jobs – Author Carlo Carrasco

IMF Trims Philippines Economic Growth Projections For 2026 And 2027

January 27, 2026January 20, 2026carlocarrasco

As far as the International Monetary Fund (IMF) is concerned, issues of corruption and climate disruptions are enough to convince them to project economic growth of the Philippines at a slower pace not just for this year but also for next year, according to a Manila Bulletin news report.

To put things in perspective, posted below is an excerpt from the business news report of the Manila Bulletin. Some parts in boldface…

Washington-based multilateral lender International Monetary Fund (IMF) has tweaked downwards its economic growth projections for the Philippines this year and the next, following its more somber outlook for 2025 amid corruption allegations and climate disruptions.

According to the IMF’s updated World Economic Outlook (WEO), Philippine gross domestic product (GDP) is now seen expanding at a slower 5.1 percent, down from its earlier forecast of 5.4 percent—both of which fall short of the country’s already lowered target of at least 5.5 percent.

Despite the cut, the IMF’s forecast remains slightly more optimistic than the Bangko Sentral ng Pilipinas’ (BSP) assumption of a 4.6 percent growth rate, which the central bank has attributed to a loss of confidence tied to governance concerns.

For 2026 and 2027, the IMF also trimmed its growth forecasts to 5.6 percent from a previous 5.8 percent, and to 5.8 percent from 6.1 percent, respectively. The central bank’s projection of 5.4 percent for 2026 stands lower than the IMF’s forecast, while its 6.2 percent forecast for 2027 is higher.

These projections still fall within the revised targets, based on National Socioeconomic Planner Arsenio M. Baliscan’s lower growth assumptions. Baliscan expects growth to clock in at five to six percent in 2026, and 5.5 to 6.5 percent in 2027—both lowered from the earlier goals of six to seven percent.

According to the IMF, the downward adjustment for 2026 and 2027 “reflects the carryover impact from a downward revision in the IMF’s growth forecast for 2025—from 5.4 to 5.1 percent—and a slower pace of capital accumulation.”

It noted that the slashed GDP growth forecast for 2025 reflects the output slump in the third quarter of 2025 “amid recent corruption allegations and climate shocks impacting economic activity in the second half of the year.”

To recall, the Philippine economy expanded by four percent in the third quarter of 2025—the weakest in four and a half years.

Looking ahead, output expansion could accelerate slower than expected mainly due to the potential “escalation of trade restrictions and prolonged uncertainty, geopolitical tensions, and disruptive financial market corrections.”

“On the upside, accelerated implementation of structural and governance reforms can boost investment and foreign direct investments (FDI), increase fiscal multipliers and boost potential growth,” the lender said.

What would drive the economy in the medium term is robust private consumption and higher investment, the IMF said, “supported by monetary policy easing and the authorities’ recent policy initiatives to support private investment.”

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the economy of the Philippines can somehow grow faster than what the IMF projected for 2026 and 2027? Do you think foreign investors have been turned off by the flood control corruption scandals?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Thailand Sets Ambitious Tourism Targets For 2026

January 25, 2026January 20, 2026carlocarrasco

Thailand, the 2^nd most visited nation of Southeast Asia in 2025, has set ambitious tourism targets for itself for 2026 and it includes achieving US$95 billion in tourism revenue, according to a VnExpress news release. Thailand attracted over thirty million international arrivals last year which was actually a decline of more than 7% compared to 2024.

To put things in perspective, posted below is an excerpt from the news report VnExpress. Some parts in boldface…

The Tourism Authority of Thailand (TAT) has expressed confidence that the country’s tourism sector will earn 3 trillion THB (US$95.35 billion) in revenue this year through its “Amazing 5 Economy” strategy.

The plan targets an 11% increase in international visitors, enhanced domestic tourism, and a focus on sustainable, high-quality growth despite global challenges.

TAT aims for 36.7 million international arrivals and about 210 million domestic trips in 2026. Meanwhile, the revenue target includes 2 trillion THB from international markets, with an expected 11% increase in international tourist arrivals, and 1 trillion THB from domestic tourism, projected to grow by 4%, said TAT Governor Thapanee Kiatphaibool.

In 2026, TAT plans to reignite quality tourism growth by addressing challenges such as geopolitical tensions, increasing global competition, and domestic factors like the strong baht, household debt, safety concerns, and natural disasters. The key to success lies in the “Amazing 5 Economy” framework, which includes life economy, sub-culture economy, night economy, circular economy, and platform economy.

In 2025, Thailand recorded total tourism revenue of approximately 2.7 trillion THB. International arrivals reached 32.97 million, down 7.23% year-on-year.

It saw declines in short-haul markets such as Malaysia and China. However, long-haul markets showed strong momentum, with visitors from Europe, the Americas, the Middle East and Africa reaching a record 10.8 million.

Notably, arrivals from the U.K. and the U.S. each surpassed one million for the first time. Domestic tourism also expanded, with more than 202 million trips, up 2.7%.

Let me end this piece by asking you readers: What is your reaction to this development? Have you ever toured Thailand before? If you did, how long did you stay in Thailand and how was your overall travel experience there? Do you think Thailand will be to achieve its ambitious tourism targets this year?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Philippines Attracted 5.94 Million Foreign Tourists And 543K Overseas Filipinos In 2025

January 22, 2026January 22, 2026carlocarrasco

Finally, the Department of Tourism (DOT) revealed that 5.94 million foreign tourists and over 543,000 returning overseas Filipinos arrived in the Philippines in 2025 resulting in tourism revenue of P694 billion, according to a news release by the Philippine News Agency (PNA).

For insight, the Philippines attracted 5,940,975 foreign visitors in 2025 which is 8,375 less compared with 2024’s foreign visitors. Ultimately, the Philippines is still behind many of its Southeast Asian neighbors on international tourism for 2025.

To put things in perspective, posted below is an excerpt from the news article of the PNA. Some parts in boldface…

The Philippines recorded 6.4 million foreign visitors and returning overseas Filipinos in 2025, generating an estimated PHP694 billion in tourism receipts, the Department of Tourism (DOT) said Tuesday.

Citing Bureau of Immigration data, the DOT said 5,940,975 were foreign visitors, including cruise passengers and categories not fully captured in eTravel.

Another 543,085 were returning overseas Filipinos, bringing total inbound arrivals to 6,484,060.

The DOT said preliminary international visitor spending was estimated at PHP694 billion.

While arrivals remain below pre-pandemic levels in 2019, the DOT said the outcome was achieved despite global and domestic challenges, including travel alerts from key markets and fiscal constraints.

The agency said tourism performance should not be measured by arrivals alone, citing strong domestic travel, value creation and job generation.

Guided by the National Tourism Development Plan 2023–2028, the DOT said it remains focused on improving connectivity, safety, workforce skills and service standards.

For insight as to why the Philippines is having a lot of trouble attracting visitors from abroad, watch the YouTube videos below.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you agree with the Department of Tourism’s claim that tourism performance should not be measured by arrivals alone while the Philippines keeps on falling behind its Southeast Asian neighbors that attracted a lot more foreign tourists? Do you think the DOT should examine closely how satisfied or dissatisfied foreign tourists really are before they leave the country? Are you tired of seeing the Philippines failing to hit its annual international tourist arrival targets?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Business Group Proposes New Blueprint To Solve Bottlenecks of Tourism In The Philippines

January 16, 2026January 11, 2026carlocarrasco

Things are clearly not looking good for the Philippines economically and also on international tourism. The Philippines was left behind by many of its Southeast Asian neighbors even as the region attracted more foreign tourists in 2025. Vietnam attracted more than 21 million foreign tourists last year and they are clearly benefiting from the ongoing tourism boom. That said, it is not surprising to see a local business group or federation make noise and urge the government to implement comprehensive reforms to solve the many problems of the tourism industry of the Philippines which the Manila Bulletin recently reported.

To put things in perspective, posted below is an excerpt from news report of the Manila Bulletin. Some parts in boldface…

The Federation of Filipino Chinese Chambers of Commerce and Industry Inc. (FFCCCII) is sounding the alarm on the Philippines’ lagging tourism sector, urging the government to enact sweeping reforms as international arrival figures fall behind regional competitors.

In a statement on Sunday, Jan. 11, FFCCCII President Victor Lim described the current state of the industry as a “pivotal” moment, arguing that structural changes are now an urgent economic necessity.

While neighboring nations in the Association of Southeast Asian Nations are reporting a robust post-pandemic recovery, the Philippines is struggling to regain its footing.

“We, the Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII), urge immediate decisive and comprehensive tourism reforms,” Lim said.

Data from the first 11 months of 2025 showed that the Philippines recorded 5.24 million international arrivals, a 2.2 percent decrease from the same period a year earlier.

The end-November figure also remained 37 percent below the benchmark levels seen in 2019, before the pandemic disrupted global travel.

Lim said the decline posed a direct threat to the broader economy, noting that tourism is a critical engine of inclusive growth. The sector is a primary employer and a lifeline for micro, small, and medium enterprises across the archipelago.

The federation identified three systemic hurdles: a “hassle factor” caused by congested airports and poor digital connectivity, uncompetitive visa policies that act as a deterrent compared to the streamlined entry points of regional peers, and a fragmented marketing strategy that fails to capitalize on the country’s cultural heritage.

To reverse the trend, the FFCCCII proposed a “Blueprint for Immediate Reform.” The plan calls for an “ASEAN-competitive” visa regime and a “connectivity revolution” to modernize primary gateways and facilitate easier travel between islands.

Lim also cited the need to pivot promotional efforts toward “The Philippine Experience,” moving beyond traditional sightseeing to highlight the nation’s history and hospitality.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the FFCCCII is correct about the current state of Philippine tourism? Do you find the FFCCCII’s proposal sensible and believable? Do you think the Department of Tourism (DOT) should take the FFCCCII’s proposal very seriously? Do you thinking it is inevitable that other business chambers from around the Philippines will push for tourism industry reforms?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Vietnam Attracts All-Time High 21.2 Million Foreign Tourist Arrivals In 2025

January 10, 2026January 6, 2026carlocarrasco

Vietnam, a nation ravaged by war decades ago, has emerged as a major tourism magnet in both Southeast Asia and Asia as a whole after successfully attracting more than twenty-one million foreign tourists in 2025, according to a VnExpress International news report. The figure is a new all-time high. What Vietnam achieved was more than 20% higher than its 2024 foreign tourist numbers. For 2026, Vietnam is aiming high with a target of 25 million foreign visitors.

To put things in perspective, posted below is an excerpt from the news report VnExpress. Some parts in boldface…

Vietnam welcomed a record number of foreign tourists in 2025 with 21.2 million, up 20.4% from the previous year and the highest ever, according to General Statistics Office.

Mainland China was Vietnam’s biggest source of visitors last year with 5.2 million arrivals, up 41% year-on-year, followed by South Korea with 4.3 million and Taiwan with 1.23 million.

The U.S. ranked fourth with 848,000, followed by Japan with 814,000. The rest of the top 10 were India (746,000), Russia (689,000), Cambodia (687,000), Malaysia (573,000) and Australia (548,000).

Tourism industry insiders attributed Vietnam’s strong performance to visa reforms.

*Foreign tourists welcomed in Vietnam. (photo credit: Ho Chi Minh City Department of Tourism)*

In March the government decided to extend visa exemptions until 2028 for citizens of 12 countries: Denmark, Finland, France, Germany, Italy, Japan, Norway, Russia, South Korea, Spain, Sweden, and the U.K.

In August it waived visa requirements for stays of up to 45 days for citizens of 12 more countries: Belgium, Bulgaria, Croatia, Czechia, Hungary, Luxembourg, the Netherlands, Poland, Romania, Slovakia, Slovenia, and Switzerland.

This expanded the unilateral visa waiver list to 24 countries and the total number including bilateral waivers to 39.

Let me end this piece by asking you readers: What is your reaction to this development? Considering the strong international tourism momentum it has right now, do you think Vietnam will succeed in attracting 25 million foreign tourists this year? Do you think a lot more visitors from Europe will come to Vietnam this year?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Influential Japanese Business Lobby Calls For Greater Government Role In Issues Related With Foreigners

January 6, 2026January 1, 2026carlocarrasco

As Japan struggles with economic challenges, an aging population, immigration and filling up the gaps of its workforce, an influential business lobby called for a stronger role by the government on issues related to foreign residents, according to a Kyodo News article. It should be noted that new rules regarding foreigners will be announced this month.

To put things in perspective, posted below is an excerpt from the news release of Kyodo News. Some parts in boldface…

Japan’s most influential business lobby has urged the government to show stronger leadership on issues concerning foreign residents and enact a “basic law” on policies related to non-Japanese as they become a growing part of the labor force and society.

The Japan Business Federation called for the establishment of a permanent headquarters led by the prime minister that will compile policies related to foreigners across agencies and ministries, saying a ministerial meeting launched by Prime Minister Sanae Takaichi in November was positive but insufficient.

The federation, also known as Keidanren, pointed out in a set of proposals released in mid-December that issues remain under the current framework regarding the effectiveness of medium- to long-term policymaking.

“A framework in which strong political leadership can be exerted is needed,” the group said.

It highlighted the need for a new ministerial post dedicated to foreigner-related policies with the authority to recommend that other agencies and ministries carry out investigations or formulate new rules.

The federation stressed that Japan is at a “turning point,” with steps to promote the smooth integration of foreign workers and their families into society essential, particularly with regard to education and social services.

With Japan’s population shrinking, the number of foreign residents will likely continue to rise beyond 2030, the group said.

It also noted “public anxiety and a sense of unfairness” in Japan, prompted by media reports that some foreigners were engaging in illegal activities and not complying with rules.

The House of (Councilors) election in July saw increased support for a populist party that campaigned on a “Japanese First” platform.

Takaichi, known for her conservative views, set up the ministerial meeting to demonstrate a stricter approach to foreigner-related issues, saying the government is seeking to “build a safe, secure, orderly, and inclusive society for the (Japanese) people and foreigners living in our country.“

As in a previous set of proposals released in 2022, the federation called for a shift in mindset from “passive acceptance of foreigners” to “strategic acquisition of foreign talent.”

It suggested placing more focus on the quality as well as quantity of foreigners accepted, including clearly defining what kind of human resources the country is hoping to attract from overseas.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the central government of Japan will be able to come out with new rules on foreigners that will make sense socially and economically?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Prime Minister Takaichi Intends To Strengthen Japan With Reforms

January 2, 2026January 1, 2026carlocarrasco

With countless challenges – both internal and external – affecting Japan every day, Prime Minister Sanae Takaichi is determined to make the nation stronger and more prosperous by implementing reforms, according to a Kyodo News article. The Prime Minister delivered her New Year’s statement.

To put things in perspective, posted below is an excerpt from the news release of Kyodo News. Some parts in boldface…

Prime Minister Sanae Takaichi on Thursday pledged to make Japan “strong and prosperous” by carrying out “necessary reforms” to address various domestic and global challenges.

In her New Year’s statement, Takaichi, who became Japan’s first female prime minister on Oct. 21, said her government is committed to building a nation where younger generations can believe in the future and live in hope.

Takaichi emphasized that Japan faces a shrinking population, rising living costs after decades of deflation, and what she described as “the most severe and complex security environment” since the end of World War II.

Globally, political and economic uncertainties are growing as “the free and open international order is being shaken and hegemonic moves are increasing,” she said, in an apparent reference to China’s escalating military activities and Russia’s invasion of Ukraine.

Takaichi took office after winning the Liberal Democratic Party leadership race in early October, succeeding Shigeru Ishiba, who had announced the previous month that he would resign following the party’s heavy setback in the House of Councillors election in July.

With Takaichi’s Cabinet maintaining high approval ratings — well above those of her immediate predecessors — parliament is set to begin this year’s 150-day regular session on Jan. 23.

Let me end this piece by asking you readers: What is your reaction to this development? Apart from the pending new rules on foreigners, what kind of social and economic reforms do you think Prime Minister Takaichi and her administration will come up with over the next six months? Do you think the government will be able to come up with new policies to encourage married couples to have more children?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Advisory Panel Calls For Tighter Japan Immigration Control

December 30, 2025December 30, 2025carlocarrasco

Let us be very clear here. Japan has all the authority to decide how to manage its internal affairs, national security and the presence of foreigners in their country. That being said, tighter control on immigration by Japan could become a reality as an advisory panel called for it, according to a Kyodo News release.

That’s not all. The same panel also called for more opportunities for foreign residents to learn Japan’s language and enhance their understanding of the nation’s culture and norms.

To put things in perspective, posted below is an excerpt from the news release of Kyodo News. Some parts in boldface…

Japan must strengthen its immigration control to prevent illegal employment while providing more opportunities for foreign residents to learn the Japanese language and deepen their understanding of its culture, an advisory panel said Monday.

The panel, mostly consisting of academics, submitted its recommendations to Justice Minister Hiroshi Hiraguchi as his ministry plans to update its basic plan on immigration to realize a more inclusive society in which both Japanese and non-Japanese residents coexist amid a recent sharp rise in foreign residents.

In the report, the panel cited cases of foreigners holding the specialist visa for engineers, interpreters and international service professionals being dispatched instead to illegally work as unskilled laborers.

It urges that the country’s immigration authorities get a grip on the situation and make revisions as needed to the current immigration control and residency management system.

The panel also called for more steps to help foreign residents integrate smoothly into society by holding seminars designed to improve their Japanese language skills and learn about Japanese culture and customs.

Let me end this piece by asking you readers: What is your reaction to this development? If you intend to enter Japan with work and residency in mind, are you willing to go through a tighter immigration process and attend Japanese language training? Do you have high respect for the authorities in Japan?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Foreign Resident Population In South Korea Reaches New All-Time High

December 30, 2025December 22, 2025carlocarrasco

Have you ever thought about entering South Korea with employment and residency in mind? The economic giant of Asia saw its foreign resident population reach a new all-time high and it has something to do with the arrival of young migrants and foreign students, according to a news report by VnExpress. Not only that, Vietnam’s own people in South Korea got counted as a fast-growing demographic.

To put things in perspective, posted below is an excerpt from the news report VnExpress. Some parts in boldface…

South Korea has reached a new demographic milestone with its foreign resident population hitting an all-time high, a trend fueled largely by an influx of young migrants and international students, particularly from Vietnam.

As of May, the number of foreign residents aged 15 and older stood at approximately 1.69 million, representing an 8.4 % increase compared to the same period last year, according to a survey by the Ministry of Data and Statistics. This shift comes against the backdrop of a total national population of roughly 51.8 million.

While ethnic Koreans from China continue to comprise the largest foreign resident group at 506,000, Vietnamese nationals have emerged as the fastest-growing demographic. Vietnamese residents now rank second with a population of 270,000, expanding much more rapidly than any other major group.

A major portion of this growth is driven by the education sector, according to the Korea Times.

The overall number of student visa holders rose by 18.2%, or 36,000 people, in just one year. Data highlights the prominence of the Vietnamese community within this sphere, as Vietnam currently ranks first with approximately 100,000 students in South Korea, followed by China with 45,000 and Uzbekistan with 17,000.

The rise in international students, attributed to the global appeal of Korean culture and government initiatives, is reshaping the visa landscape.

While ethnic Korean visas (F-4) and low-skilled worker visas (E-9) still account for the largest raw numbers at 410,000 and 321,000 respectively, professional visa categories are seeing sharp increases. The number of professional workers jumped 25.7% to 82,000, while the population of workers holding permanent residence visas grew by 17.1% to 123,000.

The report also identifies a shifting mindset among these new arrivals, noting a growing preference for long-term settlement over short-term employment.

Among those without permanent residency status, more than 89 % expressed a desire to remain in South Korea. This sentiment is strong among the student population as well, with 65.5 % stating they plan to continue living in the country after graduation, citing high satisfaction with the quality of education and academic programs.

The surge in migration has had a tangible impact on the labor market. More than 1.1 million foreign residents were employed as of May, marking a 9.8% year-on-year rise, the highest employment level recorded since the ministry began collecting such data in 2017, Yonhap reported.

The employment rate among foreign residents reached 65.5%, up 0.8 percentage points from the previous year.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think South Korea can benefit economically and socially from the growing foreign resident population? Do you think time will come when foreign residents will eventually displace South Korea’s citizens on employment, local communities and business? Do you know anyone who wants to study in South Korea or enter the country as a foreign investor? Do you think South Korea has secured itself from human trafficking?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Philippines Attracted Only 5.235 Million International Tourist Arrivals In January-November 2025 Period

December 23, 2025December 17, 2025carlocarrasco

Even though there already is a foreign tourism boom in Southeast Asia, the Philippines has literally been left behind by its neighbors as it attracted only 5.235 million international tourist arrivals for the period of January to November 2025, according to a news report by BusinessWorld.

For the newcomers reading this, the Philippines has been struggling throughout the year when it comes to attracting foreign visitors. In 2024, the Philippines attracted 5,949,350 foreign visitors which is way off the declared target of 7,700,000. A real estate advisory firm pointed to domestic travel as the key for the recovery of the nation’s tourism industry. Read my previous blog post by clicking here.

To put things in perspective, posted below is an excerpt from the report of BusinessWorld. Some parts in boldface…

VISITOR ARRIVALS in the Philippines fell by 2.16% in the first 11 months, amid a decline in tourists from South Korea and China, Tourism department data showed.

Data from the Department of Tourism (DoT) showed international tourist arrivals dropped to 5.235 million in the January-to-November period from 5.35 million in the same period in 2024.

Of the tourist arrivals, the bulk or 4.918 million were foreign tourists, while the rest were overseas Filipinos.

South Korea remained the biggest source of tourists in the first 11 months, accounting for 21.66% of the total. While 1.134 million South Koreans visited the Philippines as of November, this was a 21% decline from the 1.436 million Korean tourists a year ago.

The US was the second-biggest source of tourists, at 894,835 or 17.09% of the total as of end-November. This was 6.57% higher than last year’s 839,635 tourist arrivals from the US.

Japan was the third-biggest source of tourists, accounting for 406,794 or 7.77% of the total, 15.36% up from 352,630 a year ago.

Tourist arrivals from Australia increased by 16.17% to 268,892 in the 11-month period. Meanwhile, tourists from China fell by 16.55% to 248,339 as of end-November.

The other top markets were Canada, Taiwan, the United Kingdom, Singapore, and Malaysia, which cumulatively accounted for 793,750 of the total arrivals.

“The weaker South Korean won amid a volatile political and economic situation over the past year and slower economic growth in China, which is the world’s second-biggest economy, on top of territorial disputes partly weighed on foreign tourism numbers,” Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

Mr. Ricafort noted that the government should improve infrastructure to make it more convenient for tourists to travel around the country.

“Challenges include the need to further expand and develop tourism-related infrastructure such as airports, seaports, accommodation facilities, and train systems, including the Metro Manila subway and toll roads,” he added.

Despite the decline in the first 11 months, Mr. Ricafort said that it is still possible for the country to surpass the tourist arrivals last year, which reached 5.949 million.

“It is still possible, considering some seasonal increase in foreign tourists during the Christmas holiday season, especially overseas Filipino workers and balikbayans, to spend the most festive time of the year, while others escape winter,” he said.

“A higher US dollar-peso exchange rate would make it cheaper for foreign tourists to come to the Philippines,” he added.

Meanwhile, Mr. Ricafort noted the growth in tourist arrivals from India and other countries, which helped “offset the decline in major traditional sources such as South Korea and China.”

India was the 11th biggest source of tourist arrivals in the January-to-November period, accounting for 85,885 or 1.64% of the total. Tourists from India increased by 17.06% from 73,369 arrivals in the same period in the previous year.

Earlier this year, the Philippines and India signed the Implementation Program on Tourism Cooperation for the years 2025 to 2028.

For his part, Colliers Research Director Joey Roi H. Bondoc said that with only 5.235 million as of end-November, it will be difficult for the country to even surpass last year’s arrivals.

“I think it will be very difficult… We may not be able to beat that or even meet that, but of course we want to end the year stronger,” he said in a phone interview.

“We see a lot of foreign tourists still in December because of the holiday season. Definitely that optimism should spill over to next year,” he added.

As for the drop in arrivals from South Korea, Mr. Bondoc attributed this to the economic downturn and political crisis in the country.

“If you look at some integrated casinos, they were initially targeting Koreans… so they are experiencing the pinch of slower arrivals from South Korea,” he said.

Mr. Bondoc said the Philippines should try to attract tourists from other markets.

For further insight about the tourism industry problem of the Philippines, watch the CNA Insider video below.

Let me end this post by asking you readers: What is your reaction to this recent development? Did you think the Philippines can still beat its 2024 record of international visitor arrivals and generate huge revenues for the economy? Do you think the current administration will be able to improve the nation’s infrastructure and make travel more efficient and convenient for all tourists? Do you think the Philippines is too expensive when it comes to air travel?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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