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 sector contributing the largest share of income of the industry over the past three years. In 2021, the gross value added from this sector amounted to 393.25 billion Philippine pesos.
COVID-19's impact on tourism
The tourism industry across the globe experienced the harshest impacts of the coronavirus (COVID-19) pandemic. Countries were forced to shut down borders and impose nationwide lockdown to limit movement, leading to massive declines in tourist arrivals and expenditures. Overall, the tourism industry’s share of direct gross value added to the country’s GDP also drastically declined during this period.
Travel behavior
According to a May 2020 survey among Filipino travelers and foreign residents in the Philippines, only a small proportion of respondents expressed intent to travel in the next two years. Despite the government’s vaccination efforts, the renewed fear of the new virus variants discourages travelers to take risks.
Gross value added generated from the tourism industry in the Philippines from 2019 to 2021, by type
(in billion Philippine pesos)
Characteristic
Accommodation services for visitors
Food and beverage serving services
Transport services
Travel agencies and other reservation services
Entertainment and recreation services
Country-specific tourism characteristic services and shopping
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 Philippine peso is equal to 0.019 U.S. dollars and 0.018 euros as of June 2022.
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PSA (Philippines). (June 16, 2022). Gross value added generated from the tourism industry in the Philippines from 2019 to 2021, by type (in billion Philippine pesos) [Graph]. In Statista. Retrieved June 30, 2022, 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 from 2019 to 2021, by type (in billion Philippine pesos)." Chart. June 16, 2022. Statista. Accessed June 30, 2022. https://www.statista.com/statistics/1090300/philippines-gross-value-added-tourism-industry-by-type/
PSA (Philippines). (2022). Gross value added generated from the tourism industry in the Philippines from 2019 to 2021, by type (in billion Philippine pesos). Statista. Statista Inc.. Accessed: June 30, 2022. 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 from 2019 to 2021, by Type (in Billion Philippine Pesos)." Statista, Statista Inc., 16 Jun 2022, 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 from 2019 to 2021, by type (in billion Philippine pesos) Statista, https://www.statista.com/statistics/1090300/philippines-gross-value-added-tourism-industry-by-type/ (last visited June 30, 2022)
