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Cebu tourism lost P25B in 2020

PROVINCIAL Board Member Glenn Soco said that for the first semester of 2020 alone, the hospitality and tourism industry in Cebu Province reported an estimated revenue of P25 Billion due to the Covid-19 pandemic.

Meanwhie, the Cebu Provincial Board passed a resolution authored by Soco strongly appealing to all Local government Units (LGUs) and relevant National Government Agencies (NGAs) to intensify programs and implement measures that could revive the ailing economy.

Soco, chairman of the Committee on Enterprise, said the tourism industry is mostly affected by lockdowns because of Covid-19 pandemic like hotel, resort and restaurant.

Soco said that while the world continues to fight and survive against the deadly virus, economies around the world suffer along with it.

He added that in Cebu Province alone, businesses are closed, from major industries and even in diverse business sectors, causing economic recession.

All tourism sites and attractions, hotels, resorts, and other accommodation-businesses closed at the height of pandemic.

He said that with the recent improvement in Covid-19 situation , and in anticipation of the forthcoming vaccine, Cebu Province industries are slowly regaining their foothold a midst losses and difficulties they had to endure to survive. The strong stand of the Provincial Government of Cebu in giving priority and importance in supporting the economy is a welcome development not just by the business sector and the Cebuano workforce.  

The Hotel, Resorts and Restaurants Association of Cebu (HRRAC), headed by its President Carlo Suarez, expressed concerns for the tourism and hospitality sector because of the continued distress experienced by its members. Even established, corporate giants did not survive in the pandemic. It is alarming and at the same time an eye-opener that the economy should not take a back seat in the priority programs of the government despite the continued struggle against Covid-19 and the fear of the emergence of the new COVID strain/variant. ELIAS O. BAQUERO