SOURCE: Press and Public Affairs Bureau
12 February 2020 10:10:24 PM
The House Committees on Economic Affairs chaired by Rep. Sharon Garin (Party-list, AAMBIS-OWA) and on Tourism chaired by Rep. Sol Aragones (3rd District, Laguna) were informed that boosting domestic tourism is one of the measures that can mitigate the impact of the 2019 novel coronavirus (COVID-19) on Philippine tourism and on the economy. During their joint meeting on Wednesday, Tourism Secretary Bernadette Romulo-Puyat reported that the foregone revenue from China, Hongkong, Macau, and Taiwan arrivals from February to April 2020 is estimated to reach P49 billion. National Economic and Development Board (NEDA) Undersecretary Rosemarie Edillon also said that Philippine GDP is seen to dip by “minus point three” if the outbreak continues into the second quarter of 2020. However, both agencies are counting on domestic tourism to fill the gap given the travel and flight bans currently in place. The joint meeting was held in response to the call of Speaker Alan Peter "Compañero" Cayetano for both committees to study the effects of the COVID-19 outbreak on Philippine tourism and economy.