Sta. Lucia banks on tourism sector

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STA. LUCIA Land Inc. (SLI) is capitalizing on the country’s growing tourism industry by doing leisure developments.

Along with parent Sta. Lucia Realty & Development Inc., SLI is expanding its tourism portfolio with the development of 12 world class golf courses, country clubs, and multiple hotels across the country.

In a disclosure to the Philippine Stock Exchange on Monday, SLI cited data from the Department of Tourism which showed that the Philippines registered in 2015 some 5.36
million tourist arrivals which translated to P227.62 billion of revenue.

“This amount is 5.92 percent higher than the previous earnings of P214.88 billion for the same period in 2014,” SLI said. “Countries such as Korea, USA, Canada, Australia and Japan topped the spending of these foreign tourist arrivals.”


SLI said it has put up hotel accommodations in Quezon City, Tagaytay, Cainta, and Cebu.
The firm is also putting up hotels in Iloilo and Davao City.

“We will do more to support this buoyant sector as we continue to embark on tourism related assets,” said SLI Executive Vice President and Chief Finance Officer David Dela Cruz.

SLI noted the growing tourism sector is also supported by domestic tourists, compelling the company to focus on key provincial cities.

“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,” SLI said.

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