The forecasted worst-case impact of the novel coronavirus COVID-19 in the Philippines would be a 0.68 percent decline on the tourism revenue as a share of GDP according to a report dated March of 2020. As of October 23, 2020, there approximately 363.9 thousands coronavirus COVID-19 cases in the Philippines.
Estimated impact of coronavirus (COVID-19) on tourism revenue as a share of GDP in the Philippines in 2020, by scenario
The scenarios have been defined by the source. They represent different durations of travel bans and sharp declines in domestic demand as follows: Best case - 2 months; Moderate case - 3 months; and Worse case - 6 months.
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Asian Development Bank. (March 12, 2020). Estimated impact of coronavirus (COVID-19) on tourism revenue as a share of GDP in the Philippines in 2020, by scenario [Graph]. In Statista. Retrieved December 04, 2024, from https://www.statista.com/statistics/1104207/philippines-novel-coronavirus-covid-19-estimated-economic-impact-tourism-revenue/
Asian Development Bank. "Estimated impact of coronavirus (COVID-19) on tourism revenue as a share of GDP in the Philippines in 2020, by scenario." Chart. March 12, 2020. Statista. Accessed December 04, 2024. https://www.statista.com/statistics/1104207/philippines-novel-coronavirus-covid-19-estimated-economic-impact-tourism-revenue/
Asian Development Bank. (2020). Estimated impact of coronavirus (COVID-19) on tourism revenue as a share of GDP in the Philippines in 2020, by scenario. Statista. Statista Inc.. Accessed: December 04, 2024. https://www.statista.com/statistics/1104207/philippines-novel-coronavirus-covid-19-estimated-economic-impact-tourism-revenue/
Asian Development Bank. "Estimated Impact of Coronavirus (Covid-19) on Tourism Revenue as a Share of Gdp in The Philippines in 2020, by Scenario." Statista, Statista Inc., 12 Mar 2020, https://www.statista.com/statistics/1104207/philippines-novel-coronavirus-covid-19-estimated-economic-impact-tourism-revenue/
Asian Development Bank, Estimated impact of coronavirus (COVID-19) on tourism revenue as a share of GDP in the Philippines in 2020, by scenario Statista, https://www.statista.com/statistics/1104207/philippines-novel-coronavirus-covid-19-estimated-economic-impact-tourism-revenue/ (last visited December 04, 2024)
Estimated impact of coronavirus (COVID-19) on tourism revenue as a share of GDP in the Philippines in 2020, by scenario [Graph], Asian Development Bank, March 12, 2020. [Online]. Available: https://www.statista.com/statistics/1104207/philippines-novel-coronavirus-covid-19-estimated-economic-impact-tourism-revenue/
