Cainta—(PHStocks)—According to the Department of Tourism, from January to December 2015, the Philippines generated earnings amounting to PhP227.62 billion from 5.36 million visitors. This amount is 5.92% higher than the previous earnings of PhP214.88 billion for the same period in 2014. Countries such as Korea, the United States, Canada, Australia and Japan topped spending of these foreign tourist arrivals.
Sta. Lucia Land Inc. (PSE: SLI) along with its parent company Sta. Lucia Realty & Development Inc. , has continued to expand its tourism portfolio by building over 12 world class golf courses, country clubs and multiple hotel developments nationwide. Also, SLI has embarked on providing quality hotel accommodations in Quezon City, Tagaytay, Cainta and Cebu and new developments in Iloilo and Davao City as well.
SLI has maintained its focus to grow in key cities nationwide with developments in Dagupan City, CALABARZON area, Iloilo, Cebu, Palawan, General Santos City and Davao.
The growth of the tourism industry was brought about by demand not just from foreigners but also from locals.
“We will do more to support this buoyant sector as we continue to embark on tourism related assets.” stated David M. Dela Cruz, EVP/CFO of SLI.