Cebu City drew 403,326 international visitors in 2005, making the "queen city of the south" the top provincial destination of foreign travelers. Data from the Department of Tourism (DOT) also showed that Cebu City attracted 1,813 overseas Filipinos and 712,938 domestic travelers last year. Total number of travelers in the city went up by 10.5 percent to 1.118 million in 2005 from 1.012 million in 2004. Arrivals in Cebu are expected to peak in December 2006, when the city hosts the 12th Association of Southeast Asian Nations (ASEAN) Leader's Summit and the 4th ASEAN Business and Investment Summit.
A new world-class tourism destination being constructed just behind the Quirino Grandstand at Rizal Park in Manila will be opened to the public before Christmas. "This will be comparable to the famous Sentosa Underwater World in Singapore ," said Tina Mistica Santos, marketing manager of the Manila Ocean Park .
Samal Island, Davao
Samal Island offers unending fascination with its white-sand beaches, thick mangroves, coral reefs, rolling hills and rock formations.It is an archipelago of nine islands located in the Davao Gulf about 700 meters south of Davao City. An ideal model for resort and development, Samal Island provides a fabulous site for sunrise and sunset.
BATAC, Ilocos Norte—Garlic farmers in this province have shifted to the planting of other crops, corn in particular, as the unchecked smuggling and open importation of garlic from Taiwan pulled local prices below profitability levels.
According to Batac farmers, what used to be a billion-peso garlic industry in Northern Luzon has now been relegated to a backyard enterprise that is slowly collapsing to extinction because of the country’s allegiance to the World Trade Organization (WTO).
Foreign travel agencies that attended the recently concluded Phitex Philippine Travel Exchange or Phitex 2009 have agreed to promote the Philippines as an ecotourism destination.
Xpert Holidays, a dynamic travel company from Hong Kong which provides personal & professional services to people who are looking for adventurous, exotic and unique holidays, said it will include the Philippines in the promotion of ecotourism to their segment.
“The Hong Kong market is high on eco-travels, and we respond to this by offering one-of-a-kind tours. We have found that the Philippines appealed to a wide range of clients,” said Chi Ping Phoebe Tang, assistant operations manager.
The number of tourists in Boracay rose 12.15 percent year-on-year in the first five months of 2010. Foreign visitors staying at hotels and resorts on the world-famous resort island grew faster at 26 percent, compared to the 6 percent increase among domestic tourists.
Taiwanese and Chinese tourists in Boracay continued to expand with the increase in charter flight operations between Taipei and Kaohsiung in Taiwan and Shanghai to Kalibo.
Ayala Land Inc. has started the construction of the first of its chain of boutique businessmen’s hotels in Fort Bonifacio Global City. Company president Antonino Aquino said the first boutique hotel will be built near the company's upscale West Tower Project at One Serendra. The hotel, with an estimated cost of about PhP1 billion, will have 175 rooms priced under US$100 a night.
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Cebu Air Inc. posted a 47.6-percent decline in profit to PhP3.62 billion in 2011 amid higher fuel costs. The budget airline’s operating expenses in 2011 climbed 34 percent to PhP30.4 billion as fuel costs rose 55 percent to PhP15.22 billion. Fuel costs make up 50 percent of its expenses.
Revenues were up by 16.7 percent to PhP33.93 billion brought about by improving growth in passenger traffic and ancilliary products.
“Amid this challenging cost environment, the company was able to sustain robust Ebitda [earnings before interest, taxes, depreciation and amortisation] and pre-tax core income margins of 23.3 percent and 9.9 percent, respectively,” the company said.
Cebu Pacific is expanding its fleet to 53 aircraft by end-2014 from 37 to increase flight frequency and add new routes. The airline has entered into operating leases for four brand-new Airbus A330 aircraft. These A330s, which are part of the fleet expansion, will be delivered between 2013 and 2014.
The A330 can carry as many as 400 passengers and will allow the company to embark on flights that are within 11 hours from the Philippines.