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Tourist arrivals seen to breach pre-COVID levels
The Philippine Star
|February 02, 2024
The country's pected to sustain tourism sector is exits recovery this year, with international arrivals hitting 8.21 million, effectively closing in to preCOVID levels, according to a unit of Fitch Solutions.
In a report, BMI Country Risk & Industry Research said tourism in the Philippines is poised for a strong rebound for 2024 after travel was halted for many years due to the pandemic.
As such, BMI said tourist arrivals could increase by 50.6 percent to 8.21 million from last year's 5.45 million. This will effectively close in to the 8.26 million arrivals recorded in 2019, right before COVID hit.
Similarly, this will be seven percent above the baseline target of 7.7 million visitors set by the Department of Tourism.
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