Foreigners’ shopping seen aiding tourism rebound

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The story "Foreigners’ shopping seen aiding tourism rebound" was covered 19 hours ago by Business Mirror, a news publisher based in Philippines.

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Foreigners’ shopping seen aiding tourism rebound - Business Mirror

Quick Summary:

Official data as of 2022 now show shopping had a 22-percent share in the total spending by foreigners, although this is lower than what tourists spent on accommodation, food and beverage, and transportation services.

The goods eligible for refund are those purchased by the tourist in “duly accredited stores,” and are “taken out of the country by the tourist within 60 days of purchase.” Further, the refund may be received “either electronically or in cash,” said the bill.House OKs ₱6.

Veteran tourism leaders have long advised the Department of Tourism to tweak its promotions strategy and spend more on attracting other key markets.(See, “Sans China, PHL must lure other Asians, Europeans,” in the BusinessMirror, June 17, 2024.