Voted Asia’s leading beach destination, the Philippines is projected to welcome 10 million foreign tourists in 2028, nearly doubling its current numbers, BMI Research reports.
BMI forecasts a 14.8% average annual growth rate in Philippine tourist arrivals, aiming to reach approximately 9.7 million visitors by 2028.
However, the report also noted that tourist numbers may only reach six million by the end of this year as the sector continues to recover from the COVID-19 pandemic.
According to the Philippines’ Department of Tourism, arrivals from January to October increased by 10% year-on-year to 4.5 million, representing just 66.5% of pre-pandemic levels.
Source: VnExpress
