Travel and Tourism in the Philippines to 2017

Aug 28, 2013 - Timetric - 140 pages - USD $1,950
Abstract Table of Contents Companies Request Details Related
The travel and tourism sector in the Philippines recorded significant growth during the review period. Tourism flourished, with a significant increase in domestic and international tourist volumes, primarily due to the Department of Tourism's (DOT) continuous efforts to promote the Philippines as a key tourist destination in the Asia-Pacific region. Prioritization of the sector also led to an increase in investment in tourism infrastructure and the government is aiming to improve transportation infrastructure in the country during the forecast period.

Key Highlights
  • Based on Timetric's forecast, Filipino real GDP is expected to increase by 6.5% in 2013 and 2014, underpinned by robust consumption, investments and election-related spending by the government in 2013. During 2015-2017, the economy is expected to expand at a more robust pace of 7.0%, supported by domestic demand and the improving global economic outlook.
  • Alongside the Department of Public Works and Highways, the Department of Tourism will implement a tourism infrastructure program over the next two years, with an investment of PHP29 billion (US$700 million). The program will be completed in two phases, with phase one commencing in 2013 with an investment of PHP12 billion and the second in 2014 with an investment of PHP17 billion. The tourism infrastructure development plan will focus on connecting tourist spots to major roadways, with the aim of improving travel experiences.
  • The Filipino government has also taken steps to ensure the safety and security of tourists in key tourist destinations. In July 2013, the Philippine National Police set up a tourist police training school at Boracay Island. Police officers will undergo a two-month training scheme at the school to develop skills for patrolling and maintaining peace and order at key tourist destinations.
  • The growth in domestic tourism was supported by an increase in flight frequency and improvements in land transport connectivity to key tourism destinations. Ease of travel has led to many Filipinos showing an interest in travelling within the country. The DOT aims to target 56.1 million domestic travelers by 2016.
  • The government is also making promotional efforts and events are being organized around the world to attract visitors to the Philippines. For example, in June 2013, the Philippine Embassy in Vienna, Austria organized an event which showcased major tourist destinations, emerging destinations, tourism activities and UNESCO World Heritage sites to Austrian travel agencies and tour operators.
  • The addition of new routes to key outbound destinations, particularly in the Asia-Pacific region, is among the key reasons for growth in outbound tourist volume from the Philippines. In April 2013, Philippine Airlines announced the launch of 12 new routes to destinations in Australia, Malaysia, China and the Middle East. Services on these routes will be provided by Philippines Airlines and PAL Express, providing customers with wider, low-cost flying options.
  • Major airports in the Philippines are facing the issue of choked capacity. Secondary airports at leading tourist destinations, such as Tagbilaran, Caticlana and Puerto Princesa, suffer from other problems such as short runways, not capable of operating at night, insufficient baggage handling and passenger handling capacity. Such factors lead to a rise in airfares and also cause inconvenience to travelers by increasing the travelling time due to multiple stops.
  • The hotel market aims to replace its old hotel rating system with the international rating system. The DOT expects to fully implement the new rating system by the end of 2013. It is also expected that, in the process of re-evaluation and assessment of the rating, which will involve self-assessment and third-party external auditors on the basis of quality of service and facilities, hotels in the country will upgrade their services to prove themselves to be globally competitive.
  • The rising affluence of Filipinos has made roads crowded, making driving in the country difficult, especially in hubs such as metropolitan Manila. There is also a lack of parking spaces. It is for these reasons that chauffeur-driven vehicles are preferred by tourists in major cities. However, self-drive rentals are preferred in countryside locations and many car rental companies offer GPS navigation-enabled vehicles at these locations.
  • The growth of online travel intermediaries can be attributed to the country's increasing internet penetration rate. According to Internet World Stats, there were over 33.6 million internet users in the Philippines as of October 2012. Internet penetration increased at a rate of 11% in April 2012 over the previous year; the 10th-highest growth recorded worldwide during the period.

This report provides an extensive analysis related to tourism demands and flows in the Philippines:
  • It details historical values for the Filipino tourism sector for 2008-2012, along with forecast figures for 2013-2017
  • It provides comprehensive analysis of the travel and tourism demand factors with values for both the 2008-2012 review period and the 2013-2017 forecast period
  • The report provides a detailed analysis and forecast of domestic, inbound and outbound tourist flows in the Philippines
  • It provides employment and salary trends for various categories of the travel and tourism sector
  • It provides comprehensive analysis of the trends in the airline, hotel, car rental and travel intermediaries industries with values for both the 2008-2012 review period and the 2013-2017 forecast period
Reasons to Purchase
  • Take strategic business decisions using historic and forecast market data related to the Filipino travel and tourism sector
  • Understand the demand-side dynamics within the Filipino travel and tourism sector, along with key market trends and growth opportunities
  • Identify the spending patterns of domestic, inbound and outbound tourists by individual categories
  • Analyze key employment and compensation data related to the travel and tourism sector in the Philippines

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About the Publisher
Timetric is an independent economic and business research firm providing critical intelligence on emerging economies and key global industries. They provide detailed economic and sector intelligence, business insights and authoritative, independent commentary.