Are you curious about the booming hospitality industry in the Philippines? With the recent growth, awards and benefits the industry is offering, now is the perfect time to explore the various sectors of hospitality that are available. From high-end resorts to budget-friendly hotels, there's something for everyone to enjoy in the Philippine hospitality industry. So, what are you waiting for? Dive into the world of Philippine hospitality today!
Philippines Hospitality Industry Growth
The Philippine hospitality industry has seen an incredible surge in recent years, and Forbes reports that the tourism sector has grown by an average of 6.5 percent annually since 2010, making it the third-fastest growing tourism destination in the world. This growth has been spurred by a variety of factors, such as increased investment in infrastructure and the development of new attractions such as theme parks, beaches, and hotels. Additionally, the government has implemented a range of initiatives to help further boost the hospitality industry, including tax breaks for hotel owners and other tourism-related businesses, as well as incentives for foreign investment in the sector. Furthermore, the Philippines also has a prominent cultural heritage that makes it a desirable destination for tourists from around the world. Its deep history, vibrant festivals, and stunning natural beauty make it a top choice for travelers. This has resulted in an increasing number of international tourists, thus bringing further growth to the hospitality industry. All in all, the hospitality industry in the Philippines looks set to keep rising in the upcoming years. With the right initiatives in place, the sector is primed to become a major player in the worldwide tourism industry and is worthy of nomination for an award program. So, why wait? Nominate yourself for an Indian hospitality award and reap the rewards.
Benefits of Participating in Hospitality Awards
Are you a business or individual in the hospitality industry? Then don't miss the chance to be part of the Hospitality Awards in Philippines! The Awards recognize and reward excellence in the industry, offering a great platform to showcase your business and network with your peers. With the Awards, you get the opportunity to promote your business through the media, build your brand, attract new customers, and improve your business. So, why wait? Nominate for the Hospitality Awards today!
Hospitality Awards - Hotel Sector Growth
The Philippine hotel industry is growing rapidly thanks to foreign tourist arrivals, new hotels, and expanded existing ones. The hotel boom created jobs and revenue for the Philippines' economy. In 2019, PHP 135 billion (over $2.7 billion) came from the industry to GDP. This figure is expected to grow further in the future. One of the Philippine hotel industry's growth drivers is the increasing number of international tourists. In 2019, 7.1 million tourists arrived, up 6.3% from 2018.
In 2019, 1,000 new hotels opened with a couple room capacity of nearly 200,000, up from previous years. Investors are confident in the Philippine hotel industry. Many hotels have expanded their operations in recent years, boosting employment and economic activity in the Philippines. The Philippine hotel industry will grow rapidly due to foreign tourist arrivals, local and foreign investment, and expanding operations from existing hotels. Take the plunge and nominate your business for the Hospitality Award Program today!
Spa & Wellness Sector Growth
The Philippines has some of the best spas and wellness centers in Southeast Asia. Recent arrivals from around the world have added to the trend.
This trend has generated jobs and revenue for the Philippines' economy. In 2019, spa and wellness contributed PHP 12 billion (over USD 240 million) to GDP. This figure is expected to grow.
International Travel Awards promote the popularity of Philippine spas and wellness centers by helping potential guests from all over the world find them. Winning an award can also boost your business. To increase visibility and acknowledge effort, spas should take the time to nominate themselves for awards and recognition programs in order to improve their business and show the world what they can do.
Restaurant Sector
The restaurant industry contributed PHP 180 billion (over USD 3.6 billion) to the Philippines' GDP in 2019. This figure is expected to grow further in the coming years, thanks to the growing popularity of hospitality awards programs like International Travel Awards.
Hospitality awards programs like International Travel Awards provide restaurants with a way to boost their profile and attract more business. Winning an award can show they are committed to excellence.
Are you ready to take the plunge and nominate your business for the Hospitality Award Program? Don't miss out on this incredible opportunity - nominate today and convince yourself that you deserve the award!