SELLER and Buyer negotiating. Over TPB’s PHITEX 2023 in Cebu City hits over 166 sellers from 119 Philippine companies engaged in deep negotiation with 88 buyers from 19 countries, which resulted to a projected sale of P296 million.
CEBU City – The Philippine Travel Exchange (PHITEX) 2023, organized by the Tourism Promotions Board (TPB) Philippines, yielded over P296Million negotiated sales during its two-day tabletop meetings between international buyers and local stakeholders last September 20-21 at the Fili-NuStar Hotel in Cebu City.
Showcasing the Philippines’ finest tourism attractions, establishments, services, and products to the global audience, PHITEX 2023 brought together a total of 164 seller delegates from 119 Philippine companies and 88 buyers from 19 countries around the world for the travel exchange event graced by Department of Tourism (DOT) Secretary Christina Garcia Frasco and TPB Chief Operating Officer Marga Nograles.
The first day yielded P55M and another P232M on Day 2, as PHITEX 2023 officially generated a grand total of P296,213,032 in projected income including proceeds from sponsorship and participation fees.
TOURISM Secretary Christina Garcia Frasco expressed her appreciation to all the tourism stakeholders, partners, local sellers, and foreign buyers in attendance.
Secretary Frasco, the keynote speaker of the event, thanked the entire delegation for coming. “Our gratitude goes to you for your continued belief in the potential of Philippine tourism and your love for the Philippines,” Frasco said.
Frasco further emphasized the country’s success in tourism recovery, citing the arrival record of over 3.8 million international visitors as of September 19, 2023, with over P316.9 billion in estimated revenue. Noting that PHITEX was inclusive of international buyers, she expressed in her speech what makes the Philippines different as a destination, “the inclusivity of this program beckons international buyers to explore the rich diversity that our country has to offer. But what truly sets us apart as a tourism destination is no other than the best asset of Philippine tourism—the Filipino people,” she continued.
This year, PHITEX embraced the theme, “Tourism Sustainability in the Era of Internet of Things (IoT),” putting a spotlight on the country’s digitalization and sustainability efforts to meet global demands. COO Nograles, in her opening remarks, emphasized the need to go beyond business transactions and highlighted TPB’s efforts to arrange post-tours involving visits to diverse community-based tourist sites that will introduce participating international buyers to grassroots initiatives along with local textiles, culinary treasures, and other eco-tourism activities.
“Amid this transformative surge, the tourism industry must be poised for action. We must not only embrace this digital evolution but also guide the way, ensuring that tradition coexists harmoniously with modernization,” Nograles stressed in line with the expanding IoT that is redefining the whole industry and the tourist experience.
TOURISM Promotions Board Chief Operating Officer Marga Nograles delivered her thank you message on the last day of the travel exchange.
Apart from B2B, PHITEX also functions as an innovative knowledge-sharing platform to local stakeholders and academia members in the field of tourism through its Philippine Educational Program (PEP) Talk. This year’s installment, held at JPark Island Resort and Waterpark in Lapu-Lapu City, covered the latest advancements in IoT, data privacy, and circular economies with speakers such as Maria Raisa Ysaac-Orbon, Chief Marketing Officer of Packetworx Inc.; Maricel Gatchalian-Badilla, PhD., Associate Professor of UP Asian Institute of Tourism; Atty. Francis Euston R. Acero, Vice President and Data Privacy Officer of Meralco; Barry Lim, Senior Director, Public Sector &; Government Practice, Frost and Sullivan-Singapore; and Geoff Andres, Property President of the City of Dreams Manila, generously providing their expertise, competencies, and knowledge in line with the most current tourism trends and sustainability initiatives that can be effectively implemented in the digital era. Promoting gender equality, empowerment and inclusivity was also discussed by Dawn Mendoza, Program Manager of the Philippine Financial &; Inter-Industry Pride, in her talk on Exploring Gender Dynamics in Tourism.
TABLETOP Meeting. PHITEX participants engaged in business exchanges and experience the beauty of the Philippine tourism destinations through pre and post familiarization tours.
The PHITEX 2023 event was organized in collaboration with NUSTAR Resort Cebu, Fili Hotel – NUSTAR Cebu, Destileria Limtuaco & Co. Inc., Uni-Orient Travel, Inc, The Muse Hotel Boracay, Wine Club and Charlton Trade, Cebu Pacific, 2GO, and Bigseed Public Relations and Events.
To commemorate the occasion, in-kind donations were provided by Engkanto, Angkas, and Barcino. Additionally, the guests were given a variety of giveaways and tokens of appreciation from Sunnies Studios, Klook, and Bench.
PHITEX 2023 was also supported by the Department of Tourism Region VII, Office of the Provincial Governor of Cebu, and the local government units (LGUs) of Cebu City, Lapu-Lapu City, Mandaue City, Carcar City, Argao, and Talisay.
For more information about PHITEX, visit https://www.phitex.ph/.
The Philippine Travel Exchange is a signature travel trade show of the Tourism Promotions Board Philippines. The event brings together international buyers and local tourism stakeholders in a business matching environment for individual or group bookings with Philippine companies.
About the Tourism Promotions Board Philippines
The Tourism Promotions Board (TPB) Philippines is the marketing and promotions arm of the Department of Tourism, whose mandate is to promote the Philippines, domestically and internationally, as a leisure, MICE, and investment destination. The agency fulfills its mandate through organizing, participating, or supporting tourism consumer or trade events; expanding media partnerships and advertising; continuing content development and distribution programs; creating thematic and strategic consumer activations domestically and abroad; facilitating familiarization tours for buyers, location scouts, and diplomatic corps members; and engaging its TPB membership program.