Forecast: Tourism International Receipts in Philippines

The international tourism receipts in the Philippines are forecasted to grow consistently from 2024 to 2028. Standing at $11.91 billion in 2024, the receipts are expected to increase annually, reaching $13.65 billion by 2028. This upward trend translates to progressive annual growth: 3.8% in 2025, 3.6% in 2026, 3.4% in 2027, and 3.2% in 2028. Taking into account the yearly increases, the Compound Annual Growth Rate (CAGR) over the five-year period is approximately 3.5%. In the previous year, 2023, the value of international tourism receipts stood at $11.49 billion.

Trends to watch for in the future include the impact of global economic conditions, regional geopolitical stability, advancements in transportation infrastructure, and marketing efforts by the Philippine tourism authorities. Additionally, the response of the tourism sector to potential external shocks, such as pandemics or natural disasters, will be critical for maintaining growth momentum.