Philippines Tourism Lost Millions Due To Hostage Crisis

Manila hostage crisis has started to show effects on Philippines Tourism. Booking Cancellations since hostage crisis has cost Philippines Tourism around P8 million.

Majority of losses have come due to cancellations from Hong Kong and China. Over 1000 cancellations are reported just for the month of September and tourism industry is expecting more cancellations for October as well.

Outrage in Hong Kong over the death of 8 tourists will have effect on the Philippines Tourism industry for some time to come. People are very angry in Hong Kong, the way Hostage Crisis was handled by the Philippines Police, therefore tourists from Hong Kong are not likely to travel to Philippines for some time.

Travel Advisory from China ensures more trouble for the Philippines Tourism. Since china is also a major market for Philippines, more losses are expected.

On the other hand Hong Kong will also face some heat. Filipino tourists rush to Hong Kong for the months of September and October which is sales season in Hong Kong. Filipino rushes to Hong Kong for shopping during this period, however due to current mood of people of Hong Kong, Filipino are likely to skip this sales season as well.