By Rosette
Adel (philstar.com) | Updated July 21, 2015 - 5:44pm
As measured
by tourism direct gross value added to total gross domestic product, the
contribution of tourism industry is around 7.8 percent in 2014. File photo
MANILA,
Philippines – The Philippine Statistics Authority (PSA) on Tuesday reported
that the contribution of tourism industry to the economy was estimated at 7.8
percent in 2014 as measured by the share of tourism direct gross value added
(TDGVA).
TDGVA, which
serves as the indicator to measure the value added of different industries in
relation to tourism activities of both inbound and domestic visitors in the
country, was 14 percent higher in 2014 with P982.4 billion compared to 2013’s
P861.7 billion.
The recorded
TDGVA was based on the latest results of the Philippine Tourism Satellite
Accounts (PTSA) which also provide information on tourism expenditure and
employment.
Accommodation
services had the biggest share of TDGVA at 32.6 percent, followed by shopping
of tourism goods at 15.3 percent, miscellaneous at 15.2 percent, transport
services at 12.6 percent, entertainment and recreation at 10.9 percent, travel
agencies and other reservation services at 8.6 percent, and food and beverage
services at 4.7 percent.
Based on
PSA’s report, employment in the tourism industry went up by 1 percent with
estimated 4.8 million in 2014. This added 12.5 percent in the total employment
in the country in 2014.
PSA also
noted that inbound and domestic tourism expenditure increased.
The inbound
tourism expenditure referring to expenses of non-resident visitors or foreign
visitors and Filipinos permanently residing abroad within the Philippines rose
by 21.9 percent in 2014. It amounted to P274.6 billion from P225.3 billion the
previous year.
On the other
hand, the domestic tourism expenditure pertaining to resident visitors within
the country significantly rose by 24 percent from P1.18 billion in 2013 to
P1.47 billion in 2014.
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