The final results of the 2021 Annual Survey of Philippine Business and Industry (ASPBI) revealed that there were 1,055 registered establishments engaged in Accommodation and Food Service Activities. This represents a 0.6 percent increase from the 1,049 establishments engaged in this sector in year 2020.

In 2021, the total employment for the accommodation and food service activities sector reached 12,344, a decrease of 3.8 percent from the 12,833 workers in 2020. Of the total employment in 2021, 12,085 workers (97.9%) were paid employees, while the rest were working owners and unpaid workers.

The total revenues generated by the Accommodation and Food Service Activities sector amounted to PhP 15.26 billion in 2021, recording an increase of 20.0 percent from PhP 12.72 billion total revenues in 2020.

On the other hand, total expenses incurred by the sector reached PhP 12.82 billion, indicating an increase of 5.3 percent from the PhP 12.17 billion total expenses recorded in 2020.

The total compensation paid by the sector to its employees reached PhP 1.79 billion in 2021, translating to an average annual compensation of PhP 147.82 thousand per paid employee. This amount registered an increase of 48.8 percent from the average annual compensation of PhP 99.34 thousand per paid employee in 2020.

SGD. ATTY. SHEILA O. DE GUZMAN, CPA
Regional Director, RSSO I