiveness: Phl improves to 74th

29 July, 2015 at 11:09

Travel competitiveness: Phl improves to 74th By Ted Torres July 21, 2015 8:00 PM The ranking of the Philippines has improved  from

Best Places to Retire Abroad: The Philippines

2 June, 2015 at 14:18

By Charles Frost May 31, 2015 11:01 p.m. ET If you are considering retiring in another country, I am no doubt biased, but I believe it’s

Two BBL strategies

26 May, 2015 at 11:15

Artemio V. Panganiban Philippine Daily Inquirer 12:49 AM | Sunday, May 24th, 2015 The two legislative committees primarily

No need for overtime fees in Immigration...

26 May, 2015 at 10:23

Philippine Daily Inquirer 4:32 PM | Sunday, May 24th, 2015   FOREIGN groups have opposed “overtime” provisions in the proposed

A foreign-designed economic development plan

18 May, 2015 at 10:28

AT GROUND LEVEL By Satur C. Ocampo (The Philippine Star) | Updated May 16, 2015 – 12:00am Under no other administration than

A ranking of the world’s ‘most powerful’...

21 April, 2015 at 13:57

A ranking of the world’s ‘most powerful’ passports By Ana Swanson April 15 Visa requirements are an interesting but overlooked indicator

USAID TRADE Newsletter and Trade, Investment &...

17 March, 2015 at 17:11

2015FebruaryNewsletter Monthly TII Indicators (February 2015)

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