Source: Travel News
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?
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Inside the 5 Families Who Hold a Tight Grip on Philippines Tourism