PHILIPPINES 1

2019 ANNUAL RESEARCH: KEY HIGHLIGHTS

GLOBAL DATA 2018

While the global economy 1 in 5 new jobs were created by Global GDP impact by sector
grew by 3.2%, Travel & Tourism Travel & Tourism over the last five (2016 data). Share of total
grew significantly more at 3.9% years economy GDP

10.4% Mining
Agriculture
Total GDP contribution
Automotive
3.2% Travel & Tourism
Financial Services

319 MN
Jobs globally (1 in 10 jobs)
3.9%
0%
Retail

10% 20% 30%

PHILIPPINES 2018 KEY DATA

CONTRIBUTION OF TRAVEL &

TOURISM TO GDP
24.7% OF TOTAL ECONOMY
Total T&T GDP = PHP4,299.0BN (USD81.5BN)
+8.9%
2018 Travel & Tourism GDP growth

CONTRIBUTION OF TRAVEL &

TOURISM TO EMPLOYMENT
8,386.1 JOBS (000's) 10,935.6
Expected in 2029
JOBS (000's)
(20.2% of total employment)

INTERNATIONAL VISITOR PHP461.9BN 7.4 MN

IMPACT Expected international arrivals for 2019
USD8.8BN in visitor spend
(8.4% of total exports)

INBOUND ARRIVALS OUTBOUND DEPARTURES

1. SOUTH KOREA 25% 1. CHINA 16%

2. UNITED STATES 15% 2. HONG KONG 9%
3. CHINA 12% 3. SINGAPORE 8%
4. JAPAN 9% 4. UNITED ARAB EMIRATES 8%
5. AUSTRALIA 4% 5. SOUTH KOREA 7%
REST OF WORLD 36% REST OF WORLD 52%

Note: Data are average shares over the 2015-2017 period

Source: Oxford Economics, national sources and UNWTO

SECTOR CHARACTERISTICS (2018)

LEISURE SPENDING 65% 35%

BUSINESS SPENDING

87% 13%
DOMESTIC SPENDING
INTERNATIONAL SPENDING

1
All values are in constant 2018 prices & exchange rates
All forecasts WTTC and Oxford Economics