Press Release - Zubiri: Private sector investments in tourism, power can boost PH competitiveness in Southeast Asia

The country's tourism sector will greatly benefit from private sector investments in the areas of infrastructure and public services that will enable the country to capture a larger market of foreign tourists that are all flocking to our Southeast Asian neighbors.

This is according to former Senate President Juan Miguel "Migz" Zubiri, also the chair of the Senate Committee on Economic Affairs, during the panel's hearing on Senate Resolution No. 1121, or the inquiry into the economic impact of poor and inadequate infrastructure, frequent power outages, and insufficient water supply on the tourism sector.

"Talo naman natin ang mga beach at ang mga tanawin ng mga kapitbahay natin dito sa Southeast Asia," Zubiri said.

"Pero talong-talo nila tayo sa mga airport, sa power supply, sa public transport, at sa connectivity. Kaya napag-iiwanan pa rin tayo, kahit mas maganda naman talaga dito sa Pilipinas," he added.

In 2023, Thailand had the best tourism economy in Southeast Asia, receiving 28 million foreign arrivals. This was followed by Malaysia with 20 million, Singapore with 13.6 million, Vietnam with 12.6 million, Indonesia with 11.7 million, and Cambodia 5.5 million. The Philippines, meanwhile, welcomed only 5.4 million foreign visitors.

"Tourism is the low-lying fruit that can help us increase our GDP growth once we get our acts together," he pointed out. "The market is there, the natural resources are there. We just have to invest in our tourism infrastructure."

Zubiri stressed that the government must partner with the private sector to build the necessary infrastructure for key and rising tourism areas, particularly in terms of developing energy generation, transmission and distribution facilities.

"Walang papasok na investors sa mga tourist destinations natin kung napakataas ng presyo ng kuryente, o kung hindi kaya ng power supply ng mga electric cooperatives ang power demand nila," he added.

"Kung makapasok man sila, sa mga turista at residente naman mismo babagsak ang napakataas na power costs, at ayaw rin natin 'yan," Zubiri continued.

In his conversations with regional stakeholders, the cost and the supply of power emerged as a common deterrent to tourism