The Peninsula's Parent Company Seeks a New CEO
Skift Take
- The Philippine Department of Tourism achieved over 5 million international visitors in 2023, nearing pre-pandemic levels, with a focus on their National Tourism Development Plan 2023-2028.
- China's tourism rebound is driven by domestic demand, though sustainability into the next year is uncertain.
- The Hongkong and Shanghai Hotels announced executive changes effective 2024, with a formal search for a new CEO.
The Philippine Department of Tourism said in 2023 they achieved a milestone with over 5 million international visitor arrivals (5,069,752 already) and a substantial increase in tourism receipts, amounting to over PHP458 billion which is 96% of the 2019 figure. The Marcos Administration said central to this transformation has been the implementation of the National Tourism Development Plan 2023-2028 which focused on enhancing connectivity, convenience, and equality within the tourism sector. This serves as the DOT’sstrategic roadmap for the coming years. The DOT said their arrival goals for 2024 will be 7.7 million international visitors. While that will still be below pre-pandemic numbers of over 8.2 million in 2019, they will push hard to meet and beat that target.
The South China Morning Post reported China’s tourism rebound has primarily been driven by a surge in domestic demand as native tourists took enough trips to lift 2023 revenue back in line
