Filipinos and foreigners spent the most on food and beverages as well as shopping when they visited various tourist spots in the country in 2022, said the latest data from the Philippine Statistics Authority (PSA) reported out on Thursday. Know more:
In file photo: Restaurants, souvenir shops, boutiques, convenience stores and other establishments at D-Mall in Boracay, Aklan.FILIPINOS and foreigners spent the most on food and beverages as well as shopping when they visited various tourist spots in the country in 2022, said the latest data from the Philippine Statistics Authority reported out on Thursday.
“Among the forms of tourism expenditures, inbound tourism expenditure posted the highest growth in 2022, from P27.63 billion in 2021 to P368.67 billion,” PSA said. PSA said internal tourism expenditure, comprising inbound and domestic tourism expenditure, grew by 131.2 percent. In 2022, PSA said the share of Tourism Direct Gross Value Added to the Philippine economy, as measured by the GDP, is estimated at 6.2 percent.
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