The figure was up 10.9 per cent in year-on-year terms.<\/p>\n\n\n\n\n\n\n\n
The Philippines.- The Department of Tourism (DOT)\u00a0<\/strong>has reported that the Philippines\u00a0received 3.7 million international arrivals in the first eight months of the year. That\u2019s an increase of 10.9 per cent when compared to last year. The figure represented 92 per cent of arrivals in the country and includes people classified as overseas Filipinos.<\/p>\n\n\n\n South Korea remained the country\u2019s biggest source market, accounting for 26.8 per cent of arrivals (1.08m). The figure was up 13 per cent when compared to last year. The United States was the second-biggest source market with 637,592 arrivals, 15.8 per cent of all arrivals.<\/p>\n\n\n\n There were 260,773 arrivals from Japan, up 33.6 per cent in year-on-year terms, while China fell to the fourth spot<\/strong>, with 174,328 arrivals (6 per cent). This was a 38.3 per cent increase from last year. In August, 21,298 arrivals from China were recorded, a 25.3 per cent decline in month-on-month terms.<\/p>\n\n\n\n For the full year,\u00a0the Philippines aims to attract 7.7 million arrivals<\/a>. Last year, it received\u00a05.45 million<\/a>. In July, tourism secretary Christina Garcia Frasco reported\u00a0that earnings from inbound visitors<\/a>\u00a0reached PHP282.17bn (US$4.83bn) in the first half.<\/p>\n","protected":false},"excerpt":{"rendered":" The figure was up 10.9 per cent in year-on-year terms.<\/p>\n","protected":false},"author":176,"featured_media":17179,"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 Philippines recorded 3.7 million international arrivals in the first eight months of the year, marking a 10.9% year-on-year increase, with South Korea remaining the primary source market. The Department of Tourism aims to achieve 7.7 million arrivals for the full year, signaling a robust recovery in the tourism sector. This growth is expected to significantly contribute to the national economy and potentially uplift related sectors, including integrated resorts.","focusai_entities":"Department of Tourism (DOT), Christina Garcia Frasco","focusai_location":"Philippines, South Korea, United States, Japan, China","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.85), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.8)","focusai_suggestions":[{"label":"IR GGR Projections","query":"Given the 10.9% year-on-year increase in international arrivals and the 7.7 million full-year target, what are the revised GGR projections for integrated resort operators in the Philippines, and how does this impact their capital expenditure plans?"},{"label":"Source Market Diversification","query":"With South Korea dominating and China showing volatility, what strategic initiatives are the Department of Tourism and integrated resort stakeholders implementing to diversify source markets and mitigate geopolitical or economic risks?"}],"footnotes":""},"categories":[157,16333],"tags":[23907],"class_list":["post-777018783","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\/777018783","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=777018783"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018783\/revisions"}],"predecessor-version":[{"id":777018812,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018783\/revisions\/777018812"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17179"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}