DOT Commends Sector’s Increased Contribution to Economy

The Department of Tourism (DOT) yesterday hailed as an “encouraging development” the 9.2% growth in tourism’s total contribution to the economy in 2021.

Tourism Direct Gross Value Added (TDGVA) for the year was 1 trillion pesos, an increase of 9.2% from 917 pesos. 20 billion in 2020.

According to the Philippine Statistics Authority (PSA), this represented 5.2% of the country’s gross domestic product (GDP) in 2021, one point higher than the 5.1% in 2020.

“DOT sees this as an encouraging development and a positive indicator of government initiatives to stimulate the industry in its continued recovery,” the DOT said.

“The Department hopes that with the country’s more lenient restrictions on local travel and the recent removal of the pre-travel testing requirement for boosted foreign tourists, growth in tourism industry numbers will be sustained this year. “, he added.

In 2021, domestic tourism expenditure – which covers both inbound and domestic tourism expenditure, increased by 16.3% to reach 810.12 billion pesos, compared to 696.81 billion pesos in 2020.

Tourism also supported around 4.9 million jobs last year, 4.6% more than the 4.68 million recorded in 2020.

The DOT is optimistic about a further increase in tourism-related jobs as it observes an “uptrend” in the arrival of tourism in the country.

As of June 15, the DOT had recorded a total of 682,949 incoming tourists, less than five months since the country reopened to foreign tourists.*PNA

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