Maintaining the status quo

FOLLOWING THE GROWING TRENDS IN TRAVEL – One of the fastest-growing trends in travel nowadays is theme hotels. There are concepts for every taste: from rooms decorated with authentic baskets and pottery made by the natives to an upscale spa that offered such native-inspired treatment as virgin coconut oil and herbal plants, and of course, restaurants which feature seafood and local staples.
This is a real trend for the traveler who has tried it. There’s a whole market segment of travelers from other countries and Asia who are no longer just looking for a place to hang their suits and plug in their laptops. They want a hotel with interesting things to do. Actually smaller hotels helped pioneered the idea.
Many travelers who used to stay at high-concept hotels whenever they are in a place where theme hotels are popular had become frequent guests at these establishments. Some of these hotels are likewise a fitness freak’s paradise offering sports regimen and games: basketball, volleyball, tennis, badminton, swimming and facilities for sports clinic.
But we have yet to see a Davao City-based firm engaged in the hotel business that has a plan to open in the near future a purely theme hotel in the city which would center local history, gracious tradition and culture of specific groups in the region. It would be fantastic to have this type of hotel in the locality and follow the growing trends in travel.
TRANSITORY EFFECT OF FISCAL REFORM – A number of prominent economists and a small but increasingly vocal group of observers which is sometimes spiked with ardent critics insist that the real solution to the nation’s impending economic problems certainly because there is no such thing as a never-ending growth is not bad debt disposal or any economic fixes currently capturing all the attention, but structural reforms designed to remove governmental barriers to free market competition at the domestic level.
Theories and the rules of logic suggest that economic problems besetting any developing country like the Philippines are only temporary consequences of reforms. Right now, economic analysts and financial experts argue that government people are just treating the symptoms temperately and just applying it with “band-aid” solutions because the country’s productivity woes are largely the result of alleged obsolete policy decisions. But what is needed actually is a committed financial reform movement that could maintain the status quo.
However, when it comes to fiscal change the government suffers from what can be called a productivity problem of its own. As the population begins bloating dramatically in the years ahead the country’s productivity crisis will become even starker, as workers will have to perform even more work and more efficiently to maintain the same standard of living. The problem is that in purely economic terms, it is widely believed that increased productivity will lead to permanently high unemployment rate.
Many commentators and opinion makers including leaders of different progressive labor groups claim that high unemployment is unacceptable even if it is only a temporary consequence of reform. For one thing, they emphasized that higher productivity actually leads to lower prices, which spurs increased consumption and requires increased production – and of course, more jobs. Some renowned economists and financial managers likewise noted that another factor holding back the government to implement drastic monetary reforms is the acknowledgement from all affected parties that it would almost certainly bring about lots of long-term pain, including numerous bankruptcies and high unemployment.
There’s no doubt the country’s economic structure still needs a lot of improvement despite improving growth rate, but they further observed that people are afraid of the cost fearing that the result might turn out to be opposite. With reforms in mind, the experts say the country may manage to settle into a kind of well-off status and probably reach a positive level, and finished as an economic achiever before 2013 ends. Experts predicted that the high-growth story in the Philippines is about to come and has already been knocking at our doorstep and a long-run GDP growth rate of 6.5% is probably the best the country can hope for.