Inbound arrivals to the Philippines are stabilising in 2024, as travel conditions normalise after the disruptions created by the pandemic and the following rebound in global mobility. That said, despite surpassing government targets in 2023, a full recovery to pre-pandemic inbound arrival levels has not yet been reached.
Air travel is experiencing a steady increase in the Philippines in 2024, driven by strong domestic demand and a recovering international market, surpassing pre-pandemic levels with a notable rise in outbound travel by local consumers. Despite challenges, such as fluctuating airfares due to rising jet fuel prices earlier in the year, the sector remains optimistic.
The Philippines' hotel industry is experiencing significant growth as the economy recovers, marked by increased domestic spending on staycations and travel, and the return of international tourism. Hotel occupancy rates and average lengths of stays have risen, particularly due to business travellers and meetings, incentives, conferences, and exhibitions (MICE) activities.
The Philippines travel industry anticipates double-digit growth in bookings in 2024, as seen in the data, driven by strong demand for both domestic and international trips, including popular destinations such as Vietnam, Japan, and Spain. Traditional travel agencies are regaining and re-strengthening their relevance, as travellers value such services’ personalised assistance, particularly for complex travel plans.
The future of travel in the Philippines looks hopeful, with inbound travel projected to recover by 2027-2028. Outbound travel will continue to rise, but if domestic travel becomes more appealing and affordable, local consumers may increasingly choose to explore domestic destinations.
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Travel
Travel encompasses several categories including tourism flows, lodging, travel modes, in-destination spending and booking.
See All of Our DefinitionsThis report originates from Passport, our Travel research and analysis database.
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