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Status Of The Philippine Hospitality & Tourism Industry: Survey March-Aug 2020

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Status Of The Philippine Hospitality & Tourism Industry: Survey March-Aug 2020

  • A Sentiment Survey Undertaken in August 2020
Two cartoon characters with quotes taken from Hospitality Business Owners about the impact COVID is having on them

In September 2020 MY RANGGO launched its 2nd survey.  This survey was specifically for Hospitality and Tourism business owners. Our aim was to establish how the COVID-19 Tourism Shutdown has affected their business during the months of March-August 2020.

Read our 1st Survey:  The Effects of COVID19 on Hospitality & Tourism Industry Staff and Owners

 

A total of 88 People with Hospitality & Tourism businesses took our second survey, with 81 survey completions.

40% of those answering our survey have been open for less than 4 years and could be considered most at risk, in terms of surviving closure for 7 months. Business experts give a guide of 2-3 years in operation, on average, before a business starts to make a profit.

22% of those taking part had either already closed permanently, or will close permanently.

The impact of a Tourism Lockdown will not just be directly felt by the Tourism and Hospitality Industry but also other businesses such as realtor and landlords.   31% said they had or would be terminating their Land, or Land & Building Lease, or selling their property. In some cases they will adapt their business to be online but others will close permanently.

Read our latest survey results below:-

Front Cover of a survey on the impact of lockdown on the Hospitality & Tourism Industry in the Philippines

 

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