Philippines Tourism Q1 2019
We continue to retain a positive outlook for the Philippines tourism industry as the country remains an attractivedestination offering a multitude of attractions to regional and international visitors alike. Our positive outlook is predicated on thefact that rising tourist numbers and regional infrastructure development will buoy demand for accommodation, and arrivals fromthe Asia Pacific region will underpin significant tourism growth in the near term. Furthermore, strong government support will benecessary for medium-term organic growth potential to be unlocked. We note that these growth prospects face downside risksstemming from security threats and logistic risks..
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