JEG Tower Switches To COREnergy To Power Cebu’s Business Community

JEG Tower partners with COREnergy to power Cebu’s business community through more strategic and stable energy management.

From Credit Card Hacks To A Movement: How KasKasan Buddies Grew Into A Financial Literacy Community

KasKasan Buddies grew from credit card conversations into a two-million-member community helping Filipinos navigate financial literacy, digital safety, and smarter money decisions.

Monde Nissin Reports Record First Half Core Net Income Attributable To Shareholders Of PHP5.5 Bn, An Increase Of 16.1%

Monde Nissin reports stronger first-half earnings as revenue growth, margin gains, and disciplined cost management support its performance.

Converge Global Business Empowers Virtual Staffing Solutions With Seamless International And Domestic Connectivity

Converge Global Business partners with Virtual Staffing Solutions to power secure connectivity across Philippine and U.S. operations.

Tourism Contributes PHP2.27 Trillion To Philippine Economy In 2025

The strong tourism contribution reflected ongoing efforts to strengthen the country’s competitiveness as a travel destination.

Tourism Contributes PHP2.27 Trillion To Philippine Economy In 2025

1,094
1,094

How do you feel about this story?

Express Your Reaction
Like
Love
Haha
Wow
Sad
Angry

Tourism contributed more than 8 percent to the Philippine economy in 2025, according to the Philippine Statistics Authority (PSA) on Thursday.

The PSA’s Tourism Satellite Account report showed that Tourism Direct Gross Value Added (TDGVA) — or the gross value added generated by industries directly providing goods and services to visitors — was estimated at PHP2.27 trillion, accounting for 8.1 percent of the economy last year.

The figure was slightly lower than the PHP2.30 trillion recorded in 2024.

The Tourism Satellite Account measures visitor expenditures on accommodation, food and beverage services, transport, travel agencies and reservation services, entertainment and recreation, tourism-related shopping and other tourism-related services.

Among the forms of tourism expenditure, outbound tourism posted the highest growth at 3.5 percent, reaching PHP357.93 billion.

Domestic tourism followed with a 3 percent increase, rising from PHP3.16 trillion in 2024 to PHP3.26 trillion in 2025.

Inbound tourism, however, declined by 6.4 percent, falling from PHP745.99 billion in 2024 to PHP698.46 billion last year.

Internal tourism, which combines inbound and domestic tourism expenditures, grew by 1.2 percent from PHP3.91 trillion in 2024 to PHP3.96 trillion in 2025.

Employment in tourism industries also increased to 7.70 million in 2025 from 7.51 million in 2024.

The share of tourism employment to total employment in the country was recorded at 15.7 percent in 2025. (PNA)