TRAVELUpdate PHILIPPINES The total industry read
“Life is like a big Wheel of Fortune that spins and lands on different trials or opportunities.”
DECEMBER 30, 2013 / VOLUME 17 INTEGRATED ISSUE 4
5 Cruise lines ranking released
ISSN 0118-4709
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2014–the Commercial Flight Centennial
Top 10 prediction for the event technology industry in 2014
Tycoons take on domestic tourism ion local t 56 mill ourists...
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t least six of the country’s Forbes 10 richest men have their eyes fixed on the volume potential of domestic tourism as growth in inbound traffic remains at 11 percent and the DOT bats for 56 million local tourists by 2016. Leading the pack is self-made billionaire Henry Sy, Sr. and family who are expanding their reach in retail, hospitality, MICE, recreation, real estate, and, with the opening of City of Dreams Manila, casino. SM Hotels and Conventions Corp. (SMHCC) announced last year that 10 Park Inn by Radisson hotels will be built in five to eight years. It continues the strategic retail-conventions-hotel complex model done with Park Inn by Radisson Davao. The hotel expansion is complemented by SM’s investment in MICE – an SMX will be built in tandem with a Park Inn hotel – and recreation – the opening of Sky Ranch theme park has refreshed Tagaytay’s portfolio of attractions. “Tycoons Take on Domestic Tourism” continued on page 3 >>
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TRAVEL UPDATE PHILIPPINES