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Booking in the Philippines

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    Report

  • 14 Pages
  • September 2024
  • Region: Philippines
  • Euromonitor International
  • ID: 5731842
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. According to the Philippine Travel Agencies Association, the surge in foreign trips among local consumers is notable, with popular destinations including Vietnam, Japan, Hong Kong, Türkiye, Spain, and Portugal.

The Booking in Philippines report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest market size data 2019-2023, allowing you to identify the sectors driving growth. It identifies the leading companies and offers strategic analysis of key factors influencing the market - be they new legislative, technology or pricing issues. Background information on disposable income, annual leave and holiday taking habits is also included. Forecasts to 2028 illustrate how the market is set to change.

Product coverage: Booking Offline, Booking Online, Business Travel, Direct Suppliers, Leisure Travel, Travel Intermediaries.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Booking market
  • Pinpoint growth sectors and identify factors driving change
  • Understand the competitive environment, the market’s major players and leading brands
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

KEY DATA FINDINGS

2024 DEVELOPMENTS
  • Double-digit growth in bookings supported by “revenge travel”
  • Traditional travel agencies remain relevant due to their personalised services
PROSPECTS AND OPPORTUNITIES
  • Challenges remain with strict visa rules for key markets such as China
  • OTAs maintain sales, while hotels aim to attract direct booking
CATEGORY DATA
  • Table 1 Booking Sales: Value 2019-2024
  • Table 2 Business Travel Sales: Value 2019-2024
  • Table 3 Leisure Travel Sales: Value 2019-2024
  • Table 4 Travel Intermediaries NBO Company Shares: % Value 2019-2024
  • Table 5 Forecast Booking Sales: Value 2024-2029
  • Table 6 Forecast Business Travel Sales: Value 2024-2029
  • Table 7 Forecast Leisure Travel Sales: Value 2024-2029
TRAVEL IN THE PHILIPPINES

EXECUTIVE SUMMARY
  • Travel in 2024
  • Airlines: Key trends
  • Hotels: Key trends
  • Booking: Key trends
  • What next for travel?
MARKET DATA
  • Table 8 Surface Travel Modes Sales: Value 2019-2024
  • Table 9 Surface Travel Modes Online Sales: Value 2019-2024
  • Table 10 Forecast Surface Travel Modes Sales: Value 2024-2029
  • Table 11 Forecast Surface Travel Modes Online Sales: Value 2024-2029
  • Table 12 In-Destination Spending: Value 2019-2024
  • Table 13 Forecast In-Destination Spending: Value 2024-2029
DISCLAIMER

SOURCES
  • Summary 1 Research Sources