The global tourism industry for the Philippines is projected to be worth US$ 10.8 billion in 2022. By 2032, sales in the market are projected to reach US$ 30.4 billion, expanding at a 10.9% compound yearly growth rate.
There are some spectacular volcano climbs in Bicol (Mount Mayon and Mount Isarog, for example), and dozens of national parks, heritage sites, wildlife reserves, and volcanoes in Mindoro, Palawan, and the Visayas. Mount Kanlaon, an active volcano in Negros, is one of the country’s most challenging climbs, while the neighboring Northern Negros Forest Reserve is a raw, mesmerizing scene of peaks, waterfalls, and fumaroles typical of the archipelago’s wilderness locations.
There are several opportunities to explore natural wilderness in the Philippines. The Sierra Madre in Luzon and the Balbalasang-Balbalan National Park in Kalinga, for instance, are both rarely visited by tourists but provide thrilling trekking through dense rainforests and across dizzying peaks.
The conversion of airport terminals into global gateways has aided in the international tourism development of the country, with about 95–99% of visitors arriving by air. In recent years, the airports in Davao City and Iloilo City have been modernised, allowing direct charter flights from Singapore.
Empower Your Decision-Making with Wisdom’s Sample Report: Request Now:
https://www.futuremarketinsights.com/reports/sample/rep-pg-3273
Meanwhile, Mactan-Cebu Airport, which has long handled both scheduled and charter flights from throughout East Asia, was set to begin long-haul flights in 2016, when three Philippine airlines were operating between Cebu and Los Angeles, California. Started walking. In the near future, there will be more direct international flights to Cebu, Boracay and Davao. In addition, the country’s hospitality sector is increasingly focusing on the contactless payment trend. When contactless payments are allowed, customers save time by not having to sort through cash or try to enter their PIN.
key takeaways:
- On the basis of tourism type, the eco/sustainable tourism segment is estimated to account for 42% of the total market share in 2022.
- From channel booking, the online booking segment is estimated to account for 51% of the total market share.
- On the basis of tourist type, the domestic tourism segment will remain attractive till 2032.
- In terms of age group, the 26-35 segment will continue to witness an uptick in sales.
Access the Complete Report Methodology Now:
https://www.futuremarketinsights.com/request-report-methodology/rep-pg-3273
Competition Scenario
The major players in Philippines tourism are focusing on promotional strategies and advertising of popular tourist destinations in the Philippines to improve sales in the market.
The major players present in the Philippines tourism market are
- Scorpio Travel and Tours Inc.
- Baron Travel
- Asiaventure Tours & Travel
- Vansol Travel & Tours
- Kapwa Travel
- Marsman Drysdale Travel Inc.
- Rajah Tours Philippines
- Atlas Tours and Travel Inc.
- Bridgeway Travel and Tours
- Haranah Tours Corporation
- Travel Related Incentive Programs and Services, Inc.
- Travbest Travel & Tours
- Rakso Air Travel & Tours Inc.
- GoldenSky Travel and Tours
- GrandHope Travel Tours
- Kesari Tours Pvt Ltd
- Tourismo-Filipino Inc.
Philippines Tourism Market by Category
By Tourism Type:
- Cultural & Heritage Tourism
- Medical Tourism
- Eco/Sustainable Tourism
- Sports Tourism
- Wellness Tourism
- Others
By Booking Channel:
- Phone Booking
- Online Booking
- In Person Booking
By Tourist Type:
- Domestic
- International
By Age Group:
- 15-25 Years
- 26-35 Years
- 36-45 Years
- 46-55 Years
- 66-75 Years
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube