Untangling tourism data mess to cost govt P6.8m
Tuesday, June 16, 2015
At present, policymakers and investors in tourism rely mostly on external sources of data for the domestic tourism sector, due to the complex statistical challenge the industry has historically faced.
As a consequence, it is presently unclear how much the sector contributes to the economy, with estimates ranging from 3.7 percent in the 2009 Tourism Satellite Account report and eight percent in the last World Travel and Tourism Council calculation.
While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...