{"id":777021433,"date":"2024-12-11T08:52:55","date_gmt":"2024-12-11T11:52:55","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777021433"},"modified":"2026-04-22T03:23:02","modified_gmt":"2026-04-22T06:23:02","slug":"philippines-tourism-to-recover-to-pre-pandemic-levels-in-2025-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/philippines-tourism-to-recover-to-pre-pandemic-levels-in-2025-analysts-say","title":{"rendered":"Philippines tourism to recover to pre-pandemic levels in 2025, analysts say"},"content":{"rendered":"\n

Maybank Securities expects tourism to reach the levels seen in 2019.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Analysts at Maybank Securities<\/strong> have forecast that tourism in the Philippines could fully recover <\/strong>to 2019 pre-pandemic levels in 2025. Analyst Ronalyn Joyce Lalimo<\/strong> said ongoing infrastructure improvements, including airport upgrades, could also help boost tourism from markets like South Korea, the United States, Japan, and Australia, which have strong historical and cultural connections with the Philippines.<\/p>\n\n\n\n

Maybank highlighted e-visa services for Chinese<\/a> and Indian visitors. Meanwhile, 43 projects underway under the Build Better More programme include five airport upgrades, including Ninoy Aquino International Airport (NAIA) and the New Manila International Airport. These will enhance capacity, with the new NAIA expected to handle 62 million passengers annually, up from 35 million.<\/p>\n\n\n\n

Meanwhile, a new value-added tax (VAT) refund programme for foreign visitors, allowing refunds on purchases over PHP3,000 at approved stores, is likely to increase tourism spending. <\/p>\n\n\n\n

The Department of Tourism (DOT)<\/strong> reported that the Philippines received over 5.35 million tourist arrivals in the first eleven months of the year, including 432,439 entries from overseas Filipinos. For the full year, the Philippines aims to attract 7.7 million arrivals<\/a>. However, Maybank noted fewer arrivals from China, which accounted for 21.2 per cent of arrivals in 2019 but only 5.6 per cent in the first eleven months of 2024.<\/p>\n\n\n\n

South Korea remains the biggest source market, accounting for 26.8 per cent of arrivals (1.44m). The United States was the second-biggest source market with 839,635 arrivals (15.6 per cent). There were 352,630 arrivals from Japan.<\/p>\n","protected":false},"excerpt":{"rendered":"

Maybank Securities expects tourism to reach the levels seen in 2019.<\/p>\n","protected":false},"author":176,"featured_media":6731,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Maybank Securities forecasts the Philippines' tourism sector will fully recover to 2019 pre-pandemic levels by 2025, driven by significant infrastructure upgrades, including major airport expansions, and new e-visa services. The implementation of a VAT refund program for foreign visitors is also expected to boost tourism spending. While South Korea and the US remain key source markets, China's contribution has notably decreased compared to pre-pandemic figures.","focusai_entities":"Maybank Securities, Ronalyn Joyce Lalimo, Department of Tourism (DOT), Ninoy Aquino International Airport (NAIA), New Manila International Airport","focusai_location":"Philippines, South Korea, United States, Japan, Australia, China, India","focusai_target_profile":"ceo_executive (0.85), regulator (0.7), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.8)","focusai_suggestions":[{"label":"GGR Impact Forecast","query":"Given the projected tourism recovery and infrastructure enhancements, what is the estimated incremental Gross Gaming Revenue (GGR) for integrated resorts in the Philippines by 2025, and how does this influence their capital expenditure plans?"},{"label":"China Market Strategy","query":"With the significant decline in Chinese tourist arrivals compared to 2019, what strategic adjustments are integrated resort operators and the Department of Tourism implementing to re-engage this crucial high-value market segment?"}],"footnotes":""},"categories":[163,16333],"tags":[],"class_list":["post-777021433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777021433"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021433\/revisions"}],"predecessor-version":[{"id":777021457,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021433\/revisions\/777021457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/6731"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777021433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777021433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777021433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}