Author: Clariza Nalam

Philippine Tourism Investment Choices : By Location

In its quest to reach   its targets of 10 million international and 35.5 million domestic tourists by 2016, the Department of Tourism unveiled in 2012 the Philippine National Tourism Development Plan. a P265-billion national tourism blueprint . The said Plan outlines Tourism Development Areas which can guide  investors in choosing the location for their planned tourism business. (Legend: Lumped into 20 clusters, the Tourism Development Areas (TDA) are mostly long recognized as protected areas (PA) being natural parks (NP), marine reserve (MR), protected landscape (PL), wildlife sanctuary (WS), protected seascape (PS), protected landscape-seascape (PLS), watershed reservation (WR), or watershed forest reservation...

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Tourism Investment Opportunities : Philippines

In  January 2013, the Department of Tourism  reports a new milestone for Philippine tourism was achieved as arrivals to the country reached 4,272,811 visitors making a 9.07% increase from the 3,917,454 tourists who came in 2011.   It was the first time that the country passed the 4 millionth arrivals. Current news as of this writing also says that the government is keeping its initial 10-percent growth target in domestic tourism revenues for 2013 from an estimated 35 million tourists.  DOT asserts that the Philippines need 50,000 additional rooms in 2013 based on strong indications of increased influx of foreign travelers. This inevitable growth in international visitor arrivals and domestic travel will bring about a corresponding...

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Government Agencies Involved in Philippine Tourism Investment

Securities and Exchange Commission (SEC) The SEC is the government agency responsible for the registration, licensing, regulation and supervision of all corporations and partnerships organized in the Philippines, including foreign corporations licensed to engage in business or to establish branch offices in the Philippines. Board of Investments (BOI) The Philippine Board of Investments (BOI), an attached agency of  Department of Trade and Industry (DTI), is the lead government agency responsible for the promotion of investments in the Philippines. Taking the lead in the promotion of investments, BOI assists Filipino and foreign investors to venture and prosper in desirable areas...

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Principal Industries in Tourism

Moving on to scouting for the right tourism business that suits your interest and budget, lets explore the six principal industries involved in Tourism as follows : 1. Transportation AIR – Air transportation companies SEA – ships, local cruises LAND – buses and coach OIL Companies 2. Hospitality – The Lodging Industry Hotels, Motels, Resorts, Camping Grounds, Time?Share, Bed and Breakfasts, Youth Hostels, Summer Camps, Etc. 3. Food & Beverage Restaurants, Coffee Shops, Fast Food Outlets, Pubs, Club Facilities, Etc. 4. Activities & attractions (entertainment) Ski Resorts, Sport Fishing (Fresh & Salt Water), Golf/ Tennis, Ecotourism, Water Sports/ Marine Tourism, Guiding &...

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Tourism Investment: Is it more fun in the Philippines?

Are you looking for areas of investment in the Philippines? Or an owner of a tourism-related establishment assessing your business outlook? Are you asking is there a future on investing on tourism-related business in the Philippines? Perhaps the following data can help you. The tourism industry is recognized by the government as a powerful economic growth engine for the country , being an important contributor to the generation of foreign exchange earnings, investments, revenue, employment and to the growth of the country’s output. As such the Philippine Medium Term Development Plan (MTDP) has given priority to the tourism sector by promoting the Philippines as a premier tourist destination and investment site.  Forecasts According to World Travel & Tourism Council (WTTC) ,  Philippine  international tourist arrivals are forecast to total 5,238,000, generating expenditure of PHP417.3bn, an increase of 8.2% pa by 2022. Philippine visitor exports are a key component of the direct contribution of Travel & Tourism. Visitor exports simply mean spending within the country by international tourists for both business and leisure trips, including spending on transport. WTTC further states that the direct contribution of Philippine Travel & Tourism to GDP is expected to grow by 6.5% pa to PHP400.4bn (2.4% of GDP)by 2022. This primarily reflects the economic activity generated by industries such as hotels, travel agents, airlines and other passenger transportation services (excluding commuter services). But it also includes, for example, the activities of the restaurant and...

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