The World Travel & Tourism Council’s latest Economic Impact Report revealed last year the Philippine’s Travel & Tourism contribution to the nation’s economy climbed 129.5.% year on year, to reach US$ 41 billion.
Following an 80% decline, this impressive rise saw it ranked as the world’s fourth fastest growing economy during 2021.
News of the sector’s growing revival from the pandemic was revealed today by Julia Simpson, President & CEO of the World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism private sector, at its prestigious Global Summit in the Philippines.
