HOTELS and restaurants in the Philippines saw their total income decline by 27.88 percent in 2014, according to latest data from the Philippine Statistics Authority (PSA).
Based on the preliminary results of the 2014 Annual Survey of Philippine Business and Industry (ASPBI), the accommodation and food-service sector’s total income declined to P292.1 billion in 2014, from P405 billion in 2013.
“[Total] income or revenue includes cash received and receivables for goods/products and by-products sold and services rendered. Valuation is at producer prices (ex-establishment) net of discounts and allowances, including duties and taxes but excluding subsidies,” the PSA said.
The decline in income may be due to the decline in the income of restaurants and mobile food-service activities, which accounted for the bulk, or 61.4 percent, of the sector’s income in 2014.
Restaurants and mobile food- service activities posted a total income of P179.4 billion in 2014, significantly lower than the P302.2 billion, or 74.6 percent, of the total in 2013.
In 2014 establishments engaged in short-term and other accommodation activities posted an income of P101.9 billion, or 34.9 percent of the total, while beverage-serving activities had a share of P6.1 billion, or 2.1 percent.
The lowest income was generated by event catering and other food-service activities, with P4.8 billion, or 1.6 percent.
Among regions, more than half of the total income of the sector was earned by establishments in the National Capital Region (NCR) amounting to P167.8 billion, or 57.4 percent.
Central Visayas and Calabarzon followed with P26.1 billion, or 8.9 percent, and P25.9 billion, or 8.9 percent of the total, respectively. The Autonomous Region in Muslim Mindanao (ARMM) recorded the lowest income, with P61.8 million.
The sector had a total of 5,492 establishments with total employment (TE) of 20 and over in the formal sector of the economy.
Restaurants and mobile-food service activities registered the highest number of establishments, with 3,957 establishments, or 72 percent of the total, followed by short-term and other accommodation activities, with 1,151 establishments, or 21 percent.
Beverage serving activities ranked third, with 300 establishments, or 5.5 percent, while event catering and other food- service activities recorded the lowest number of 84 establishments, or 1.5 percent.
By geographic location, NCR or Metro Manila had the most number of accommodation and food-service activities establishments, with 2,303 firms, or 41.9 percent of the total.
Calabarzon placed second, with 660 establishments, or 12 percent, while Central Luzon (Region 3) had 542 establishments, or 9.9 percent of the total.
Firms based in ARMM had the smallest number of establishment, with only eight establishments, or 0.1 percent of total establishments.