The Philippines is projected to see a significant boost in foreign tourist spending, with a 101% growth expected by 2030, according to the WTM Global Travel Report 2024.
This puts the Philippines as one of the fastest growing tourism markets in Southeast Asia. While China’s slow pandemic recovery has impacted overall travel numbers, Asia remains the fastest-growing region globally.
The report highlights that the Philippines is gaining ground on Thailand, which is predicted to have a 147% growth rate in tourism spending.
The Philippines is actively looking to attract more Indian visitors, particularly for weddings, with the Department of Tourism proposing relaxed visa rules to boost arrivals.
However, the report notes that challenges like infrastructure, capacity, and visa policies will limit India’s international travel growth without further reforms.
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