The Philippines lost around P100 million in tourism revenues following the temporary shutdown of the country’s airspace due to a glitch in the air navigation traffic system of the Civil Aviation Authority of the Philippines (CAAP), an economist said Monday.
The Philippines lost around P100 million in tourism revenues following the temporary shutdown of the country’s airspace due to a glitch in the air navigation traffic system of the Civil Aviation Authority of the Philippines , an economist said Monday.
“‘Yung transportation…They also shop, eat out. Mga restaurant. Mga retailers that would be possibly affected. ‘Yung supply chain ng tourism, dugtong-dugtong ‘yun eh,” he said. “Kung na-traumatize sila medyo, eh may kompetisyon, may ibang bansa na pwede pagpilian na tourist destination. Baka maging konsiderasyon yun going forward kaya napaka-importante na seryosohin ito. Nandyan na 'yun eh. ‘Yung accreditation, ranking, recommendation, ratings,” Ricafort added.
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