Philippines set to lose P23B monthly in tourism due to COVID-19
The Philippine tourism industry is projected to lose around P23 billion per month due to the COVID-19 outbreak, with total losses estimated at P42 billion from February to April.
Tourism Secretary Bernadette Romulo-Puyat stated that this figure is based on data from the past three years and includes domestic airline receipts.
The Philippines has banned non-Filipino travelers from China, Hong Kong, Macau, and Taiwan, leading to 465 cancelled flights per week.
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