On November 25, a milestone in Philippine tourism was reached as President Gloria Macapagal Arroyo announced the total investments in tourism now amount to P555 Billion. Completing this milestone is the $500 million investment in Resorts World Manila across NAIA Terminal 3 by the Alliance Global Group Inc. (AGI) .
₱555 billion invested in RP tourism industry
As guest of honor, President Gloria Macapagal Arroyo graced the Tourism Congress held on November 25 at the Marriot Hotel with the announcement of yet another milestone.
In front of tourism officials and members of tourism-related organizations, President Arroyo said that total investments in tourism since 2004 has already reached P555 billion.
Sealing the P555 billion figure was the $500 million, or about P2.4 billion, investment in Resorts World Manila by the Alliance Global Group Inc. (AGI).
Resorts World Manila is a prime development in the Newport Tourism Economic Zone across the NAIA Terminal 3 in Pasay. It is comprised of the Marriott Hotel, the Remington Hotel, and the 172 all-suite six-star Maxims Hotel. The three hotels currently employ some 3,000 workers in managerial and rank-and-file positions.
Private sector investments in the accommodation sector alone totaled P435 billion from 2004 to 2009, with the highest at P96.4 billion invested in 2006. The tourist transport sector, on the other hand, increased investments from P163 million in 2004 to P30.5 billion in 2008, with the airline sector undergoing a massive refleeting program to seize opportunities from the tourism boom.
Other investments in tourism include the construction and rehabilitation of airports, ports, roads, and bridges across the country.
President Arroyo stressed that strong government support in terms of budgetary, policy, and infrastructure requirements contributed to the boost in the country’s tourism industry.
One such policy measure is the Tourism Act of 2009 signed by the President in May of this year. The law is aimed at enhancing the country’s competitiveness in the field of tourism through close coordination between the public and private sectors.
As stated also in the Act, the Tourism Congress will serve as the private sector consultative body to assist the government in the development and implementation of Philippine tourism policies.
Some 35 organizations representing the different sectors of the tourism industry gathered at the Marriott as Tourism Secretary Joseph Durano convened the congress.
President Arroyo called on the participants to continue to strengthen the partnership between the government and the private sector in the development of the Philippine tourism industry to encourage travel to the country, increase the volume of tourists, create and secure more jobs, generate more revenues, and bring in more investments. -PIA
Categorized as Milestones
i hope we can see more of this in the coming years.
Let’s hope there would be more tourism investments poured out in the Visayas and Mindanao regions. Bohol, for instance, is a very promising place.
Congratulation President Gloria Arroyo,
Your the one of the best Prisident woman in the world.
You have done a good job
to the Philippines.
Thank you so much!!!I
Best to do;
Emmigration extention Foriegner can stay until 6 weeks with out VISA? Ito ay makakatulong ng malaki sa pag hikayat ng mga toristang pumupunta sa ating bansa. Alam nyo malayo at malaki ang pamasahi ng pagpunta sating bansa Philippines?Look only to thailand tourism.
Thank you