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Philippine tourism has been largely affected by the bloody hijacking in Manila, which caused the death of eight tourists from Hong Kong.
3.65 million foreigners visited the Philippines in the first five months of this year. Half of them were from the Chinese mainland, Hong Kong, Japan and South Korea.
As a direct result of the hostage crisis, all tours to the Philippines from Hong Kong have been called off for the next two months.
More than 580 seats have been cancelled from the China-Philippine route of Philippine Airlines. The loss to the airline is estimated at 160-thousand US Dollars.