News & Events

December 4, 2015

House senior member: PHL continues to attract tourists

MANILA — A senior House member over the weekend expressed confidence that foreign visitors to the Philippines will continue to increase in the months ahead, mainly because of the heavily discounted tours brought about by falling aviation jet fuel prices.

“Spurred by the plunge in jet fuel prices, airlines and travel agents around the world are now selling bargain basement-priced tours, so we still expect arrivals to grow,” said House Deputy Minority Leader and LPG-MA Party-list Rep. Arnel Ty.

According to Ty, at USD 60.10 per barrel, the price of jet fuel has nose-dived 46.9 percent compared to a year ago, and air fares everywhere are going down.

“Cheaper air fares and tours are bound to bring in a greater number of foreign vacationers. This should more than offset any negative publicity from a single untoward incident,” the minority in the House Energy committee said.

Citing figures from Platts, the world’s leading energy information provider, Ty said airlines around the world are projected to amass a combined USD 85.2 billion in cost savings this year as a result of lower jet fuel prices, thus enabling them to offer cut-rate fares.

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