Philippine actual property advisory agency Leechiu Property Consultants (LPC) experiences that home travel is what’s spurring on the continued restoration of the Philippine travel trade.
During the presentation of its Q2-2025 Philippine Property Market Report on Thursday, tenth July, in Makati, LPC executives identified that revenues earned from the home tourism sector have made up for the shortfall in worldwide arrivals.
According to LPC’s director for lodges, tourism, and leisure Alfred Lay: “Domestic travel can do that for a long time, and the long-term goal for domestic tourism would probably be to double the market size within the next five to 10 years.”
Lay identified that home tourism expenditure in 2024 reached PHP3.16 trillion, surpassing the pre-pandemic degree of PHP3.14 trillion in 2019.
International tourism expenditures, alternatively, stood at PHP699 billion, up from PHP600 billion pre-pandemic ranges, regardless of lacking the 2024 targets.
A well-considered forecast
Following his presentation, Lay remarked that he expects inbound arrivals this 12 months to achieve at the very least six million.
He famous that the arrival of South Korean guests, the Philippines’ prime market, has seen a decline previously 5 months, possible because of the adverse media protection in South Korea over safety points within the nation.
Despite this, nevertheless, long-haul vacationers are rising and have offset the decline.
The LPC report additionally noticed a 19 % decline in Korean arrivals from January to May 2025, falling from 682,000 within the first half of 2024 to 552,000.
On the opposite hand, inbound arrivals from the United States, Japan, Australia, and Canada surged between 9 and 19.4 %.
Lay additional defined that extra routes and flight frequencies may additionally be anticipated to maintain this upward momentum.
The matter of affordability
Lay additionally addressed latest information experiences concerning the affordability of travel to the Philippines, stating that the nation solely ranks in the midst of the pack when it comes to lodge common day by day charges (ADR) in comparison with its Southeast Asian neighbours and rivals.
The report identified that the Philippines ranks fourth in lodge ADR at PHP6,048, with Thailand (PHP8,171), Cambodia (PHP6,591), and Vietnam (PHP6,359) within the prime three locations.
Lay stated: “I would say that we’re still very price competitive across the region, and we will continue to be so for quite a long time.. As we scale, we improve our infrastructure, our transportation costs come down, that will keep us relevant and will improve our numbers over the mid to long-term.”
