Monday, July 15, 2024
Reading Time: 3 minutes
The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) forecasts a record-breaking year for Travel & Tourism in the Philippines. The sector’s economic contribution, job numbers, and visitor spending are all expected to reach new highs.
Economic Contribution
The sector’s contribution to the national economy is set to surpass ₱5.4 trillion this year, marking an almost 25% year-on-year growth and soaring 7.1% above the previous 2019 peak. Travel & Tourism now represents more than one-fifth (21.3%) of the country’s…
