Hotels, restos optimistic about business prospects this Christmas — BSP
Companies in the services sector expect holiday spending to drive sales and even tips.
Philippine companies are generally more upbeat about business prospects during the fourth quarter as they anticipate increased spending over the Christmas season.
Among service-oriented companies, hotels and restaurants are the most optimistic.
“Sentiment was high across the services sub-sectors, with hotels and restaurants posting the highest confidence index, reaching a two-year record-high at 73 percent,” the BSP said in its latest Business Expectations Survey report.
Christmas parties and year-end dinners would definitely mean more business for these segments. Cheers to that!