January 06, 2015

Tourism arrivals fall short but dollar receipts exceed government targets

The tourism department (DoT) failed to achieve its target of attracting 6.5m tourists as only 5m tourists were estimated to have visited the country last year. However, the DoT said dollar receipts from these tourists amounted to US$4.7b and exceeded the US$4.6b target.

This is despite some access issues such as the ongoing repairs at the NAIA terminal 1 and construction of infrastructure projects around the area. Notwithstanding the lower tourist arrivals, government is keeping its 10m tourist arrivals target for 2015 as government hopes to address some of the travel issues such as the completion of the NAIA 1 retrofitting project by 1Q15, possible lifting of airline fuel surcharges, and the completion of the airport expressway.

The DoT is also intensifying its Visit the Philippines Year tourism marketing campaign in 2015. What can potentially aid tourism arrivals this year are the opening of the City of Dreams Manila and the holding of the APEC meeting in the country this April. - WealthSec