The tourism industry in the Philippines is poised to recover last in Asia as the country struggles to arrest the spread of the novel coronavirus disease, likely dealing a huge blow on what was once a booming dollar source for the economy.
Together with India, Malaysia and Indonesia, the Philippines is likely to be among the “laggards” in Asia’s tourism revival, according to a report by ANZ Research. These destinations remain “weak” in terms of reopening to tourists amid sluggish domestic vaccination programs and uncontrolled local outbreaks.
On the other end of the spectrum, the city state of Singapore appears to be the best-placed to lead the tourism recovery in the region, ANZ said. It has had few to no local virus transmission in recent months and has the fastest vaccine rollout in the region, prompting Singaporean authorities to reopen its borders to travellers from Australia, Brunei, mainland China, New Zealand and Taiwan.