The Southeast Asian nation of the Philippines is a popular travel destination due to the several islands that form its topography. Tourism is a thriving source of revenue for the country, with the transportation services sector contributing about *** billion Philippine pesos, which was the largest share of the industry's income in 2024.
Post-COVID tourism recovery
After the travel restrictions imposed in 2020 until the early months of 2022, the tourism sector in the Philippines has finally shown signs of recovery. International tourist arrivals reached about **** million in 2024, reflecting a gradual increase since 2021. Tourism receipts also surpassed 2019 values, with tourism from South Korea and the United States being the country's leading tourist markets. Despite the inbound tourism recovery, domestic tourism expenditures remained the biggest contributor to the industry's revenue.
State of outbound tourism
In comparison to inbound and domestic tourism, outbound travel contributes the lowest expenditure in the Philippines. Across the different tourism-characteristic industries, spending on outbound tourism was highest for accommodation services, followed by food and beverage. Between May and December 2024, popular destinations for Filipino tourists were Hong Kong, Singapore, and Japan.
According to the source, the gross value added of the tourism industry (GVATI) was derived based on production accounts of tourism industries and other industries and total domestic supply and internal tourism consumption which were computed using the data from the input-output table, input-output survey of Philippine Business and Industry and the National Accounts of the Philippine Statistics Authority.
One Philippines peso is equal to 0.018 U.S. dollars and 0.016 euros as of June 2025.
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PSA (Philippines). (June 19, 2025). Gross value added generated from the tourism industry in the Philippines in 2024, by type (in billion Philippine pesos) [Graph]. In Statista. Retrieved July 05, 2025, from https://www.statista.com/statistics/1090300/philippines-gross-value-added-tourism-industry-by-type/
PSA (Philippines). "Gross value added generated from the tourism industry in the Philippines in 2024, by type (in billion Philippine pesos)." Chart. June 19, 2025. Statista. Accessed July 05, 2025. https://www.statista.com/statistics/1090300/philippines-gross-value-added-tourism-industry-by-type/
PSA (Philippines). (2025). Gross value added generated from the tourism industry in the Philippines in 2024, by type (in billion Philippine pesos). Statista. Statista Inc.. Accessed: July 05, 2025. https://www.statista.com/statistics/1090300/philippines-gross-value-added-tourism-industry-by-type/
PSA (Philippines). "Gross Value Added Generated from The Tourism Industry in The Philippines in 2024, by Type (in Billion Philippine Pesos)." Statista, Statista Inc., 19 Jun 2025, https://www.statista.com/statistics/1090300/philippines-gross-value-added-tourism-industry-by-type/
PSA (Philippines), Gross value added generated from the tourism industry in the Philippines in 2024, by type (in billion Philippine pesos) Statista, https://www.statista.com/statistics/1090300/philippines-gross-value-added-tourism-industry-by-type/ (last visited July 05, 2025)
Gross value added generated from the tourism industry in the Philippines in 2024, by type (in billion Philippine pesos) [Graph], PSA (Philippines), June 19, 2025. [Online]. Available: https://www.statista.com/statistics/1090300/philippines-gross-value-added-tourism-industry-by-type/
