Foreign tourists’ spending in the PHL to grow 101% by 2030

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The story "Foreign tourists’ spending in the PHL to grow 101% by 2030 " was covered 2 weeks ago by Business Mirror, a news publisher based in Philippines.

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Foreign tourists’ spending in the PHL to grow 101% by 2030 - Business Mirror

Quick Summary:

LONDON — The spending of international leisure tourists in the Philippines is predicted to increase by 101 percent by the year 2030, which will make it among the fastest-growing countries in Southeast Asia.

He added that shifts in the Chinese yuan and consumer prices have diminished the spending power of the Chinese, “while travel preferences have seemingly changed with the emergence of lower-spending international travelers, including more repeat travelers.

DOT’s marketing arm, the Tourism Promotions Board, is eagerly awaiting for these visa reforms to be able to implement more strategies to specially promote the Philippines as a wedding destination to the Indian market.(See, “TPB pushes ‘Wedding Season’ for Indian visitors in the PHL,” in the BusinessMirror, July 6, 2024.