financeSkift··1 min·For: Owner, Investor, GM
Philippine Travel Tax Repeal Threatens Key Tourism Projects
The Philippine government plans to abolish its outbound travel tax by year-end, risking $136 million in funding that supports tourism infrastructure, airports, and destination development. While hotel groups oppose the repeal due to funding shortfalls, property consultants note that past infrastructure upgrades continue to drive pipeline growth.
Key Takeaways
- 1Repeal of the travel tax puts 95% of TIEZA's budget at risk, threatening critical water, sewage, and airport upgrades.
- 2The Philippine Hotel Owners Association opposes the bill, warning it will drain domestic investment and encourage outbound spending.
- 3Hotel development remains robust where access is secured, with Baguio's pipeline up 78% following highway improvements.
Source: Skift
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