Negosentro | The Great Era of Economic Growth: The Continues Growth of Tourism in The Philippines This 2024 | Tourism is an important economic industry around the world because it contributes significantly to a country’s economy and development. It comprises a wide range of activities and services that attract domestic and international visitors, generating significant cash, creating jobs, and developing infrastructure. Beyond its economic impact, tourism encourages cultural interchange, international understanding, and the preservation of natural and cultural assets. This basic overview emphasizes tourism’s varied role in influencing a nation’s socioeconomic landscape.
The tourism industry has cemented its vital role as a pillar of growth and economic recovery in the post-pandemic era, with 6.21 million jobs created for Filipinos in 2023, an exponential increase that brings it closer to its 6.3 million target employment in tourism for 2028, or nearly four years ahead, according to the approved National Tourism Development Plan (NTDP) 2023-2028.
This is based on the Philippine Statistics Authority (PSA)’s recent Philippine Tourism Satellite Accounts (PTSA), which were released on Tuesday (June 18). Specifically, employment in tourism-related industries increased by 6.4%, from 5.84 million in 2022 to 6.21 million in 2023. Last year, employment in the tourist industry accounted for 12.9 percent of overall employment in the country.
Similarly, according to the research, tourism had the highest growth rate, accounting for 8.6 percent of the country’s GDP. Tourism Direct Gross Value Added (TDGVA) reached P2.09 trillion in 2023, the highest level since the PSA began recording data in 2000. The figures are 47.9 percent greater than the P1.41 trillion TDGVA in 2022, which contributed 6.4 percent to GDP. The TDGVA is the gross value added by tourism industries and other sectors of the economy that directly service visitors.
”𝘛𝘩𝘦 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘨𝘳𝘰𝘸𝘵𝘩 𝘳𝘢𝘵𝘦 𝘣𝘦𝘪𝘯𝘨 𝘵𝘩𝘦 𝘩𝘪𝘨𝘩𝘦𝘴𝘵 𝘦𝘷𝘦𝘳 𝘳𝘦𝘤𝘰𝘳𝘥𝘦𝘥 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘗𝘩𝘪𝘭𝘪𝘱𝘱𝘪𝘯𝘦𝘴 𝘪𝘴 𝘢 𝘵𝘦𝘴𝘵𝘢𝘮𝘦𝘯𝘵 𝘵𝘰 𝘗𝘳𝘦𝘴𝘪𝘥𝘦𝘯𝘵 𝘍𝘦𝘳𝘥𝘪𝘯𝘢𝘯𝘥 𝘙. 𝘔𝘢𝘳𝘤𝘰𝘴 𝘑𝘳,’𝘴 𝘴𝘵𝘳𝘰𝘯𝘨 𝘦𝘮𝘱𝘩𝘢𝘴𝘪𝘴 𝘰𝘯 𝘱𝘳𝘪𝘰𝘳𝘪𝘵𝘪𝘻𝘪𝘯𝘨 𝘵𝘩𝘦 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘴𝘦𝘤𝘵𝘰𝘳, 𝘢𝘯𝘥 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘤𝘰𝘯𝘴𝘰𝘭𝘪𝘥𝘢𝘵𝘦𝘥 𝘦𝘧𝘧𝘰𝘳𝘵𝘴 𝘰𝘧 𝘵𝘩𝘦 𝘋𝘦𝘱𝘢𝘳𝘵𝘮𝘦𝘯𝘵 𝘰𝘧 𝘛𝘰𝘶𝘳𝘪𝘴𝘮, 𝘰𝘵𝘩𝘦𝘳 𝘨𝘰𝘷𝘦𝘳𝘯𝘮𝘦𝘯𝘵 𝘢𝘨𝘦𝘯𝘤𝘪𝘦𝘴 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘱𝘳𝘪𝘷𝘢𝘵𝘦 𝘴𝘦𝘤𝘵𝘰𝘳, 𝘰𝘶𝘳 𝘵𝘳𝘢𝘯𝘴𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘷𝘦 𝘢𝘨𝘦𝘯𝘥𝘢 𝘧𝘰𝘳 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘩𝘢𝘴 𝘴𝘦𝘵 𝘵𝘩𝘦 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘰𝘯 𝘵𝘩𝘪𝘴 𝘶𝘱𝘸𝘢𝘳𝘥 𝘵𝘳𝘢𝘫𝘦𝘤𝘵𝘰𝘳𝘺 𝘸𝘩𝘰𝘴𝘦 𝘣𝘦𝘯𝘦𝘧𝘪𝘵𝘴 𝘢𝘳𝘦 𝘧𝘦𝘭𝘵 𝘣𝘺 𝘮𝘪𝘭𝘭𝘪𝘰𝘯𝘴 𝘰𝘧 𝘍𝘪𝘭𝘪𝘱𝘪𝘯𝘰𝘴,” said Tourism Secretary Christina Garcia Frasco.
“𝘏𝘢𝘷𝘪𝘯𝘨 𝘢𝘥𝘰𝘱𝘵𝘦𝘥 𝘵𝘩𝘦 𝘕𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘛𝘰𝘶𝘳𝘪𝘴𝘮 𝘋𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵 𝘗𝘭𝘢𝘯 2023-2028 𝘵𝘩𝘢𝘵 𝘴𝘵𝘳𝘦𝘯𝘨𝘵𝘩𝘦𝘯𝘴 𝘵𝘩𝘦 𝘧𝘰𝘶𝘯𝘥𝘢𝘵𝘪𝘰𝘯 𝘧𝘰𝘳 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘰𝘯 𝘪𝘯𝘧𝘳𝘢𝘴𝘵𝘳𝘶𝘤𝘵𝘶𝘳𝘦 𝘢𝘯𝘥 𝘤𝘰𝘯𝘯𝘦𝘤𝘵𝘪𝘷𝘪𝘵𝘺, 𝘢𝘯𝘥 𝘦𝘹𝘱𝘢𝘯𝘥𝘴 𝘨𝘰𝘷𝘦𝘳𝘯𝘮𝘦𝘯𝘵 𝘪𝘯𝘵𝘦𝘳𝘷𝘦𝘯𝘵𝘪𝘰𝘯 𝘪𝘯 𝘵𝘦𝘳𝘮𝘴 𝘰𝘧 𝘵𝘩𝘦 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵 𝘰𝘧 𝘱𝘳𝘰𝘥𝘶𝘤𝘵𝘴, 𝘮𝘢𝘳𝘬𝘦𝘵𝘴, 𝘢𝘯𝘥 𝘥𝘦𝘴𝘵𝘪𝘯𝘢𝘵𝘪𝘰𝘯𝘴, 𝘪𝘵 𝘪𝘴 𝘩𝘦𝘢𝘳𝘵𝘦𝘯𝘪𝘯𝘨 𝘵𝘰 𝘴𝘦𝘦 𝘵𝘩𝘢𝘵 𝘰𝘶𝘳 𝘦𝘧𝘧𝘰𝘳𝘵𝘴 𝘵𝘰 𝘦𝘲𝘶𝘢𝘭𝘪𝘻𝘦 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵, 𝘦𝘯𝘨𝘢𝘨𝘦 𝘪𝘯 𝘴𝘩𝘢𝘳𝘦𝘥 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘨𝘰𝘷𝘦𝘳𝘯𝘢𝘯𝘤𝘦, 𝘢𝘯𝘥 𝘥𝘪𝘷𝘦𝘳𝘴𝘪𝘧𝘺 𝘰𝘶𝘳 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘰𝘧𝘧𝘦𝘳𝘪𝘯𝘨𝘴 𝘩𝘢𝘷𝘦 𝘤𝘳𝘦𝘢𝘵𝘦𝘥 𝘮𝘰𝘳𝘦 𝘫𝘰𝘣 𝘰𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘪𝘦𝘴 𝘢𝘯𝘥 𝘤𝘰𝘯𝘵𝘳𝘪𝘣𝘶𝘵𝘦𝘥 𝘨𝘳𝘦𝘢𝘵𝘭𝘺 𝘵𝘰 𝘰𝘶𝘳 𝘦𝘤𝘰𝘯𝘰𝘮𝘺. 𝘞𝘦 𝘳𝘦𝘮𝘢𝘪𝘯 𝘤𝘰𝘮𝘮𝘪𝘵𝘵𝘦𝘥 𝘵𝘰 𝘧𝘶𝘳𝘵𝘩𝘦𝘳 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘪𝘯𝘨 𝘢𝘯𝘥 𝘱𝘳𝘰𝘮𝘰𝘵𝘪𝘯𝘨 𝘵𝘩𝘦 𝘗𝘩𝘪𝘭𝘪𝘱𝘱𝘪𝘯𝘦𝘴 𝘵𝘰 𝘣𝘦𝘤𝘰𝘮𝘦 𝘢 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘱𝘰𝘸𝘦𝘳𝘩𝘰𝘶𝘴𝘦 𝘪𝘯 𝘈𝘴𝘪𝘢 𝘢𝘴 𝘦𝘯𝘷𝘪𝘴𝘪𝘰𝘯𝘦𝘥 𝘣𝘺 𝘰𝘶𝘳 𝘗𝘳𝘦𝘴𝘪𝘥𝘦𝘯𝘵,” the tourism chief added.
Meanwhile, according to the PTSA research, domestic tourism expenditure increased by 72.3%, from P1.55 trillion in 2022 to P2.67 trillion in 2023. Among types of tourism expenditures, inbound tourism expenditure, which refers to the expenditure of non-resident visitors within the Philippines, such as foreign visitors and Filipinos permanently residing abroad, posted a whopping P697.46 billion in 2023, the highest to date, with an 87.7 percent increase from 371.58 billion in 2022, and higher than the P600.01 billion in 2019.
Meanwhile, outbound tourist expenditure grew by 10%, from P189.29 billion in 2022 to P208.25 billion in 2023. Internal tourist expenditure, which includes both inbound and domestic tourism expenditure, increased by 75.3% from P1.92 trillion in 2022 to P3.36 trillion in 2023.
“𝘞𝘦 𝘸𝘰𝘶𝘭𝘥 𝘭𝘪𝘬𝘦 𝘵𝘰 𝘦𝘹𝘱𝘳𝘦𝘴𝘴 𝘰𝘶𝘳 𝘨𝘳𝘢𝘵𝘪𝘵𝘶𝘥𝘦 𝘵𝘰 𝘢𝘭𝘭 𝘴𝘵𝘢𝘬𝘦𝘩𝘰𝘭𝘥𝘦𝘳𝘴, 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘵𝘩𝘦 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘱𝘭𝘢𝘺𝘦𝘳𝘴, 𝘯𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘨𝘰𝘷𝘦𝘳𝘯𝘮𝘦𝘯𝘵 𝘢𝘨𝘦𝘯𝘤𝘪𝘦𝘴, 𝘭𝘰𝘤𝘢𝘭 𝘨𝘰𝘷𝘦𝘳𝘯𝘮𝘦𝘯𝘵𝘴, 𝘢𝘯𝘥 𝘰𝘶𝘳 𝘥𝘦𝘥𝘪𝘤𝘢𝘵𝘦𝘥 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘸𝘰𝘳𝘬𝘧𝘰𝘳𝘤𝘦, 𝘧𝘰𝘳 𝘵𝘩𝘦𝘪𝘳 𝘪𝘯𝘷𝘢𝘭𝘶𝘢𝘣𝘭𝘦 𝘤𝘰𝘯𝘵𝘳𝘪𝘣𝘶𝘵𝘪𝘰𝘯𝘴 𝘵𝘰 𝘵𝘩𝘪𝘴 𝘱𝘩𝘦𝘯𝘰𝘮𝘦𝘯𝘢𝘭 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘰𝘧 𝘗𝘩𝘪𝘭𝘪𝘱𝘱𝘪𝘯𝘦 𝘵𝘰𝘶𝘳𝘪𝘴𝘮. 𝘛𝘰𝘨𝘦𝘵𝘩𝘦𝘳, 𝘸𝘦 𝘸𝘪𝘭𝘭 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦 𝘵𝘰 𝘸𝘰𝘳𝘬 𝘵𝘰𝘸𝘢𝘳𝘥𝘴 𝘢 𝘷𝘪𝘣𝘳𝘢𝘯𝘵 𝘢𝘯𝘥 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘭𝘦 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘴𝘦𝘤𝘵𝘰𝘳 𝘵𝘩𝘢𝘵 𝘣𝘦𝘯𝘦𝘧𝘪𝘵𝘴 𝘣𝘰𝘵𝘩 𝘰𝘶𝘳 𝘦𝘤𝘰𝘯𝘰𝘮𝘺 𝘢𝘯𝘥 𝘰𝘶𝘳 𝘱𝘦𝘰𝘱𝘭𝘦. 𝘞𝘦 𝘸𝘪𝘭𝘭 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦 𝘵𝘰 𝘧𝘰𝘤𝘶𝘴 𝘰𝘯 𝘪𝘮𝘱𝘭𝘦𝘮𝘦𝘯𝘵𝘪𝘯𝘨 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘤 𝘢𝘯𝘥 𝘪𝘯𝘯𝘰𝘷𝘢𝘵𝘪𝘷𝘦 𝘪𝘯𝘪𝘵𝘪𝘢𝘵𝘪𝘷𝘦𝘴 𝘵𝘰 𝘦𝘯𝘩𝘢𝘯𝘤𝘦 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘪𝘯𝘧𝘳𝘢𝘴𝘵𝘳𝘶𝘤𝘵𝘶𝘳𝘦, 𝘪𝘮𝘱𝘳𝘰𝘷𝘦 𝘷𝘪𝘴𝘪𝘵𝘰𝘳 𝘦𝘹𝘱𝘦𝘳𝘪𝘦𝘯𝘤𝘦𝘴, 𝘦𝘹𝘱𝘢𝘯𝘥 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵, 𝘢𝘯𝘥 𝘤𝘳𝘦𝘢𝘵𝘦 𝘮𝘰𝘳𝘦 𝘦𝘮𝘱𝘭𝘰𝘺𝘮𝘦𝘯𝘵 𝘰𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘪𝘦𝘴. 𝘉𝘺 𝘩𝘢𝘳𝘯𝘦𝘴𝘴𝘪𝘯𝘨 𝘵𝘩𝘦 𝘧𝘶𝘭𝘭 𝘱𝘰𝘵𝘦𝘯𝘵𝘪𝘢𝘭 𝘰𝘧 𝘰𝘶𝘳 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺, 𝘸𝘦 𝘤𝘢𝘯 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦 𝘵𝘰 𝘤𝘰𝘯𝘵𝘳𝘪𝘣𝘶𝘵𝘦 𝘨𝘳𝘦𝘢𝘵𝘭𝘺 𝘵𝘰 𝘵𝘩𝘦 𝘰𝘷𝘦𝘳𝘢𝘭𝘭 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵 𝘰𝘧 𝘵𝘩𝘦 𝘤𝘰𝘶𝘯𝘵𝘳𝘺 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘱𝘳𝘰𝘴𝘱𝘦𝘳𝘪𝘵𝘺 𝘰𝘧 𝘰𝘶𝘳 𝘧𝘦𝘭𝘭𝘰𝘸 𝘍𝘪𝘭𝘪𝘱𝘪𝘯𝘰𝘴.”, tourism chief added.
“𝘞𝘦 𝘦𝘯𝘤𝘰𝘶𝘳𝘢𝘨𝘦 𝘦𝘷𝘦𝘳𝘺𝘰𝘯𝘦 𝘵𝘰 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘢𝘯𝘥 𝘱𝘳𝘰𝘮𝘰𝘵𝘦 𝘵𝘰𝘶𝘳𝘪𝘴𝘮 𝘪𝘯 𝘰𝘶𝘳 𝘤𝘰𝘶𝘯𝘵𝘳𝘺. 𝘓𝘦𝘵 𝘶𝘴 𝘴𝘩𝘰𝘸𝘤𝘢𝘴𝘦 𝘵𝘩𝘦 𝘳𝘪𝘤𝘩 𝘤𝘶𝘭𝘵𝘶𝘳𝘢𝘭 𝘩𝘦𝘳𝘪𝘵𝘢𝘨𝘦, 𝘯𝘢𝘵𝘶𝘳𝘢𝘭 𝘸𝘰𝘯𝘥𝘦𝘳𝘴, 𝘢𝘯𝘥 𝘸𝘢𝘳𝘮 𝘩𝘰𝘴𝘱𝘪𝘵𝘢𝘭𝘪𝘵𝘺 𝘵𝘩𝘢𝘵 𝘮𝘢𝘬𝘦 𝘵𝘩𝘦 𝘗𝘩𝘪𝘭𝘪𝘱𝘱𝘪𝘯𝘦𝘴 𝘢 𝘥𝘦𝘴𝘵𝘪𝘯𝘢𝘵𝘪𝘰𝘯 𝘵𝘰 𝘭𝘰𝘷𝘦,” enthused Frasco.
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