Tourism Revenue Dropped by 81.5% in 11 Months

Revenue generated from tourism dropped by 81.5 percent in 11 months to November as the ban on inbound international travel remains, an official of the Department of Tourism said.

In a webinar, Tourism Undersecretary Benito Bengzon Jr. said tourist receipts in the 11-month period registered at 81 billion pesos – a sharp decline from 438 billion pesos in the same period last year.

Foreign visitor arrivals also dropped by 82 percent to 1.3 million compared to the 7.4 million arrivals in the same period of 2019.Bengzon emphasized that the Philippines is not the only country affected by the drastic decline in visitor arrivals as the COVID-19 pandemic is a global crisis.

He said, “When you look at the effect of the pandemic, it has been global and no destination has been spared.”

He cited comparative data from other ASEAN countries which show that neighboring countries have also registered similar drops in tourist arrivals.

Source: https://www.philstar.com/business/2020/12/05/2061518/tourism-receipts-drop-815-11-months?fbclid=IwAR34F_2foVyJu4SGDzlbMARpgXGaAk-o-vQRumce9cjTNV0lHjGIwTqrAFA

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