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Domestic spending to propel tourism sector gains by 2028 | Ma. Stella F. Arnaldo

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Domestic travelers are expected to pack a wallop into the economy by contributing a projected P3.8 trillion in revenue by 2028, outpacing the P701-billion share of inbound tourists. Know more:

DOMESTIC travelers are expected to pack a wallop into the economy by contributing a projected P3.8 trillion in revenue by 2028, outpacing the P701-billion share of inbound tourists.

On Tuesday, President Ferdinand R. Marcos Jr. approved the third iteration of the NTDP, which serves as the administration’s blueprint to grow the economy by supporting policies, programs, and projects that enhance the tourism sector. Unlike the Plans of the previous administrations, however, the NTDP 2023-2028 has no indicative cost in its implementation, i.e.

In a statement, Tourism Secretary Christina Garcia Frasco said tourism is one of the few industries that can create opportunities and livelihoods in many of the Philippines’s farthest, most remote communities, and across all sectors of society. Though the country has a very productive tourism industry, she also recognized that it has also been hounded by challenges.

 

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