Quicker pace of hotel sector recovery in the offing.
The Philippines is starting to welcome more foreign travelers while domestic tourists are driving hotel occupancies and leisure-related spending across the country. The tourism sector’s share to economic output and total employment is beginning to improve, supporting industry analysts’ projection of a quicker pace of recovery. Colliers recommends that hotel operators and other stakeholders:
- Prepare for the gradual resumption of MICE (Meetings, Incentives, Conferences and Exhibitions) events
- Craft flexible packages for business and leisure travelers
- Seize opportunities from public and private sectors’ initiatives to attract foreign tourists while improving Philippine tourism infrastructure such as airports and expressways.