The Philippines generated a total of PHP178.48 billion tourism receipts in the first nine months to September this year, the Department of Tourism (DOT) said Wednesday.
DOT said that this figure is a 5.76 percent increase compared to the PHP168.75 billion acquired in the same period last year.
This growth was driven by its top spending markets Canada with an average per capita spending of PHP76,670.97, United Kingdom with a per capita spending of Php47,433.21, and Korea with PHP43,963.64 per capita spending.
It was also attributed to the surge in foreign tourist arrivals from the first nine months to September at 4.46 million, which is 12.08 percent higher than the 3.98 million arrivals in the same period last year.
Korea, USA, China, Japan and Australia still make the top five source markets.
Also owing to the leap in receipts and arrivals is the massive marketing campaigns of the DOT to increase awareness on different Philippines destinations.
DOT Secretary Wanda Teo said the department is still on track on its six-million target arrivals by yearend.
"We are well underway to achieving our target of six million international visitor arrival by the year's end, thanks to the support of all stakeholders in the tourism sector," Teo said.
Tourism is currently the third biggest contributor to the country's gross domestic product (GDP) with a share of 8.2 percent.
Source: Philippines News Agency