Tourism’s GDP share rises in 2018 despite Boracay closure
Tourism’s GDP share rises in 2018 despite Boracay closure
The number of jobs in the tourism industry also inches up by 1.8% to 5.4 million in 2018

MANILA, Philippines – Despite the 6-month closure of Boracay, the tourism industry’s contribution to the country’s gross domestic product (GDP) increased by 12.7% in 2018.

Tourism Secretary Bernadette Romulo Puyat credited the industry’s growth to the Build, Build, Build program and the improved ease of doing business, which she said “boosted both visitor and investor confidence.”

“Moreover, these numbers show that the Philippine tourism industry is sustainable,” Puyat said in a statement on Monday, June 10.

“It is an engine for socioeconomic growth that provides jobs and income to the country while preserving Filipino culture and tradition as well as conservation of the environment.”

Citing Philippine Statistics Authority data, the Department of Tourism said the whole industry saw a 14.3% year-on-year jump in value to P2.2 trillion in 2018.

There was a 14.1% year-on-year increase in domestic tourists to 110 million in 2018, exceeding the National Tourism Development Plan’s target of reaching 89.2 million tourists by 2022.

Expenditures from domestic tourism also jumped by 21% year-on-year to P3.2 trillion.

Tourism growth led to a 1.8% year-on-year increase for employment in the industry, with 5.4 million jobs in 2018 compared to 5.3 million in 2017. –