Philippines Travel and Tourism Market Summary and Forecast
Summary
Travel & Tourism in Philippines industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The travel & tourism industry consists of revenues generated by passenger airlines, passenger rail, hotels & motels, foodservice, travel intermediaries, and casinos & gaming.
- The Filipino travel & tourism industry had total revenues of $31.5 billion in 2022, representing a compound annual growth rate (CAGR) of 0.2% between 2017 and 2022.
- The travel intermediaries segment accounted for the industry's largest proportion in 2022, with total revenues of $24 billion, equivalent to 76.2% of the industry's overall value.
- The growth of the industry is attributed to rising leisure and business tourism, growth in the hotel and motel industry, an increasing number of global events attracting large visitors, boosting infrastructure development, easing mobility, and emerging adventure tourists. For instance, according to GlobalData, the proportion of travel and tourism in the GDP of the Philippines increased to 7.73% in 2022 from 2.45% in the previous year.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in Philippines
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Philippines
- Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Philippines travel & tourism market with five year forecasts
- What was the size of the Philippines travel & tourism market by value in 2022?
- What will be the size of the Philippines travel & tourism market in 2027?
- What factors are affecting the strength of competition in the Philippines travel & tourism market?
- How has the market performed over the last five years?
- What are the main segments that make up Philippines's travel & tourism market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of leading players?
- 8 Company Profiles
- 8.1. Expedia Group Inc
- 8.2. Marriott International Inc
- 8.3. Jollibee Foods Corp
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Philippines travel & tourism industry value: $ million, 2017–22
- Table 2: Philippines travel & tourism industry category segmentation: % share, by value, 2017–2022
- Table 3: Philippines travel & tourism industry category segmentation: $ million, 2017-2022
- Table 4: Philippines travel & tourism industry geography segmentation: $ million, 2022
- Table 5: Philippines travel & tourism industry value forecast: $ million, 2022–27
- Table 6: Expedia Group Inc: key facts
- Table 7: Expedia Group Inc: Annual Financial Ratios
- Table 8: Expedia Group Inc: Key Employees
- Table 9: Expedia Group Inc: Key Employees Continued
- Table 10: Marriott International Inc: key facts
- Table 11: Marriott International Inc: Annual Financial Ratios
- Table 12: Marriott International Inc: Key Employees
- Table 13: Marriott International Inc: Key Employees Continued
- Table 14: Marriott International Inc: Key Employees Continued
- Table 15: Jollibee Foods Corp: key facts
- Table 16: Jollibee Foods Corp: Annual Financial Ratios
- Table 17: Jollibee Foods Corp: Key Employees
- Table 18: Philippines size of population (million), 2018–22
- Table 19: Philippines gdp (constant 2005 prices, $ billion), 2018–22
- Table 20: Philippines gdp (current prices, $ billion), 2018–22
- Table 21: Philippines inflation, 2018–22
- Table 22: Philippines consumer price index (absolute), 2018–22
- Table 23: Philippines exchange rate, 2018–22
- List of Figures
- Figure 1: Philippines travel & tourism industry value: $ million, 2017–22
- Figure 2: Philippines travel & tourism industry category segmentation: $ million, 2017-2022
- Figure 3: Philippines travel & tourism industry geography segmentation: % share, by value, 2022
- Figure 4: Philippines travel & tourism industry value forecast: $ million, 2022–27
- Figure 5: Forces driving competition in the travel & tourism industry in Philippines, 2022
- Figure 6: Drivers of buyer power in the travel & tourism industry in Philippines, 2022
- Figure 7: Drivers of supplier power in the travel & tourism industry in Philippines, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Philippines, 2022
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Philippines, 2022
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Philippines, 2022
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