188bet sports betting app download revenue from foreign tourists in the Philippines fell by 72% from January to July 2020

The author of this article: Economic and Commercial Section of the Embassy of the Republic of the Philippines 2020-08-13
The losses were more than three times the losses during the 2009 global financial crisis。

According to "Philstar" report on August 12,The Philippine Department of 188bet sports betting app download stated that inbound 188bet sports betting app download revenue continued to decline in July,The cumulative decrease in the first 7 months of 2020 reached 72%。January-July,About 1.3 million foreign tourists arrived in the Philippines,Down 73% year-on-year,Inbound 188bet sports betting app download revenue 81 billion pesos,Down 72% year-on-year。The Ministry of 188bet sports betting app download stated that the 188bet sports betting app download industry has been severely affected by the new coronavirus epidemic,Especially after the inbound travel restrictions were implemented in mid-March。It is still uncertain when international passengers will be able to enter the country,The Ministry of 188bet sports betting app download is focusing on the domestic 188bet sports betting app download market。The Philippines has a huge domestic 188bet sports betting app download base,The number of domestic trips in 2019 reached 1.0.9 billion times,The Ministry of 188bet sports betting app download expressed confidence in exploring the local 188bet sports betting app download market,Stimulate local tourist demand,The domestic 188bet sports betting app download market will help the 188bet sports betting app download industry recover。The Philippine domestic 188bet sports betting app download market accounts for the majority of the entire 188bet sports betting app download revenue,Domestic 188bet sports betting app download accounted for 85% of the entire 188bet sports betting app download revenue in 2019,Accounting for 10% of GDP.8%。The Ministry of 188bet sports betting app download stated that the recent domestic travel survey report shows that,77% of respondents expressed willingness to travel domestically after being vaccinated,Indicates that the Philippine domestic 188bet sports betting app download market has great potential for recovery。Affected by the new coronavirus epidemic,The global 188bet sports betting app download industry has suffered losses。According to the United Nations World 188bet sports betting app download Organization report,Global 188bet sports betting app download losses reached US0 billion from January to May this year,More than three times the losses during the 2009 global financial crisis。

*Source of this article: Economic and Commercial Section of the Embassy of the Republic of the Philippines,Original title188bet sports betting app download revenue from foreign tourists in the Philippines fell by 72% from January to July 2020》.

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