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Tourism Sector Generates P2.35T for PH in 2024
June 21, 2025
|The Philippine Star
The economic value of the country's tourism sector rose by 11 percent last year, supported by strong travel demand and the government's promotion efforts.
The Tourism Satellite Account released by the Philippine Statistics Authority (PSA) showed that the tourism sector's direct gross value added (TDGVA) increased to P2.35 trillion in 2024 from P2.12 trillion in 2023.
In terms of the tourism sector's contribution to the Philippine economy, PSA data showed that the sector's share to gross domestic product also went up to 8.9 percent last year from the previous year's 8.7 percent.
The PSA data is based on tourist expenditures in the country. These cover accommodation services; food and beverage services; travel agencies and other reservation services; entertainment and recreation; shopping and miscellaneous services.
هذه القصة من طبعة June 21, 2025 من The Philippine Star.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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