PHILIPPINES - $3 billion in tourism revenues expected this year

The Philippine Star, april 10, 2007

The Department of Tourism (DOT) expects an increase of $3 billion in revenues this year with the anticipated growth in foreign arrivals that officials said would spur more investments in the industry.
Tourism Secretary Joseph Durano said Saturday the department is expecting international arrivals to hit 3.1 million this year, 100,000 higher than its three-million target last year.
"This should translate to $3 billion in tourism receipts. This growth in arrivals will support ongoing expansions and new investments," Durano told The STAR.
In 2006, international tourism receipts from 2.84 million visitors to the Philippines totaled $2.7 billion or about P135 billion.
Durano said in February alone, foreign arrivals rose by 11 percent compared to figures in the same period last year.

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