Retail sales of bookings will continue to grow in constant value terms (2023 prices) throughout the forecast period, but they will remain below their pre-pandemic peak even at the end of it. A slow recovery in international demand will drag on the recovery.
Developments in digital technology will contribute to growth of bookings over the forecast period, as travel becomes become more convenient and accessible to consumers. April 2023, for example, saw the launch of Happy Hotels, a Filipino-developed travel booking platform which aims to cater for the needs of tourists visiting the country, as well as local business owners, by helping them to expand their market and reach more customers.
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Understand the latest market trends and future growth opportunities for the Booking industry in Philippines with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Booking industry in Philippines, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Booking
The Booking category includes: Booking Offline, Booking Online including Mobile Travel, Leisure Travel, Business Travel, Travel Intermediaries and Direct Suppliers. It covers point of sale to residents for travel either domestically or abroad.
See All of Our DefinitionsThis report originates from Passport, our Booking research and analysis database.
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