Underpinned by the encouraging figures in the Philippine Tourism Satellite Accounts (PTSA) for 2022 as compiled by the Philippine Statistics Authority (PSA), the Department of Tourism (DOT) of the country foresees a robust recovery for its tourism industry.
In a recent media release issued by the PSA, the Tourism Direct Gross Value Added (TDGVA) share of the sector to the Philippine economy, as measured by the Gross Domestic Product (GDP), was estimated at 6.2 per cent for 2022. Further, the TDGVA last year amounted to PHP 1.38 trillion, which is 36.9 per cent higher compared with PHP 1.00 trillion in 2021. Meanwhile, internal tourism expenditure, which combines inbound and domestic tourism expenditure, also saw a significant increase last year, tallying PHP1.87 trillion in 2022, which is a 131.2 per cent growth from PHP 810 billion in 2021.
Tourism Secretary Christina Garcia Frasco welcomed the optimistic figures and noted the commitment of the DOT to sustain last year’s gains through its seven-point agenda to be pursued under the Marcos administration.
“As we continue to ride the wave of travel resurgence coming out of the pandemic, we in the DOT acknowledge the need for initiatives that will make the Philippine tourism industry sustainable, resilient, and top-of-mind for the next several years,” she added.
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