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Philippines Tourism Report Q4 2017

BMI View:

Tourism has traditionally been a key sector in the Philippines, reflecting the country'sreputation as an attractive destination. Rising tourist numbers will buoy demand foraccommodation. However, many of the major domestic and international hotel groups appear slightlyreluctant to improve their presence in the area. Small, independently owned properties will continue toflourish. In addition, while inbound tourism is set undergo significant growth over 2017-2021, we highlightthat this growth will remain contingent on a significant reduction in terrorism risks. While the governmentis keen to improve marketing of the country to the international market, security concerns pose significantdownside risks to our growth outlook as they are a major deterrent for international visitors, particularlythose coming from North America and Europe.

Key Updates And Forecasts

Terrorist attacks can occur on a wide territorial basis but are generally more frequent in southern regionswhere separatist insurgencies are ongoing, with kidnapping posing a particular risk to foreigners.

Criminal activity occurs throughout the country but is more likely to affect operations in Manila. Lookingahead, it will be difficult for the government to encourage tourism to the less established potential touristareas of the country due to prevailing security risks. In 2017, there continued to be ongoing armedconflict between government forces and militants in Marawi City, Mindanao. Martial law is in placeacross the whole of Mindanao until the end of December 2017. All travel to western and centralMindanao and the Sulu archipelago remains dangerous due to terrorist activity and clashes between themilitary and insurgent groups.

BMI Industry View
Table: Key Forecasts (Philippines 2014-2021)
Industry Forecast
Table: Inbound Tourism (Philippines 2014-2021)
Table: Tourism Receipts (Philippines 2014-2021)
Table: Hotel Accommodation (Philippines 2014-2021)
Table: Tourist Departures and Consumption (Philippines 2014-2021)
Industry Risk/Reward Index
Asia Pacific Tourism Risk/Reward Index
Table: Asia Pacific Tourism Risk/Reward Index, Q4 2017
Philippines Tourism Risk/Reward Index
Market Overview
Competitive Landscape
Domestic Hotel Groups
Table: Domestic Hotel Groups
International Hotel Groups
Table: International Hotel Groups
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Weighting Of Indicators

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