The Philippine tourism industry is experiencing a remarkable resurgence, with the Department of tourism (DOT) reporting over 2 million international visitors as of April 24, 2024.
This impressive figure surpasses the number recorded during the same period last year by a significant 15.11%.
Strong Recovery and Exceeding Expectations
The good news extends beyond visitor numbers. tourism receipts for the first quarter of 2024 reached an estimated PHP157.62 billion.
This translates to a remarkable 120.70% recovery rate compared to the pre-pandemic benchmark year of 2019, exceeding revenue generated during that period (PHP130.59 billion).
Foreign Tourists Lead the Surge
Foreign tourists represent the majority of visitors, accounting for 94.21% (approximately 1.89 million) of the total arrivals.
Overseas Filipinos residing abroad contribute the remaining 5.79% (around 116,446). South Korea remains the Philippines’ top source market, with visitors from this nation constituting 27.19%…
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