THE Philippines received high praise from a global tourism body for leading the way in reopening the Asia-Pacific region to international leisure travel.
WTTC officials also expressed optimism about the country’s tourism prospects, as it announced partial data from its Philippines Economic Impact Report. Its President and CEO Julia Simpson said, “We forecast an average annual growth rate of 6.7 percent over the next 10 years here in the Philippines exceeding the Philippines’ expected overall economic average growth rate of 5.6 percent.”
She added, employment will also “grow annually by an average of 3 percent for the next 10 years generating a critically important 2.9 million new jobs, which will account for 21.5 percent of all jobs in the Philippines.”THE positive projections for the country stem from the increase in the number of domestic trips taken in the country, giving a massive 129-percent boost to the sector’s contribution to GDP in 2021. This rise was equivalent to $41 billion versus the $17.
She stressed that growth in 2021 supported 7.8 million jobs in the country, growing an “impressive” 20 percent from 2020.
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