Philippines' tourism receipts increased 33% in H1 2024, reaching 282.17B pesos ($4.97B) with 3.17M international arrivals.
Philippines' tourism receipts surged 33% in H1 2024, reaching 282.17B pesos ($4.97B) with 3.17M international arrivals. South Korea remains the top foreign source, and the tourism sector is forecasted to contribute 9.5M jobs, or 20% of the national workforce, by 2024. The World Travel & Tourism Council predicts the industry's contribution to the economy will reach P5.4T in 2024, a 25% increase YoY.
July 11, 2024
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