+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Philippines Travel and Tourism Market Summary, Competitive Analysis and Forecast to 2027

  • PDF Icon

    Report

  • 74 Pages
  • March 2023
  • Region: Philippines
  • MarketLine
  • ID: 5781963
Description Jump to:
Travel & Tourism in Philippines industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The travel and tourism industry consists of revenues generated by passenger airlines, passenger rail, foodservice, hotels and motels, travel intermediaries and casinos and gaming market.
  • The Filipino travel and tourism industry had total revenues of $63.5 billion in 2022, representing a compound annual growth rate (CAGR) of 3.6% between 2017 and 2022.
  • Travel intermediaries was the industry's largest segment in 2022, with total revenues of $40.7 billion, equivalent to 64.1% of the industry's overall value.
  • According to Department of Tourism, Philippines, in 2021, received 163,879 visitors, out of which 24% were from the US, followed by 9.2% from Japan, 5.9% from China and 4.4% from India.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in Philippines
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Philippines
  • Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Philippines travel & tourism market with five year forecasts by both value and volume

Reasons to Buy

  • What was the size of the Philippines travel & tourism market by value in 2022?
  • What will be the size of the Philippines travel & tourism market in 2027?
  • What factors are affecting the strength of competition in the Philippines travel & tourism market?
  • How has the market performed over the last five years?
  • Who are the top competitors in Philippines's travel & tourism market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players in the foodservice industry?
7.2. What strategies do these leading players follow?
7.3. How is technology being used by these leading companies?
7.4. Who are the leading players in the hotels and motels industry?
7.5. What strategies do the leading players follow?
7.6. What are the strengths of leading players?
7.7. How is technology being used by these leading companies?
7.8. Are there any threats to these leading players?
7.9. What have been the most recent developments in the hotels and motels industry?
8 Company Profiles
8.1. Jollibee Foods Corp
8.2. McDonald's Corp
8.3. Marriott International Inc
8.4. Wyndham Hotels & Resorts Inc
8.5. Hyatt Hotels Corp
8.6. Starbucks Corporation
8.7. Cebu Air Inc
8.8. Philippine Airlines Inc
8.9. Air Asia Company Limited
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the analyst
List of Tables
Table 1: Philippines travel & tourism industry value: $ billion, 2017-22(e)
Table 2: Philippines travel & tourism industry category segmentation: % share, by value, 2017-2022(e)
Table 3: Philippines travel & tourism industry category segmentation: $ billion, 2017-2022
Table 4: Philippines travel & tourism industry geography segmentation: $ billion, 2022(e)
Table 5: Philippines travel & tourism industry value forecast: $ billion, 2022-27
Table 6: Jollibee Foods Corp: key facts
Table 7: Jollibee Foods Corp: Annual Financial Ratios
Table 8: Jollibee Foods Corp: Key Employees
Table 9: McDonald's Corp: key facts
Table 10: McDonald's Corp: Annual Financial Ratios
Table 11: McDonald's Corp: Key Employees
Table 12: McDonald's Corp: Key Employees (contd.)
Table 13: McDonald's Corp: Key Employees (contd.)
Table 14: Marriott International Inc: key facts
Table 15: Marriott International Inc: Annual Financial Ratios
Table 16: Marriott International Inc: Key Employees
Table 17: Marriott International Inc: Key Employees (contd.)
Table 18: Marriott International Inc: Key Employees (contd.)
Table 19: Marriott International Inc: Key Employees (contd.)
Table 20: Wyndham Hotels & Resorts Inc: key facts
Table 21: Wyndham Hotels & Resorts Inc: Annual Financial Ratios
Table 22: Wyndham Hotels & Resorts Inc: Key Employees
Table 23: Hyatt Hotels Corp: key facts
Table 24: Hyatt Hotels Corp: Annual Financial Ratios
Table 25: Hyatt Hotels Corp: Key Employees
Table 26: Hyatt Hotels Corp: Key Employees (contd.)
Table 27: Hyatt Hotels Corp: Key Employees (contd.)
Table 28: Starbucks Corporation: key facts
Table 29: Starbucks Corporation: Annual Financial Ratios
Table 30: Starbucks Corporation: Key Employees
Table 31: Starbucks Corporation: Key Employees (contd.)
Table 32: Starbucks Corporation: Key Employees (contd.)
Table 33: CRG Holdings, LLC : key facts
Table 34: Cebu Air Inc: key facts
Table 35: Cebu Air Inc: Annual Financial Ratios
Table 36: Cebu Air Inc: Key Employees
Table 37: Philippine Airlines Inc: key facts
Table 38: Philippine Airlines Inc: Key Employees
Table 39: Air Asia Company Limited: key facts
Table 40: Air Asia Company Limited: Annual Financial Ratios
Table 41: Air Asia Company Limited: Key Employees
Table 42: Philippines size of population (million), 2018-22
Table 43: Philippines gdp (constant 2005 prices, $ billion), 2018-22
Table 44: Philippines gdp (current prices, $ billion), 2018-22
Table 45: Philippines inflation, 2018-22
Table 46: Philippines consumer price index (absolute), 2018-22
Table 47: Philippines exchange rate, 2018-22
List of Figures
Figure 1: Philippines travel & tourism industry value: $ billion, 2017-22(e)
Figure 2: Philippines travel & tourism industry category segmentation: $ billion, 2017-2022
Figure 3: Philippines travel & tourism industry geography segmentation: % share, by value, 2022(e)
Figure 4: Philippines travel & tourism industry value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the travel & tourism industry in Philippines, 2022
Figure 6: Drivers of buyer power in the travel & tourism industry in Philippines, 2022
Figure 7: Drivers of supplier power in the travel & tourism industry in Philippines, 2022
Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Philippines, 2022
Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Philippines, 2022
Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Philippines, 2022

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Jollibee Foods Corp
  • McDonald's Corp
  • Marriott International Inc
  • Wyndham Hotels & Resorts Inc
  • Hyatt Hotels Corp
  • Starbucks Corporation
  • Cebu Air Inc
  • Philippine Airlines Inc
  • Air Asia Company Limited

Table Information

Report AttributeDetails
No. of Pages74
PublishedMarch 2023
Forecast Period2022 - 2027
Estimated Market Value ( USD ) in 2022 $ 63.53 Billion
Forecasted Market Value ( USD ) by 2027 $ 90.82 Billion
Compound Annual Growth Rate7.4%
Regions CoveredPhilippines

Related Topics

Related Reports

Philippines Travel and Tourism Market Summary and Forecast - Product Image

Philippines Travel and Tourism Market Summary and Forecast

  • Report
  • 42 Pages
  • Philippines
From
Asia-Pacific Travel and Tourism Market Summary and Forecast - Product Image

Asia-Pacific Travel and Tourism Market Summary and Forecast

  • Report
  • 40 Pages
  • Asia Pacific
From
Sustainable Tourism in Asia-Pacific - Product Image

Sustainable Tourism in Asia-Pacific

  • Report
  • 49 Pages
  • Asia Pacific
From
Key Themes in Travel and Tourism 2024 - Thematic Intelligence - Product Image

Key Themes in Travel and Tourism 2024 - Thematic Intelligence

  • Report
  • 80 Pages
  • Global
From
Wellness Tourism Market Report by Travelers Type (Primary, Secondary), Service Type (Transport, Lodging, Food and Beverage, Shopping, Activities and Excursion, and Others), Location (Domestic, International), and Region 2024-2032 - Product Image

Wellness Tourism Market Report by Travelers Type (Primary, Secondary), Service Type (Transport, Lodging, Food and Beverage, Shopping, Activities and Excursion, and Others), Location (Domestic, International), and Region 2024-2032

  • Report
  • 144 Pages
  • Global
From
Copyright © 2002-2024 Research and Markets. All Rights Reserved.