Average daily expenditure of international tourists Philippines 2019-2023
The diverse scenic beauty and historically significant sites in the Philippines made it popular with international tourists and have helped spur the growth of the tourism industry to a great extent. Although the average daily expenditure of international tourists has fluctuated since 2019, it remained within the average spending range pre-pandemic. In 2023, this amounted to about 6,900 Philippine pesos, lower than the peak average spending in the previous year.
International tourist arrivals
Among international tourists arriving in the Philippines in 2023, travelers from South Korea were the biggest market. In that year alone, about 1.5 million South Korean nationals arrived in the Philippines. Nonetheless, travelers from the United States recorded the highest tourism-related expenditures in that year, which was twice as much as South Korean tourists.
Contribution of tourism to the economy
The Philippines has a very lucrative tourism industry, with an increasing GDP contribution before the pandemic. While the industry's GDP share has not yet fully recovered in 2023, it was already significantly higher than the contribution in 2020 and 2021. Across tourism-related industries, transport services accounted for the highest gross value added in 2023.