Executive Summary

Sep 2017
TRENDS

2016’s GDP growth of 6.8% in the Philippines was the 11th highest globally. The economy is thus expected to grow by a solid pace as the government’s initiatives including infrastructural spending are paying dividends. Construction and financial intermediation, which includes real estate, renting and business activities, were the fastest growing sectors in the Philippines between 2011 and 2016. With this, various advances especially in technology are expected to take place in the Philippines, allowing it to become a relevant and developing country.

PROSPECTS

Despite facing a number of barriers and limitations, online travel sales to residents are still expected to continue to persist, particularly as the Philippines has a high internet penetration level. Online travel sales to residents are expected to increase over the forecast period with a value CAGR of 9% at constant 2016 prices. As the issue surrounding trust and confidence in online transactions has been presence for a long time, this is expected to subside given the potential increase in successful trials, which will lead to a repeat of online transactions. This also presents the opportunity to share the experience with others, relying on word-of-mouth and actual experiences to downplay the fear of online transactions.

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Online Travel Sales To Residents in the Philippines

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Overview:

Discover the latest market trends and uncover sources of future market growth for the Online Travel Sales to Country Residents industry in Philippines with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Online Travel Sales to Country Residents industry in Philippines, our research will save you time and money while empowering you to make informed, profitable decisions.

The Online Travel Sales to Country Residents in Philippines market research report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation
  • Historic volumes and values, company and brand market shares
  • Five year forecasts (of market share, market trends, market growth)
  • Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

  • What is the market size of Online Travel Sales to Country Residents in Philippines?
  • What are the major brands in Philippines?  

Why buy this report?

  • Gain competitive intelligence about market leaders
  • Track key industry trends, opportunities and threats
  • Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our Travel And Tourism market research database.

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