Lack of Chinese visitors hinders Philippines tourism growth

Pedestrians in Bonifacio Global City in Taguig City, Metro Manila, the Philippines, on Saturday, April 6, 2024. The Philippines trimmed its economic growth forecasts for this year and next amid stubborn inflation and elevated interest rates, while widening its fiscal deficit estimates to support higher spending. Photographer: Veejay Villafranca/Bloomberg

MANILA: The slow return of Chinese tourists has been holding back travel recovery in the Philippines, the Bank of America (BofA) says in a report that highlights the “uneven” recovery in Asia tourism.

As the region’s tourism sector enters the last leg of recovery from the pandemic’s onslaught, BofA said the Philippines, China, Hong Kong and Taiwan were the “laggards” in Asia as tourist arrivals in these destinations have yet to reach pre-pandemic levels.