A leading European leisure travel company said that the Philippines could become one of the top tourist destinations in the world.
TUI Travel PLC Chief Executive Officer Peter Long said their firm expects to see another 600 million to 700 million people traveling from and within Asia over the next five years — and mainly to other Asian destinations.
Long said that despite the economic slowdown, the Philippines remains resilient since it has a lot to offer to travelers, in terms of destinations.
The Philippine Department of Tourism (DoT) said this development (if it materializes) will translate into economic growth for the country, which will somehow be an offsetting factor against the contagion effect of the ongoing worldwide economic slowdown. (more…)
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