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
Tourism
13 December, 2016 at 08:00
I participated in last week’s Tourism Summit and was reminded again that Tourism is the economic sector with the highest potential to create inclusive growth, through employment generation and economic development in remote areas across the archipelago.
Still more fun in the Phl?
24 November, 2016 at 12:30
They are scrapping the three-year-old tourism promotion campaign that is just starting to catch the world’s attention. But it’s still more fun at the Tourism department since the new administration took over.
Travelers now allowed to bring out up...
30 August, 2016 at 18:00
Travelers to and from the Philippines would be allowed to bring in and out as much as P50,000 worth of legal tenders starting next month, the Bangko Sentral ng Pilipinas (BSP) said yesterday.
[VIDEO] Businessmen laud Duterte’s 1st SONA
27 July, 2016 at 14:01
Despite that perceived repercussions for miners, most other business groups give President Duterte a high mark for his first address to the nation. – Business Nightly, ANC, July 25, 2016
Can the Philippines Stay on Track?
16 May, 2016 at 17:30
Under President Benigno Aquino III, the Philippines has recovered its economic credibility. As the democracy of more than 100 million people faces elections in May…
More port calls seen for cruise tourism
21 April, 2016 at 13:30
The Department of Tourism (DOT) expects cruise tourism to exceed the port calls in 2015 as the agency continues to expand avenues amid air connectivity issues in the country.
DOT rolls out comprehensive plan for cruise...
18 March, 2016 at 16:00
The Department of Tourism (DOT) has expanded its avenues to attract more tourists as it completed the National Cruise Tourism Development Strategy amid air connectivity issues in the country.
Health for everyone
14 March, 2016 at 10:22
The next debate of the presidentiables is on March 20 in Cebu. Four issues are to be covered: health, education, fighting corruption, and disaster preparedness/climate change.
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
