Tourism Dept. Encourages MSMEs to Invest in Tourism

Over the years, Philippine Tourism has experienced continued growth. Even locals would want to explore the country.

Homestay in Laguna

The Department of Tourism (DOT) aims to empower MSMEs by educating them on technological advances in the tourism industry, particularly the accommodations sector. MSMEs can invest on airbnbs, inns, boutique hotels, and even homestays.

DOT held its first Invest Tourism Philippines forum, which provided MSMEs with  insights from local investors, businessmen and representatives of various government agencies. DOT Undersecretary for Tourism Regulation, Coordination and Resource Generation Alma Rita Jimenez said the country’s rising arrivals figures, combined with growth of the global travel and tourism sector, paints an attractive picture of the Philippine tourism market, which will encourage foreign investors to do business in the Philippines.

Room for two

Asian Development Bank country economist Aekapol Chongvilaivan provided participants an overview of the current financial status of the Philippines, dubbing the country as a “rising star in Asia” due to the rapid growth of its investment-driven economy.

While the DOT is eyeing to attract foreign investments, Jimenez said opportunities still abound for local investors, driven by the need to address smaller accommodation requirements. Representatives from government and private sectors addressed issues confronting the tourism industry and encouraged multilateral partnership and community involvement to achieve collective growth.

I've experienced staying in boutique hotels and homestays in Sagada and in another country, Malaysia. The room rates are definitely a lot more cheaper. I also enjoyed staying with other guests and the owner's family members.