Tourism revenues plunge P1.54 trillion in 2020 | Inquirer News
Close  

Tourism revenues plunge P1.54 trillion in 2020

/ 05:12 AM September 05, 2021
Tourism Secretary Berna Romulo-Puyat

Tourism Secretary Berna Romulo-Puyat. Photo courtesy of DOT

MANILA, Philippines — The country’s tourism revenues in 2020 dropped by a staggering P1.54 trillion as domestic and international travels ground to a halt due to the COVID-19 pandemic, Tourism Secretary Bernadette Romulo Puyat said.

Puyat disclosed this on Friday during the hearing of the House of Representatives’ appropriations committee on the proposed P3.8-billion budget for 2022 of the Department of Tourism.

ADVERTISEMENT

In 2019, she said, the tourism industry generated an income of P2.51 trillion, contributing nearly 13 percent to the country’s gross domestic product (GDP).

The figure plummeted to just over P973 billion last year, representing 5.4 percent of the GDP, she added.

FEATURED STORIES

The Philippines, she said, suffered an 82-percent decline in tourist arrivals. From 8.26 million in 2019, Puyat said the number of foreign visitors shrank to 1.48 million last year.

—MARLON RAMOS
Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Bernadette Romulo-Puyat, DoT, PH tourism revenues
For feedback, complaints, or inquiries, contact us.

News that matters

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.



© Copyright 1997-2021 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.