Oil price hikes take a toll on Cebu tourism businesses
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CEBU, Philippines – Tourism-related businesses in Cebu are experiencing heavy losses as oil price hikes have reduced the number of clients and brought operating costs to an all-time high.
Orlich Ompad, a pumpboat owner and operator of Orlich Island Hopping and Tours in Mactan Island, said that fuel expenses for their island trips have tripled since prices of fuel drastically increased after the US and Israel launched strikes on Iran in late February.
The pumpboat owner explained that they
Orlich Ompad, a pumpboat owner and operator of Orlich Island Hopping and Tours in Mactan Island, said that fuel expenses for their island trips have tripled since prices of fuel drastically increased after the US and Israel launched strikes on Iran in late February.
The pumpboat owner explained that they
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