Travel in the Philippines

September 2023 | 44 pages | ID: TFB9AD6A207EN
Euromonitor International Ltd

Abstracts

The Filipino travel industry continued to recover in 2023, with the volume of inbound arrivals having recorded triple-digit growth over the previous year. This followed the easing of all remaining international travel restrictions, including COVID-19 test requirements, as of October 2022. This encouraged consumers to revive any travel plans that had been put on hold during the pandemic.

Euromonitor International's Travel in Philippines report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest market size data 2018-2022, allowing you to identify the sectors driving growth. It identifies the leading companies and offers strategic analysis of key factors influencing the market - be they new legislative, technology or pricing issues. Background information on disposable income, annual leave and holiday taking habits is also included. Forecasts to 2027 illustrate how the market is set to change.

Product coverage: Booking, In-Destination Spending, Lodging (Destination), Tourism Flows, Travel Modes.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the Travel market;
• Pinpoint growth sectors and identify factors driving change;
• Understand the competitive environment, the market’s major players and leading brands;
• Use five-year forecasts to assess how the market is predicted to develop.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Contents

TRAVEL IN THE PHILIPPINES
EXECUTIVE SUMMARY
Travel in 2023
Airlines: key trends
Hotels: key trends
Booking: key trends
What next for travel?
MARKET DATA
Table 1 Surface Travel Modes Sales: Value 2018-2023
Table 2 Surface Travel Modes Online Sales: Value 2018-2023
Table 3 Forecast Surface Travel Modes Sales: Value 2023-2028
Table 4 Forecast Surface Travel Modes Online Sales: Value 2023-2028
Table 5 In-Destination Spending: Value 2018-2023
Table 6 Forecast In-Destination Spending: Value 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources
TOURISM FLOWS IN THE PHILIPPINES
KEY DATA FINDINGS
2023 DEVELOPMENTS
Inbound arrivals continue to recover, as DOT unveils new plan to position Philippines as “tourism powerhouse”
Full recovery of domestic tourism
PROSPECTS AND OPPORTUNITIES
Halal tourism offers much potential for future growth
Introduction of “happy tax” could boost international arrivals
CATEGORY DATA
Table 7 Inbound Arrivals: Number of Trips 2018-2023
Table 8 Inbound Arrivals by Country: Number of Trips 2018-2023
Table 9 Inbound City Arrivals 2018-2023
Table 10 Inbound Tourism Spending: Value 2018-2023
Table 11 Forecast Inbound Arrivals: Number of Trips 2023-2028
Table 12 Forecast Inbound Arrivals by Country: Number of Trips 2023-2028
Table 13 Forecast Inbound Tourism Spending: Value 2023-2028
Table 14 Domestic Trips by Destination: Number of Trips 2018-2023
Table 15 Domestic Spending: Value 2018-2023
Table 16 Forecast Domestic Trips by Destination: Number of Trips 2023-2028
Table 17 Forecast Domestic Spending: Value 2023-2028
Table 18 Outbound Departures: Number of Trips 2018-2023
Table 19 Outbound Departures by Destination: Number of Trips 2018-2023
Table 20 Outbound Tourism Spending: Value 2018-2023
Table 21 Forecast Outbound Departures: Number of Trips 2023-2028
Table 22 Forecast Outbound Departures by Destination: Number of Trips 2023-2028
Table 23 Forecast Outbound Spending: Value 2023-2028
AIRLINES IN THE PHILIPPINES
KEY DATA FINDINGS
2023 DEVELOPMENTS
Air travel revives in 2023, as leading airlines expand their route networks
Airport upgrades contribute to growth
PROSPECTS AND OPPORTUNITIES
Airlines will expand routes and explore additional revenue streams in order to remain profitable
Improvements in airport infrastructure will raise capacity
CATEGORY DATA
Table 24 Airlines Sales: Value 2018-2023
Table 25 Airlines Online Sales: Value 2018-2023
Table 26 Airlines: Passengers Carried 2018-2023
Table 27 Airlines NBO Company Shares: % Value 2018-2022
Table 28 Non-Scheduled Carriers Brands by Key Performance Indicators 2023
Table 29 Low Cost Carriers Brands by Key Performance Indicators 2023
Table 30 Full Service Carriers Brands by Key Performance Indicators 2023
Table 31 Forecast Airlines Sales: Value 2023-2028
Table 32 Forecast Airlines Online Sales: Value 2023-2028
LODGING (DESTINATION) IN THE PHILIPPINES
KEY DATA FINDINGS
2023 DEVELOPMENTS
Recovery for lodging, thanks to staycation trend, although international visitors also begin to return
Rebuilding capacity is a key challenge
PROSPECTS AND OPPORTUNITIES
Expansion plans of key players showcase potential in Philippines market
Ongoing global economic instability could impede recovery
CATEGORY DATA
Table 40 Lodging (Destination) Sales: Value 2018-2023
Table 41 Lodging (Destination) Online Sales: Value 2018-2023
Table 42 Hotels Sales: Value 2018-2023
Table 43 Hotels Online Sales: Value 2018-2023
Table 44 Other Lodging Sales: Value 2018-2023
Table 45 Other Lodging Online Sales: Value 2018-2023
Table 46 Lodging (Destination) Outlets: Units 2018-2023
Table 47 Lodging (Destination) Rooms: Number of Rooms 2018-2023
Table 48 Lodging (Destination) by Incoming vs Domestic: % Value 2018-2023
Table 49 Hotels NBO Company Shares: % Value 2018-2022
Table 50 Hotel Brands by Key Performance Indicators 2023
Table 51 Forecast Lodging (Destination) Sales: Value 2023-2028
Table 52 Forecast Lodging (Destination) Online Sales: Value 2023-2028
Table 53 Forecast Hotels Sales: Value 2023-2028
Table 54 Forecast Hotels Online Sales: Value 2023-2028
Table 55 Forecast Other Lodging Sales: Value 2023-2028
Table 56 Forecast Other Lodging Online Sales: Value 2023-2028
Table 57 Forecast Lodging (Destination) Outlets: Units 2023-2028
BOOKING IN THE PHILIPPINES
KEY DATA FINDINGS
2023 DEVELOPMENTS
Bookings continue to recover
Recovery boosted by development of online booking platforms
PROSPECTS AND OPPORTUNITIES
Booking sales see slow recovery due to high prices and consumer cost concerns
Advancements in digital technology will be key to growth
CATEGORY DATA
Table 33 Booking Sales: Value 2018-2023
Table 34 Business Travel Sales: Value 2018-2023
Table 35 Leisure Travel Sales: Value 2018-2023
Table 36 Travel Intermediaries NBO Company Shares: % Value 2018-2023
Table 37 Forecast Booking Sales: Value 2023-2028
Table 38 Forecast Business Travel Sales: Value 2023-2028
Table 39 Forecast Leisure Travel Sales: Value 2023-2028