Tourism is an important industry in the Philippines because it provides a direct source of income to the country. It is a significant contributor to the economy, adding 5.8 percent of direct gross value to the GDP from 2000 to 2010, and generates earnings from foreign exchange, revenue and employment.Continue Reading
Tourism is a major employment generator, both directly and indirectly. Tourism quickly creates income for small and large businesses, for the government through sales tax revenues and for households through wages from tourism-related jobs. The income collected by the government in the form of taxes is provide activities, services and products used by tourists. The surge of jobs in a tourist-flocked spot promotes vocational and skills development, opens up opportunities for youth to gain experience and knowledge and allows the government to export world-class services.
The development of tourism in regions and provinces away from the metropolitan area paves the way for tourism infrastructure spending. The once poorly developed areas are integrated with proper infrastructures and are given more opportunities for economic growth. Tourism also improves the Philippines' image in the international trade. A travel-friendly country promotes a culture of tourism, where visitors, locals and the whole community are able to share a safe and clean environment.Learn more about Economics