The revenue change in the 'Hotels' segment of the travel & tourism market in the Philippines was forecast to decrease between 2024 and 2029 by in total 1.9 percentage points. This overall decrease does not happen continuously, notably not in 2027, 2028 and 2029. While the revenue change was increasing earlier, it deteriorated and the revenue change was forecast to reach 5.85 percent in 2029.
Data provided by Statista Market Insights are estimates.
Definition:
The Hotels market includes hotels and professionally-run guest houses. These accommodations can be booked directly via the providers website, through a tour operator, a travel agency, an online travel agency (OTA), or by telephone.
Additional Information:
The main performance indicators of the Hotels market are revenues, average revenue per user (ARPU), users and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues. Users represent the aggregated number of guests. Each user is only counted once per year. Well-known providers are Hotels.com, trivago, and Booking.com.
The booking volume includes all booked travels made by users from the selected region, independent of the departure and arrival. The scope includes domestic and outbound travel.
For further information on the data displayed, refer to the info button right next to each box.
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Statista. (September 16, 2024). Revenue growth of the hotels market in the Philippines from 2020 to 2029 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/forecasts/1201494/revenue-growth-hotels-philippines
Statista. "Revenue growth of the hotels market in the Philippines from 2020 to 2029." Chart. September 16, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/forecasts/1201494/revenue-growth-hotels-philippines
Statista. (2024). Revenue growth of the hotels market in the Philippines from 2020 to 2029. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/forecasts/1201494/revenue-growth-hotels-philippines
Statista. "Revenue Growth of The Hotels Market in The Philippines from 2020 to 2029." Statista, Statista Inc., 16 Sep 2024, https://www.statista.com/forecasts/1201494/revenue-growth-hotels-philippines
Statista, Revenue growth of the hotels market in the Philippines from 2020 to 2029 Statista, https://www.statista.com/forecasts/1201494/revenue-growth-hotels-philippines (last visited November 23, 2024)
Revenue growth of the hotels market in the Philippines from 2020 to 2029 [Graph], Statista, September 16, 2024. [Online]. Available: https://www.statista.com/forecasts/1201494/revenue-growth-hotels-philippines
