
Philippine Tourism Was Reeling
The entire Philippine tourism industry has suffered substantial losses since the pandemic began. An estimated Php42.9 billion was the projected revenue loss in just the period of February to April 2020. That estimate translates to USD $836 million and was made before lockdowns were implemented. Travel authorities banned tourists from China, Hong Kong, Macau, and Taiwan from entering the country at the time.
The industry had lost an estimated USD $8 billion by June of 2021. The government began loosening restrictions on domestic travel. Several hotels that observed health protocols were welcoming bookings.
Low vaccination numbers at the time made even a staycation difficult. However, optimism grew at the close of 2021 as positive coronavirus cases were low and vaccine rollouts were improving. But no one was prepared for the spike brought about by the Omicron variant of COVID-19.
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