OFW remittances fuel PH tourism revival—WorldRemit
Overseas Filipino workers (OFWs) have been a driving force in the Philippine economy for many years, and their contributions have extended beyond remittances. Many OFWs who work for extended periods often seek a chance to return home at the best possible times, such as during vacations. This excitement to make the most of their time with their loved ones has thus become a significant contributor to the country's tourism industry. With families projected to be a dynamic force in post-pandemic travel, OFWs are expected to boost growth through increased transfers to finance more of their families’ leisure activities while abroad. This is on top of their own demand for travel during visits home. "OFWs are one of the largest contributors to our local economy. As more of them return home, we can expect a boost in tourism dollars to further provide lift to the overall economy on top of their vital remittances," said Earl Melivo, Head of APAC at WorldRemit. Contributions like these are pivo
READ MORE...