The slow return of Chinese tourists has been holding back travel recovery in the Philippines, Bank of America(BofA) said in a new report that highlighted the “uneven” recovery in Asia tourism.
In the Philippines, BofA noted that foreign visitor arrivals were still 76 percent of pre-pandemic levels as of February this year, albeit much better than Hong Kong’s 73.7 percent and Taiwan’s January 2024 figure of 69.6 percent.
Data compiled by BofA showed Chinese arrivals are only tracking at 20 to 30 percent of pre-pandemic levels in the Philippines, below trends elsewhere in the region.
