Tourism investments in the Philippines hit US$8.64bil in 2023

- File photo of a fishing boat cruises along a marine protected area in Halian Island, one of the new attractions that tourists may visit in Del Carmen town on Siargao Island, Surigao del Norte province. Tourism investments in the Philippines totaled P509 billion in 2023, according to Department of Tourism (DOT) Secretary Christina Frasco. - The Philippine Daily Inquirer/ANN

MANILA: Tourism investments in the Philippines totaled US$8.64 billion (P509 billion) in 2023, the Department of Tourism (DOT) said.

Tourism Secretary Christina Frasco said this amount was 34 percent higher than tourism investments obtained in 2022.