Better connectivity boosts tourism’s growth contribution - News Summed Up

Better connectivity boosts tourism’s growth contribution


Based on data from the Philippine Statistics Authority (PSA), the tourism industry’s contribution to GDP went up to 12.7 percent in 2018 from 12.2 percent contribution in 2017. Domestic tourists reached 110 million in 2018, a 14.1 percent rise from 96.4 million domestic tourists in 2017. In contrast, inbound tourism expenditure dropped by 1.6 percent to P 441.4 billion from P448.6 billion in 2017. “Compared to the country’s total exports, the share of inbound tourism expenditure was eight percent. It added that this is in line with the National Tourism Development Plan’s strategic direction on sustainability and inclusive growth


Source: Philippine Star June 09, 2019 16:00 UTC



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