World travel body bullish on PH tourism recovery

·2 min read

THE World Travel & Tourism Council (WTTC) is bullish on the prospect of Philippines’ tourism industry recovery, projecting a rosy outlook in terms of economic growth and employment generation in the next 10 years.

“Our expert analysis shows that the travel and tourism economy has turned a corner, and is firmly on the road to recovery. This growth was primarily built on domestic travels and very much pioneered and led by Secretary Bernadette Puyat,” WTTC president and chief executive officer Julia Simpson said during the press conference of the 21st WTTC Global Summit held in Pasay City.

“Looking ahead, we forecast an average annual growth rate of 6.7 percent over the next 10 years, exceeding the expected country’s overall economy average growth rate of just 5.6 percent,” said Simpson.

“We also forecast employment will grow annually by an average of three percent over the next 10 years, generating 2.9 million new jobs, accounting for 21.5 percent of all jobs in the Philippines,” she added.

Meanwhile, Puyat expressed her gratitude for the WTTC’s positive remarks, especially since the country has been hard at work in revitalizing the local tourism industry.

“In the nearly two years where international travel was put on hold, the Philippines has been busy preparing for the day when our country would be open to the world. We have put in place guidelines that will ensure the safety of our guests, our tourism workforce, and our community,” Puyat said.

“Ultimately, through this summit, we hope to raise awareness of the full economic and social impact of travel and tourism. We also want to assure everyone, especially our foreign guests, that your safety and well-being is our priority,” the tourism chief emphasized.

Puyat said they are already seeing signs of recovery, with more and more countries opening up for international travel.

Considered as one of the most influential travel and tourism events worldwide, the WTTC Global Summit is an annual gathering of the entire spectrum of the industry, including airlines and airports, hotels and hospitality groups, tour operators and retail travel agents, online distributors, cruise lines, investment companies, insurance groups and the technology industry. (PR)

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