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The Philippines' tourism authority is gravely concerned about the industry's prospects, after Monday's dramatic hijacking.
Tourism is a significant source of the country's foreign exchange revenue, and plays an important role in the country's economy. The latest hijacking deals a heavy blow to the country's image as a regional tourism destination.
Hong Kong reacted to the events by placing the Philippines on a high level travel alert, with all package tours to the country cancelled. The Philippines has been rocked by continuous kidnappings and acts of violence, adversely impacting the country's tourism industry.
Last year, the Philippines received 3 million foreign visitors, a fall of about 4 percent year on year.