Philippine Department of Tourism (PDOT) Secretary Christina Garcia Frasco shared the Philippine government’s sustainability efforts for tourism and, at the same time, her bold prospects for the industry, before global tourism leaders attending the 10th edition of the Global Tourism Economy Forum (GTEF) in the Macao Special Administrative Region (SAR) on Friday (Sept. 22).
Based on new data from JLL, Asia Pacific hotel investment volumes declined by 51% year-on-year in the first half of 2023 as macroeconomic challenges and the rising cost of debt influenced capital deployment.
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