philippine hospitality education macro-environment 2012

Tourism & Hospitality education

Resilient, emerging economy• Supply side: Real estate, BPO most promising sector (20% ave.)• Demand side: Remittances provide momentum for consumption

Political commitment to fiscal sustainabilityPolitical commitment to fiscal sustainability• Intense focus on improving tax collections• Deficit manageable

Sound banking system and fortified reserves• Low non performing loan ratios• Healthy buffer of international reserves

Some risks and challenges to growth• Global economic pressures from Greece• Global economic pressures from Greece• Long term unemployment in Europe and

US• Deceleration of growth in China• Natural calamities

Progress lags behind neighbors

Progress lags behind neighbors• Tourism: Lower visitor arrivals, lower

investment in infrastructure.investment in infrastructure.• Education: Philippines cited as a

“particularly striking example of underparticularly striking example of under--performanceperformance” in educational reforms in the 2010 Education For All (EFA) Global Monitoring Report.

Progress lags behind neighbors

Progress lags behind neighbors

Benefits of progress have not been broadly shared

Issues of massive corruptioncorruption• Philippines ranks 134th134th out of 178

countries in Transparency International’s Corruption Perceptions Index for 2010

Anti-corruption (Integrity mechanisms)• Reform operations of state-owned enterprises • Reform operations of state-owned enterprises

and curb the abuses particularly on excessive bonuses and allowances (GOCC Governance act of 2011)

• Streamline of bureaucratic procedures and foster transparency

• Replacing crucial positions of “integrity”

Public-private partnership projects• Private sector to handle financing,

construction, operation, maintenance, rehabilitation in high priority areas

• Attract much needed foreign investment

Tourism public-private partnershipspartnerships• Infrastructure development• Capacity expansion and

modernization in the accommodation and recreation sectors

Education public-private partnerships• Develop standards and curricula• Monitor indicators• Providing relevant hands-on education

and training that are up to international standards

Participation in developing competency standards and curricula

Societal bias against TVET and insufficient social Societal bias against TVET and insufficient social marketing

Quality of higher education programs (internationally comparable)

Continuing job-skills mismatches (education + absorptive capacity of the economy)

Absorption rate of TVET graduates/total labor force:2005 : 64.6%2008: 55.1%

Availability of support infrastructure (air, land and water)

Healthy business environment

Transparent and proactive rules and regulations

US economy killing liberal arts education

K+12 ongoing

Alternative learning systems

Environmental advocacy

Moratorium on HRM

Absorption rate of TVET graduates/total LF:2005 : 64.6%2008: 55.1%

Total TESDA enrollees: 8,487, 070 (2011 – 2016)8,487, 070 (2011 – 2016)

Of which 60% would undergo skills assessment

Philippine tourism development plan (2011 – 2016)• Accreditation of tourism enterprises

(LGUs, private sector)• Formulation of a national standards and

certification program for tourism facilities and services (international comparability)

Philippine tourism development plan (2011 –2016)• LGUs to seek the assistance of capable public and • LGUs to seek the assistance of capable public and

private higher education institutions (local tourism planning, tour guide services, standards-setting and quality assurance for the hospitality sector, site and institutional development, and the showcasing of cultural heritage).

• Support of Overseas Filipinos in marketing/ as entrepreneurs

One of the youngest population and highest growth rates in Asia

But expected to age soon – with more women But expected to age soon – with more women surviving men

One of the few countries with growing household income

Sizeable ratio of working female population