...The country has one of the longest coastlines in the world and is growing in popularity as a diving destination. ...This will propel growth in the currently underdeveloped hotel and accommodation industry. We caution that there are some risks to this growth potential: relations with China are increasingly strained due to conflicting territorial claims in the South China Sea and this could impact upon reciprocal travel between the two countries. A potential depreciation of the yuan would also negatively impact on Chinese demand for international travel. There is also some risk of a repeat of the devastation seen in the wake of the Typhoon Haiyan in ----. Another similar disaster would have a major impact on the country s infrastructure and potentially deter visitors.
...Total arrivals, --- (LHS) Total arrivals, ---, y-o-y (RHS) ---- ---- ---- ----f ----f ----f ----f ----f - -,--- -,--- -,--- - -- -- - -- e/f = BMI estimate/forecast. Source: BMI, national sources The Philippines benefits from a strong relationship with the US, although most of the inbound travel market is made up of arrivals from countries in the Asia Pacific region. ...Total arrivals, --- (LHS) Total arrivals, ---, y-o-y (RHS) ---- ---- ---- ----f ----f ----f ----f ----f - -,--- -,--- -,--- - -- -- - -- e/f = BMI estimate/forecast. Source: BMI, national sources The Philippines benefits from a strong relationship with the US, although most of the inbound travel market is made up of arrivals from countries in the Asia Pacific region. In ----, North American visitors will account for more than ---,--- of the -.-mn inbound arrivals, increasing to -.-mn in ----. ...We expect similar growth for the remainder of the forecast period, reaching -.-mn in ----. Europe as a source region should grow by -.- in ----, driven by a growth in arrivals from the
...Several countries have issued travel warnings for parts of the Philippines including Mindanao and the Sulu archipelago following the September - bomb attack in Davao City which killed -- people. Travel advisories have also been updated to reflect the growing threat in the Philippines (and other countries in the region, such as Singapore) from the Zika virus. The country reported its first case in early September and since then several more cases have been reported in Iloilo, Cebu and Laguna. Despite these potential risks, the number of visitors to the Philippines continues to rise, supported by new travel connections such as those of Vanilla Air which will offer flights between Tokyo and Cebu by the end of ----. Investment in the hotel sector also continues, with Megaworld reporting plans to develop three hotels under the new Savoy Hotels brand in Cebu, Boracay and Manila. ...
