‘Workcation’ to boost tourism industry
The new ‘workcation’ model, or the combination of remote work and leisure travel, is expected to help in the recovery of the travel and hospitality industries, according to Boston Consulting Group Managing Director and Senior Partner Anthony Oundjian.
In the BusinessWorld Virtual Economic Forum 2021, Oundjian said that this working arrangement will open a “new value pool” in the tourism industry.
AIM Research Manager Eylla Laire M. Gutierrez stated that the model is expected to persist as more employees become engaged in remote working.
Data from the Department of Tourism (DOT) showed that Boracay “experienced a dramatic increase” of tourist arrivals, with a total of 32,452 visitors in October.
Oundjian added that the Philippines and Thailand “should expect to have a very meaningful inflow of Koreans, Europeans, and US citizens as soon as they can.”
In its 2022 outlook report, Fitch Ratings noted that the demand for leisure and personal travel will recover faster than corporate travel due to ramped-up vaccination efforts and the availability of booster shots in several countries.
Related news
- Strong Q1 growth to boost PH to its pre-pandemic levels · 25 May 2022
- PEZA clarifies usurpation complaint filed against OIC · 6 Jan 2023
- PH delegation seeks more tech investments from U.S. · 11 Jan 2023
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
