Philippines Tourism Q4 2019
The short- to medium-term outlook for the Philippine tourism industry is positive, with steady gains on the horizon. Weanticipate the steady unlocking of growth potential inherent in the market, driven by a host of supportive factors, including steadyincome expansion in key source markets, rising demand for regional and international air travel in the Asia Pacific region, a healthytransport and infrastructure pipeline, and growing low-cost flight connections. Additionally, the government remains supportive ofthe industry and continues to offer lucrative tax incentives to investors in a bid to bolster confidence. Negative risks emanate fromsecurity and terrorism threats in various parts of the country and the logistical challenges that dampen the operational prospects.
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