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(Photo from Marco Polo Davao) DAVAO CITY - The City Tourism Operations Office (CTOO) here on Monday said the economic outlook is well on its way to recovery as the city's first five-star Marco Polo hotel has promised to reopen this year. "It is very welcome news. Marco Polo is an icon in Davao City's tourism industry. To have it reopen signifies that the management is confident with the economic outlook of the city and its ability to bounce back after the pandemic," CTOO chief Generose Tecson told Philippine News Agency (PNA). One indicator of the revival of the city's economic vigor is the notable increase in applications to renew their business permits, she added. In February 2022, the Davao City Business Bureau processed 38,832 business renewals, noting the 162 new business registrations in January. At the onset of the pandemic, Marco Polo Davao ceased operations affecting more than 200 hotel workers. The Apo View Hotel also temporarily closed in 2021 but annou

Davao cityMarco poloGenerose tecsonFrancis ledesmaHalifax davao hotel incDepartment of tourismCity tourism operations officeApo view hotelMarco polo hotel davaoPhilippine news agencyDavao city business bureauMarco polo davaoMindanao journalDavao regionTanya rabat tanHoto from marco polo davao city the tourism operations office ctoo here on monday said economic outlook is well its way to recovery as 39s first five star hotel has promised reopen this year quot it very welcome news an icon in industry have signifies that management confident with of and ability bounce back after pandemic