DEMOGRAPHICS

South America 51%

Central America 72% 88%

96% 97% 103%

102% 109%

Caribbean 44% 72% 82% 92%

Table 1 – IATA’s forecast of Passenger Numbers in comparison to 2019 data

108%

115%

101%

Demographics

It is worth considering the economic outlook in the United States by way of comparison to other demographics who will be the potential buyers and users of the Project.

US Retirees: can they afford to retire?

“According to the Middle series projection, between 2012 and 2060, the U.S. population is projected to grow from 314 million in 2012 to 420 million in 2060, an increase of 34 percent. The nation will also become more racially and ethnically diverse, with the aggregate minority population projected to become the majority in 2043.3 The population is also expected to become much older. By 2030, more than 20 percent of U.S. residents are projected to be aged 65 and over, compared with 13 percent in 2010 and 9.8 percent in 1970.4”

“Our two indicators of retirement adequacy, replacement rates and the percentage of individuals at risk of falling short of maintaining their pre-retirement standard of living during retirement, are similar to those found in the literature.”

Replacement rate thresholds (All demographic group) is x=0.65 that has an average of savings rate of 61% only.

In short, of 314 million retirees, whom will have 65% replacement, can afford to save of their pre-retirement income by 61% only. This translates to approximately: $144,112.50 savings for their entire adult working life. This is a meager outlook for any average American to retire and invest outside the United States. The increasing current inflation under the Biden administration is only exacerbated the outlook for Americans to go overseas for retirement haven.

The above data should not cause for discouragement if tourism is to be considered. Conversely, Americans were the highest accounted volumes of tourists that arrived in the Philippines in June 20215. It should be noted that this does not take into account the residing Chinese who were already working and residing in the country before COVID pandemic.

Rank

1 USA Country

2 JAPAN

3 CHINA

4 KOREA June 2021 % Share

3,291

1,103

1,004

426 27.76%

9.30%

8.47%

3.59%

The material in this plan is private information and is not to be copied or transmitted. This material constitutes intellectual property pursuant to RA 8293 and not to be disclosed to any party without expressed and written consent from the owner. Revision A, 14 July 2005

6 CANADA

7 UNITED ARAB EMIRATES 269

246 2.27%

2.08%

8 INDIA 245

9 UNITED KINGDOM

10 SAUDI ARABIA 231

169

11 BAHRAIN 165

12 INDONESIA 144

Table 2 – Department of Tourism data of Arriving Passengers in June 2021

2.07%

1.95%

1.43%

1.39%

1.21%

Chinese

The proliferation of hotel casinos in the Philippines opened a new opportunity for influx of Chinese workers who are investing mostly in the Capital region Metro Manila. The surrounding condominium units in front of the Mall of Asia catered mostly for this new demographic. Unsurprisingly, one will find many Chinese touring the country’s vast resorts and amenities.

To fully appreciate the enormous population growth between China, India, and the United States, see the infographic below7 .

Figure 4- Population by Age and Sex for China, India, and United States: 2020 and 2060

The material in this plan is private information and is not to be copied or transmitted. This material constitutes intellectual property pursuant to RA 8293 and not to be disclosed to any party without expressed and written consent from the owner. Revision A, 14 July 2005