Inside the 5 Families Who Hold a Tight Grip on Philippines Tourism

Source: Travel News

Claire Jiao and Abhishek Vishnoi, Bloomberg

Cebu Pacific Air, owned by the Gokongwei family. Claire Jiao and Abhishek Vishnoi, Bloomberg

Skift Take: A handful of families in the Philippines control 70 percent of the country's tourism industry, owning key travel infrastructure such as airlines, hotels, resorts, shopping malls, and tourist attractions. Is that tight control a formula for future success?

— Maria Stella F. Arnaldo

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Inside the 5 Families Who Hold a Tight Grip on Philippines Tourism