Tag Archives: increase in tourism

The Department of Tourism (DOT) foresees a robust recovery for Philippines Tourism, underpinned by the encouraging figures in the Philippine Tourism Satellite Accounts (PTSA) for 2022, as compiled by the Philippine Statistics Authority (PSA). The Tourism Direct Gross Value Added share of tourism to the Philippine economy, as measured by the GDP, was estimated at 6.2 per cent for 2022. The TDGVA last year amounted to PHP 1.38 trillion, 36.9 per cent higher as compared with the PHP 1.00 trillion in 2021. Internal tourism expenditure, combining inbound and domestic tourism expenditure, saw a growth last year, tallying PHP 1.87 trillion in 2022, a 131.2 per cent growth from the PHP 810 billion in 2021. Tourism Secretary Christina Garcia Frasco noted the DOT’s commitment to sustain last year’s gains through its seven-point agenda to be pursued by the Marco’s administration. “We are elated by the figures enclosed in the 2022 Philippine Tourism Satellite Accounts. We ascribe last year’s gains to President Ferdinand “Bongbong” Romualdez Marcos Jr., vision, which inspired the DOT, and all players making up the tourism value chain and allowed the Philippines to achieve greater heights,” Secretary Frasco said. “As we continue to ride the wave of travel resurgence coming out of COVID, we in the DOT, acknowledge the initiatives to make the Philippine Tourism sustainable and resilient for the next several years,” she added. The 2022 PTSA showed inbound tourism expenditure posted the growth out of the different forms of tourism expenditure, recording PHP 368.67 billion last year compared with PHP 27.63 billion in 2021. Inbound tourism expenditure, referring to the expenditure of non-resident visitors or those foreign and Filipinos permanently residing abroad, contributed 5.9 per cent to …

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