Philippine Outbound Travel: 2022

Before the pandemic, outbound tourism expenditures enjoyed a 4% CAGR between 2015 and 2019. By 2019, Filipinos spent PHP 61.4 billion in shopping overseas alone. Shopping was one of the fast-growing components of spending over a 5-year period, only second to travel agencies and reservation spending (+8% CAGR) and tied with F&B (+6%). In 2020, …

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