{"id":204013,"date":"2022-04-22T03:15:25","date_gmt":"2022-04-21T20:15:25","guid":{"rendered":"https:\/\/www.ttrweekly.com\/site\/?p=204013"},"modified":"2022-04-22T05:44:14","modified_gmt":"2022-04-21T22:44:14","slug":"the-philippines-primed-for-recovery","status":"publish","type":"post","link":"https:\/\/www.ttrweekly.com\/site\/2022\/04\/the-philippines-primed-for-recovery\/","title":{"rendered":"The Philippines primed for recovery"},"content":{"rendered":"\n<p>MANILA, 22 April 2022: The Philippines&#8217; tourism industry can look forward to an annual average growth rate of 6.7% over the next 10 years, the World Travel &amp; Tourism Council forecast during the opening of the WTTC Global Summit on Wednesday.<\/p>\n\n\n\n<p>In the opening press conference of the 21<sup>st<\/sup> WTTC Global Summit, WTTC president and CEO Julia Simpson noted: &#8220;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 Department of Tourism Secretary Berna Romulo-Puyat.&#8221;<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" data-src=\"https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2022\/04\/11-2.jpg\" alt=\"\" class=\"wp-image-204014 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><figcaption><em>Photo Credit: DOT. Philippines Department of Tourism (DOT) Secretary Berna Romulo-Puyat (centre), together with World Travel and Tourism Council (WTTC) president and CEO Julia Simpson (left) and WTTC chair and president &amp; CEO of Carnival Corporation Arnold Donald (right), welcome delegates at the 21st WTTC Global Summit 20 April.<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p>Simpson said the annual growth rate of 6.7% over the next 10\nyears would exceed the expected country&#8217;s overall economy average growth rate\nof just 5.6%.<\/p>\n\n\n\n<p>\u201cWe also forecast employment will grow annually by an\naverage of 3% over the next 10 years, generating 2.9 million new jobs,\naccounting for 21.5% of all jobs in the Philippines\u201d, she concluded.<\/p>\n\n\n\n<p>Meanwhile, Secretary Puyat commented: \u201cIn the nearly two\nyears where international travel was put on hold, the Philippines has been busy\npreparing for the day when our country would be open to the world. We have put\nin place guidelines that will ensure the safety of our guests, our tourism\nworkforce, and our community.\u201d&nbsp; <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" data-src=\"https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2022\/04\/22-2.jpg\" alt=\"\" class=\"wp-image-204015 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><figcaption><em>Photo Credit: DOT. WTTC president and CEO Julia Simpson on Wednesday (20 April), shared the council&#8217;s optimistic projections for tourism recovery in the Philippines enclosed in its latest Economic Impact Report (EIR).<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p>Considered one of the most influential Travel &amp; Tourism\nevents worldwide, the WTTC Global Summit is an annual gathering of the entire\nspectrum of the industry. <\/p>\n\n\n\n<p>Summit sessions focused on essential topics such as the\nlatest travel trends, sustainable investment prospects, meaningful human\nconnections despite contactless interventions, environmental preservation,\ntraveller confidence, seamless international mobility, and inequalities in the\ntravel and tourism industry.<\/p>\n\n\n\n<p>The latest World Travel &amp; Tourism Council (WTTC)\nEconomic Impact Report showed that travel and tourism in the Philippines\ngenerated USD41 billion in 2021, representing 10.4% of the country&#8217;s gross\ndomestic product.<\/p>\n\n\n\n<p>By 2032, WTTC predicts the Philippines\u2019 Travel &amp; Tourism\ncontribution to GDP could be worth in excess of USD155 billion, accounting for\n21.4% of the whole economy.<\/p>\n\n\n\n<p><em>(Source: Department of Tourism, Philippines)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA, 22 April 2022: The Philippines&#8217; tourism industry can look forward to an annual average growth rate of 6.7% over the next 10 years, the World Travel &amp; Tourism Council forecast during the opening of the WTTC Global Summit on Wednesday. In the opening press conference of the 21st WTTC Global Summit, WTTC president and [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4170,266],"tags":[],"class_list":{"0":"post-204013","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-destinations","7":"category-philippines"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Philippines primed for recovery - TTR Weekly<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ttrweekly.com\/site\/2022\/04\/the-philippines-primed-for-recovery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Philippines primed for recovery - TTR Weekly\" \/>\n<meta property=\"og:description\" content=\"MANILA, 22 April 2022: The Philippines&#8217; tourism industry can look forward to an annual average growth rate of 6.7% over the next 10 years, the World Travel &amp; Tourism Council forecast during the opening of the WTTC Global Summit on Wednesday. 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