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.
The volume of people travelling by air surpassed pre-COVID-19 levels in 2023. Local airlines responded to the increase in demand by resuming their expansion plans, which had been put on hold during the pandemic.
Hotels in the Philippines continued to bounce back in 2023, with the number of room nights being close to pre-pandemic levels. The sector suffered during the pandemic, due to mobility restrictions, with resulted in some hotels closing for business on a temporary or permanent basis.
Retail sales of bookings continued to grow strongly in constant value terms in 2023. This rebound was driven largely by domestic travellers, as many local consumers still preferred to visit locations that were relatively close to where they lived.
Both inbound arrivals and domestic tourism will continue to expand throughout the forecast period, as consumers return to their pre-pandemic lifestyles. In the case of the former, growth will be boosted by the expected return of Chinese tourists, following the further relaxation of pandemic-related restrictions, as well as visitors from other parts of Asia-Pacific.
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Travel
Travel encompasses several categories including tourism flows, lodging, travel modes, in-destination spending and booking.
See All of Our DefinitionsThis report originates from Passport, our Travel research and analysis database.
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