Despite registering some $ 37-B drop in tourism earnings in 2020 due to the pandemic, the Philippines is still optimistic that tourist income will make a rebound this year especially if mobility and international travels resume this month.
EMERGING numbers have confirmed that the still raging Covid-19 pandemic has indeed greatly affected the tourism sector resulting in huge drop of 48 percent or $37 billion contribution to the national economy in 2020.
The World Travel and Tourism Council (WTTC) said that in 2019, the tourism industry earned around $90 billion, but it fell to about $52.8 billion in 2020 due to the pandemic.
Despite this, the Philippines expects a rise in tourism earnings in 2021, if mobility and international travels will resume this month.
“The loss of 2 million travel and tourism jobs in the Philippines has had a terrible socio-economic impact,” said Virginia Messina, the WTTC senior vice president.
(EFO)
Tags: #tourism, #grossdomesticproduct, #Covid19