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Business Insight
Thursday, February 73, 2O2O

Tor-rrism m^y lose P42R

from COVID -19 travel ban
BY WgNDELL VIGILIA Lr,,nr. .Lif.rrr''. cLr-uLrtl l1 Rcp. S,,l rn.l rrrrrtiicd cLorvn irriccs ir;r tlr
.\r,r'q,,n.s rf L rsLrLr,r .Lrttl Sh.rr,r1 mestir: 11ighrs," she sdcl.
'l ( LJltlSr\l Scr:rcLarl llcrnaderrt (l:rrin oi ,\;\NIlJlS OWA party lisL. PLrrrrL cirecl drra ioni rhc Civil
)

lIrrtrulo I:'LrllLt lcsto:tlly srrirl tLc
countrl rna), Irsr rLlr ro ir42 bill-rol]
in tLrrnisnr tcvcnucs bcclnse of tc
stt-ictjons rrn trirlclrrs lrom (lhtt.,r,
Llllrrg l.'on{, NIacau rrrcl'[rrirv:ro
lLlising flrnr the rtcrv colortln.irus
discLsc, norv officirLllv cellctl C()
\/1D-19.
"'J hc trpccLcrl lcrluctjorr ol'
trrur'isr arriveLs lionr thc nlLll;cts
:riticLcd,.r'il1 rcsult in forgonc
rcvrnLrrs lllir rvilL carrJ, over Llllil
r\pr:ii o1' rhis 1.c.rr." I)uyat rolcl rr
joint hcaliru of rhc I iousc corn
trritLccs on tourisrtr rltrl on scrr
T hc tmvcl ban l'es irnposcd Lrn
lrebrLrrry 2, the slnrc day tltc he dr
Jc1)ili tlrcnl rnnoLrncccl thc lir-st
( i)\'lD tq lrt.rlr11.Jn rhc PLrilip
1,nrs. 'fhc l:rr.rJtry rvrs .t Chnc.r
mrn froLn Wuhln Ciq' in Chine,
the tpiccntcr of drc virus or-rtbreali.
Puyrrr s;ricl thc coulttry Lr11\
losc Pl6 biLlion vordr of ror,rrisrr
rctcnr,rcs 1'or lhis month alone but
"eiiolrs rr'c bciLrg unclertal;cl Lr1.
the DO'I to cushrorr thc implct."
"\\'c etc discussirE rollout of
morc v.rluc-acltled tour prcliagcs,
discou1rted uccoruotorlltion riLtcs
,\riirti,rt Bt,llti rirat ,165 flishrs
rt rvccli lte cnocellcrl duc to C(l
\.ID 19.
"Thc cxprctcd rcd Lrctio11 o1'
roulist alir'aLs tloln thc lt,itlicts
afttctcd rvill rcsulr in forgorrc
ra\'cnues tititt wjLl clrrl or,cr untrl
.\Pul of this ),ear," PLrIit srLicl.
Puylrt sili.l thc tourism sector is
worllng to boosl rl(rmcstic tour,
ism, rvith soLlc:rillines lLncl hotels
con-ring up with pronrotions.
Pt csicleot Dlrterte on Afooclai
Sr. TOURISM > Pa;eBZ

TOURISM we.er,pecl thar per monrh, including domesdc

told_local airlines aod the tourism to promore
tourist destinations in the countv as an altemr_
tive ro toutist areas abroad.
Undersecrerary Rosemarie Edillon of the
Nabonal Economic and DeveJopment Authority
said the coLrntry may lose as much as p22," bil_
ton a month because of the CO\4D_2019 scare.
'Applying (rhe) mr.rltiplier effecc of rourism,
arrlrne recerprc .. . we think rr! rn rhe order of
about P22.1 billion per month.,' Edillon told
the Jotnr panel.
"Our esdmare is thac if *ris goes on for iivp
months, so meaning ali che way ro rhe second
quarrer, then the impact on che ()Dp (gross do_
mesoc product) vdl be ar minus 0,3 for the fi.rll
year," Edillon said, noting that the count-ry,s tow_
$m sectot contlibutes 12.7 percent to the GDp

\ +aodr PAve tl