One of the world's largest and fastest-growing industries, contributes greatly to global economic development
Components of the tourism and hospitality network
Foodandbeverageservices
Lodgingservices
Recreationandentertainmentservices
Travelandtourismservices
Contribution to the balance of payments
Economic transactions between a country and the rest of the world in relation to tourism and hospitality activities (refers to cash flow within Tourism and hospitality industry)
Dispersion of Development
How tourism development impacts various areas and communities, considering factors such as geographic location, level of economic development, infrastructure availability, and government policies
Effect on general economic development
Expenditures by tourists can have beneficial effect on all economic sectors and can lead to the development of different industries and other economic activities
Employment Opportunities
Tourism and Hospitality is a source of employment, it is a service industry, which could have a significant effect on those countries with surplus labor
Social Benefits
Play a vital role in promoting sustainable development, cultural enrichment, and social cohesion
Cultural Enrichment
The process by which travelers engage with and gain a deeper understanding of the cultural aspects of destinations they visit
EducationalSignificance
Opportunities for learning, skill development, and knowledge acquisition that are inherent in travel experiences, as well as in formal educational programs within the tourism and hospitality industry
Tourismandhospitalityasavitalforceforpeace
Can contribute to greater understanding, cooperation, and harmony among people and nations
Tourism absorbed 5.7 million workers in 2019 or 13.64% of total employment, but during the pandemic, more than 1 million jobs in the industry were lost
The rebound in the tourism workforce was rapid, with 93.5% of pre-pandemic jobs already recovered
In 2012, the Philippines recorded 4.27 million tourist arrivals, after the launching "It's more Fun in the Philippines"
In 2023, the Philippines welcomed more than 5.45 million international visitor arrivals and recorded more than PHP480 billion in international tourism receipts
The country's international tourism receipts have surged at an estimate of PHP482.54 billion from January 1 to December 31, 2023, higher by 124.87% compared with the PHP214.58 billion estimated visitor receipts from the same period last year
Main Source of International tourist
South Korea
United States
Japan
Australia
China
Market
The product analysis recommends prioritizing nine tourism products towards enriching the tourist experience and boosting product diversification
Nature Tourism
Responsible travel to natural areas, which conserves the environment and improves the welfare of local people
Cultural Tourism
The movements of persons for essentially cultural motivations such as study tours, performing arts and cultural tours, travel to festivals and other cultural events, visits to sites and monuments, travel to study nature, folklore or art, and pilgrimages
SunandBeach Tourism
Holidays taken for the purpose of staying in or near beaches
CruiseandNautical Tourism
Encompasses aspects of marine tourism such as sailing, yachting, cruising and diving, as well as harbour-side developments, coastal water sports Such as jet skiing, boat shows, port tours, and marine heritage destinations
Leisure and Entertainment Tourism
Golf courses, tennis courts, cycling roads and areas, hiking courses, camping grounds, nature trails and paths, large scale parks, leisure-Land, theme parks, sports and resort complex, other sports and recreational facilities
MICE and Events Tourism
Represents a lucrative part of the tourism mix across the globe, also referred to as BusinessTourism or Business Events
Health, Wellness and Retirement Tourism
Traveling to maintain or improve a person's health through spiritual, physical, and psychological activities
Diving and Marine Sport Tourism
Considered one of the country's top tourism products and attractions
Educational Tourism
Any type of travel that broadens someone's horizons
Beach and Diving Tourism
Currently the major tourist draw of the Philippines
Researchand Education Tourism
Due to the diverse number of flora and fauna of the country, researchers from around the world have flocked various biodiversity sites in the Philippine environmental corridors
Hiking Tourism
A form of tourism in the Philippines, especially among locals and Western foreigners
Arts and Crafts Tourism
Has recently expanded following several attempts to establish a cultural renaissance
Wellness Tourism
Has recently doubled its contribution to the Philippine tourism due to the rise of "hilot" (ancient Filipino art of healing) practices in spas, Bath houses, and hotels
Fiesta Tourism
The country has been known as the traditional capital of the world's Festivities and the capital of fun due to the thousands of festivals which happen in the country, most of which are annual spectacles
Pilgrimage Tourism
The Philippines is the Catholic pilgrimage capital of Asia, possessing hundreds of olden churches, most of which were established between the 15th to 19th centuries through the earthquake baroque architecture