The Philippine Statistics Authority (PSA) reported robust growth in the country’s tourism sector for 2024, with the Tourism Direct Gross Value Added (TDGVA) reaching PhP 2.35 trillion, up 11.2 percent from PhP 2.12 trillion in 2023. This accounts for 8.9 percent of the country’s Gross Domestic Product (GDP) at current prices, reflecting the continued recovery and expansion of tourism activities across the nation.
According to the 2024 Philippine Tourism Satellite Accounts, tourism-related expenditures across various sectors—such as accommodation, food and beverage services, transport, travel agencies, entertainment, shopping, and miscellaneous services—have shown notable growth.
Outbound tourism expenditure posted the highest annual increase among all categories, rising 37.5 percent to PhP 345.68 billion in 2024. Domestic tourism expenditure followed, growing 16.4 percent from PhP 2.71 trillion in 2023 to PhP 3.16 trillion in 2024, underscoring strong local travel demand.
Meanwhile, inbound tourism expenditure—representing foreign visitor spending—registered a modest growth of 0.4 percent, increasing from PhP 697.49 billion in 2023 to PhP 699.98 billion in 2024. As a result, internal tourism expenditure (the sum of inbound and domestic tourism) reached PhP 3.86 trillion, marking a 13.1 percent year-on-year increase.
Tourism also remained a key driver of employment in 2024. The PSA estimated 6.75 million jobs in tourism industries, up 6.1 percent from 6.37 million in 2023. This figure represents 13.8 percent of total employment nationwide, affirming the sector’s critical role in job creation and economic inclusion.
These results underscore the continued resilience and potential of the tourism industry in the Philippines, supported by increasing travel activity, both from domestic and international markets.
