Philippines’ tourism sector recovers incredibly fast
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Philippines’ tourism sector recovers incredibly fast

News  
04-27-2022
 
Source: Pixabay

The 3-day 21st World Travel and Tourism Council (WTTC) Global Summit under the theme, "Rediscovering Travel" where World tourism executives and scores of delegates from across the global travel and tourism sector gathered at the opening ceremony at the Manila Marriot Hotel.

Tourism Secretary Bernadette Romulo-Puyat welcomed the WTTC delegates attending in person and online, saying the summit marks the beginning of a new era for Philippine tourism. “Now is the time for us to revive our connections and engagement with people,” she said.

On the opening day, the Philippines was lauded by the global tourism leaders attending the event on the sector as it continues to offer incredible experiences and drive social progress while still protecting health, preserving the environment, and responding to a rapidly changing landscape.
Philippines tourism sector is well on its way to recovery and is bouncing back very fast.

With the country’s first-ever hosting of the WTTC summit held annually, Puyat emphasized how more communication and engagement between both the government and the private sector can accelerate recovery and sustain growth. She also noted that the Philippines has remained committed to combat the effects of the changing climate and promote green tourism.

According to the WTTC's projection in its latest Economic Impact Report (EIR), travel and tourism in the Philippines will reach an annual growth rate of 6.7% in the next 10 years, exceeding its overall economy average growth rate of just 5.6 %. The EIR also projects that employment will grow annually by an average of 3% in the same period, generating 2.9 million new jobs that will account for 21.5% of all jobs in the Philippines. 

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