THE Department of Tourism achieved all-time highs as tourism revenue soars to P760 billion despite some setbacks in the global tourism industry. The Philippine tourism industry saw the highest recorded in years, surpassing what was achieved before the pandemic.
In-house data showed that the Philippines earned a staggering P760.50 billion in revenue from inbound tourism expenditures—representing the total amount spent by non-resident visitors—from January 1 to December 31, 2024. This marks a remarkable increase of 9.04% compared to the P697.46 billion recorded in 2023.
The current figures also surge past pre-pandemic levels, exceeding the estimated P600.01 billion in 2019 by an impressive 26.75%. This massive performance translates to a recovery rate of 126.75% for the local tourism economy, highlighting the sector’s resilience and vitality.
Editor’s Note: This article has been sourced from the Department of Tourism – Philippines Facebook Page.
