Tourism to inject P6.5bn into economy

Wednesday, May 27, 2015

Travel and tourism activities are expected to grow by five percent in 2015 and directly contribute P6.5 billion into the national economy, figures released this week by international researchers show.

According to the World Travel and Tourism Council (WTTC) 2015 report, the direct contribution of travel and tourism to Gross Domestic Product (GDP) in 2014 was P6.2 billion up from P5.2 billion in 2013.

“This is forecast to rise by five percent to P6, 45 billion in 2015. This primarily reflects the economic activity generated by industries such as hotels, travel agents, airlines and other passenger transportation services excluding commuter services.

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