' Tourism and health protocols ' Prophetic it was when, two years ago, Tourism Secretary Bernadette Romulo-Puyat stressed her “high hopes” the industry would recover and the country, with its tourism jewels, would come out better from the---- Read more👇
the country, with its tourism jewels, would come out better from the challenges it was facing because of the coronavirus pandemic.
The London-based World Tourism and Trade Council has come out loud in its appraisal the Philippine tourism industry, a major earner for the country’s cash register, has recovered in 2021 with a 10.4 percent share to GDP.The WTTC quoted the Economic Impact Report which was based on constant 2021 prices and exchange rates from the Oxford Economics and the United Nations World Tourism Organization.
A 20.5 percent rise in employment was likewise seen last year, as revealed by the PSA and the WTTC—5.72 million in 2019, 4.68 million in 2020 and 7.8 million in 2021. The 7.8 million was equivalent to a 20.5 percent growth. Simpson said the $41 billion share of the tourism industry to the economy even helped the Philippines to be the world’s fourth fastest-growing economy in 2021.
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