Despite the steeper and quicker increase in consumer prices, people are still wiling to spend on travel to reconnect with family and friends. Know more:
DESPITE the steeper and quicker increase in consumer prices, people are still wiling to spend on travel to reconnect with family and friends.
He added that top international routes are Seoul, Singapore, Bangkok and Bali. For the domestic routes, it’s almost the same: Caticlan, Tagbilaran, Cebu, Puerto Princesa and Tacloban, he added. “Surprisingly people still travel. I think there’s still there’s the longing they want to reconnect with their families and also they want to relax. Maybe it’s also aligned with your mental health concern, because if you’ve been on lockdown for the past two years, you also want to see the beach, you also want to see the mountains.”
The Bangko Sentral ng Pilipinas has projected the inflation rate for September to settle within a range of 6.6 percent and 7.4 percent, on the increase in electricity rates and continued price push of key food items and the weaker peso. Inflation was recorded at 6.3 percent in August from 6.4 percent the previous month, for a year-to-date rate of 4.9 percent.“We have more exhibitors than in 2019,” pre-pandemic, Abling-Yu said.
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