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 ]

Making haste slowly

8 April, 2014 at 16:45

Opinion Posted on March 10, 2014 08:47:30 PM Making haste slowly By Rafael M. Alunan III “THERE is no other time in our history where so

‘Growing too slow’

8 April, 2014 at 16:38

‘Growing too slow’ SKETCHES By Ana Marie Pamintuan (The Philippine Star) | Updated March 10, 2014 – 12:00am The month opened with a

Structural reforms, inclusive growth

8 April, 2014 at 16:31

Structural reforms, inclusive growth by Florangel Rosario Braid March 7, 2014 Organized by the foreign chambers of commerce in the country,

ASEAN Cooperation on Tourism Presentation

12 January, 2014 at 17:09

ASEAN Cooperation on Tourism Presentation

Tourism budget for 2014 targets 10 key...

29 August, 2013 at 15:00

THE funds for the P30-billion Tourism Development Program under the proposed P2.3-trillion national budget for 2014 targets 10 strategic tourism

Three contrasting PPPs

29 August, 2013 at 13:18

Our country needs modern airports, expressways, railways, water systems, electric power and other infrastructures. However, the government does

Investment commitments up 39% to P301B

8 August, 2013 at 18:35

Total investments approved by four major investment-promotion agencies hit P300.9 billion in the first half of the year on the back of increased

The Philippines’ final eco-frontier

8 August, 2013 at 15:45

A pioneering group of private island resorts is combining luxury with sustainability Kayaking at the Big Lagoon, Miniloc Island   The

Long Overlooked, The Flourishing Philippines

1 August, 2013 at 14:00

MANILA, Philippines — Mingle long enough with the Filipino jet-set and you’re bound to hear a recurring quip delivered as an explanation for

Government ratchets up poverty reduction thrust

1 July, 2013 at 18:57

The Aquino administration will fully support and develop five sectors that it considers critical in further reducing poverty in the country, said

IATA pushes single airport system

7 May, 2013 at 18:50

MANILA, Philippines – The International Air Transport Association (IATA) is pushing for the continued improvement of the operations of the

Inconsistent

30 April, 2013 at 13:38

EDITORIAL Last month in Davao City, President Aquino told hoteliers at the Philippine MICE Conference that by 2016, when he hopes tourist arrivals

Seven groups interested in airport PPP

23 April, 2013 at 17:35

SEVEN GROUPS yesterday formally expressed their interest in an airport public-private partnership (PPP) project, the first to be offered by the

Additional flights bagged

23 April, 2013 at 17:26

THE PHILIPPINES got seven additional flights to Australia per week after air service talks between the two countries ended last week, a Civil

PEZA investments surge by 171%

2 April, 2013 at 17:45

Investments registered with the Philippine Economic Zone Authority (PEZA) in the first quarter this year soared 171.12 percent to P53.75 billion

Abolition of Common Carriers and Gross Philippine...

27 March, 2013 at 16:10

Republic Act No. 10378 H. No. 6022 S. No. 3343 Republic of the Philippines Congress of the Philippines Metro Manila Fifteenth Congress Third