The World Travel and Tourism Council (WTTC) placed the Philippines in the 13th on the Travel and Tourism Countries Power ranking, and 15th on the Travel and Tourism Countries Performance ranking.
Based on the country’s absolute growth, the Philippines is ranked 13th with an overall score of 19.75 in the WTTC’s Travel and Tourism Countries Power ranking, which is.
Based on compound annual growth, the Philippines is ranked 15th with an overall score of 30.0 in the WTTC’s Travel and Tourism Performance ranking.
Both ranking include four main Travel and Tourism indicators namely: Travel and Tourism total gross domestic product, foreign visitor spending (visitor exports), domestic spending and Travel and Tourism capital investment.
The Philippines ranked eighth among states that have seen the largest growth in travel and tourism’s contribution to GDP from 2011 to 2017, with USD66.3 billion share in 2017 alone.
The Philippines also placed seventh among states where travel and tourism contribution to GDP grew fastest, growing at an annual rate of 14.2 percent.
WTTC’s report involves assessing 185 states based on its travel and tourism sector’s performance from the period of 2011 to 2017 after the financial crisis ended.
The report \also highlights the scale of growth of a country’s travel and tourism in four key areas: contribution to Gross Domestic Product (GDP), international visitor spend, domestic spend, and capital investment.
WTTC is an organization of global business community for the travel and tourism industry that works to raise awareness of travel and tourism as one of the world’s largest industries.