Published on : Thursday, February 23, 2017
In the Philippines, tourism contributes P1.4T to GDP. To quote reporter Amy R. Remo, “The Philippine travel and tourism industry contributed a total of P1.43 trillion to the local economy in 2015, equivalent to about 10.6 percent of the country’s gross domestic product, according to the latest report by the World Travel and Tourism Council (WTTC).
Money spent by foreign visitors, or what WTTC termed as visitor exports, was deemed a key component of the direct contribution of travel and tourism to the local economy. In 2015, the Philippines generated P294.4 billion in visitor exports, a figure expected to grow by 3.6 percent this year, during which the country is expected to attract some 5.5 million international tourists.”
In the Philippines, 30 to 40% of the revenues come from Palawan. In Palawan, around $645-million is generated in visitor exports. 7% in the Visayas, 5% in Northern Luzon, 1% in Southern Luzon and 5% in Metro Manila are generated as revenues.
Tags: Philippines
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