Based on forecast by the World Travel and Tourism Council (WTTC), the country will grow its travel and tourism to new highs in 2024, particularly on economic contribution, job generation and visitor spending.
WTTC projects travel's contribution to the economy to rise by almost a quarter to P5.4 trillion this year, from P4.34 trillion in 2023.
Likewise, travel will generate at least 9.5 million jobs for Filipinos, comprising one in every five of the labor force. Also, domestic visitor spending is seen to go up to P3.7 trillion, while foreign tourist expenditure is estimated to hit P715.6 billion.
Denne historien er fra June 28, 2024-utgaven av The Philippine Star.
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Denne historien er fra June 28, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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SEC OKS AREIT'S P28.6-B property-for-share swap
The Securities and Exchange Commission (SEC) has approved the P28.6-billion property-forshare swap deal of AREIT Inc.with Ayala Land Inc. (ALI) and its subsidiaries.
SPNEC earmarks P14 B for Terra Solar integration
SP New Energy Corp.(SPNEC) of tycoon Manuel V. Pangilinan is spending over P14 billion to connect the world's largest solar farm to the national grid.
Alternergy eyes add'l P15 B to fund projects
Alternergy Holdings Corp.is planning to secure an additional P15 billion in fresh funds to boost the development of its renewable energy projects across the country.
World's third largest shipping line mounts Phl route
Shipping giant CNC has become the first full foreign company to offer a domestic service in the Philippines, assigning a new ship to dock in Manila, Cebu and Cagayan de Oro weekly.
Commitment to saving Phl rivers runs deep in SMC
A resolve to protect and clean the country's major waterways runs deep in San Miguel Corp. (SMC), one of the country's largest
Championing sustainability in real estate
Q&A WITH IDC: Sustainability Agenda chats with Italpinas Development Corp.
The Divine Word's bamboo mission
Apart from furthering the priestly vocation, the Divine Word Missionary has been zealously advocating its 'bamboo mission,' an ambitious initiative to plant a million bamboos in the Philippines by 2030.
Lexus elevates luxury driving
Lexus is reaping the fruits of its Lexus Driving Signature (LDS), an all-new development standard that aims to make driving more intuitive, Lexus' master craftsman Shuichi Ozaki told The STAR in an interview here.
DOE endorses 29 RE projects
For grid impact study
Phl eligible for ADB's $500-M education financing
The Philippines is among the countries that can tap a new financing facility under the Asian Development Bank that aims to support investments in the education sector.
