South Korea and the US were the biggest outbound markets.<\/p>\n\n\n\n\n\n\n\n
The Philippines.-\u00a0Christina Frasco<\/strong>, secretary of the Department of Tourism (DOT), has reported that the Philippines received 1.2 million foreign visitors <\/strong>in the first two months of 2024.\u00a0Up to March 5, the DOT recorded 1,227,815 international tourist arrivals, with 94.49 per cent being foreign citizens. <\/p>\n\n\n\n Speaking at the Philippine Pavilion during the Internationale Tourismus-B\u00f6rse (ITB) 2024 Convention in Germany, Frasco expressed gratitude to sellers and stakeholders for promoting tourism and said the number was a positive indication for the future.<\/p>\n\n\n\n South Korea was the top source market, contributing 28.50 per cent of arrivals, followed by the United States, China, Japan, and Canada. Other key markets include Australia, Taiwan, the United Kingdom, Singapore, and Germany. The Philippines also saw growth in visitor receipts, with a 4.84 per cent increase in January 2024 compared to the same month last year.<\/p>\n\n\n\n For 2024,\u00a0the Philippines aims to attract 7.7 million arrivals<\/a>. Last year, it received 5.45 million international visitors<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" South Korea and the US were the biggest outbound markets.<\/p>\n","protected":false},"author":176,"featured_media":20663,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Philippine Department of Tourism reported 1.2 million international visitor arrivals in the first two months of 2024, signaling robust sector recovery. With South Korea and the United States as primary source markets, this growth, coupled with increased visitor receipts, underpins the nation's ambitious target of 7.7 million arrivals for the year. These metrics are critical for assessing the broader economic environment impacting integrated resort performance and capital market sentiment.","focusai_entities":"Christina Frasco, Department of Tourism (DOT), Internationale Tourismus-B\u00f6rse (ITB) 2024 Convention","focusai_location":"Philippines, South Korea, United States, China, Japan, Canada, Australia, Taiwan, United Kingdom, Singapore, Germany","focusai_target_profile":"ceo_executive (0.75), investor_analyst (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IR GGR Impact?","query":"How might the reported 2024 international tourist arrival figures for the Philippines influence the Gross Gaming Revenue (GGR) and non-gaming revenue projections for integrated resorts in Entertainment City, considering the correlation between tourism volume and gaming verticals?"},{"label":"Capital Market Sentiment?","query":"What is the anticipated impact of these positive tourism indicators on investor sentiment and the valuation of publicly traded hospitality and integrated resort entities operating within the Philippine capital markets?"}],"footnotes":""},"categories":[157,16333],"tags":[23907],"class_list":["post-777013911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777013911"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013911\/revisions"}],"predecessor-version":[{"id":777013926,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013911\/revisions\/777013926"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20663"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777013911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}