HISTORICAL DEMAND

YEAR MARKET TARGET FREQUENCY OF ANNUAL

ACCEPTABILITY POPULATION VISIT DEMAND
2013 87% 221, 342 43% 82, 804
2014 87% 223, 512 43% 83, 616
2015 87% 225, 703 43% 84, 435
2016 87% 227, 914 43% 85, 263
2017 87% 230, 147 43% 86, 098

PROJECTED DEMAND

Year A YI-1 YC
2018 824 86, 098 86, 922
2019 824 86, 922 87, 746
2020 824 87,746 88, 570
2021 824 88, 570 89, 394
2022 824 89, 394 90, 218

HISTORICAL SUPPLY

YEAR DEMAND SUPPLY SITUATION ANNUAL SUPPLY

RATE
2013 82, 804 72% 59, 619
2014 83, 616 72% 60, 204
2015 84, 435 72% 60, 793
2016 85, 263 72% 61, 389
2017 86, 098 72% 61, 991

PROJECTED SUPPLY

YEAR DEMAND SUPPLY SITUATION ANNUAL SUPPLY

RATE
2018 86, 922 72% 62, 584
2019 87, 746 72% 63, 177
2020 88, 570 `72% 63, 770
2021 89,394 72% 64, 364
2022 90, 218 72% 64, 957
DEMAND GAP ANALYSIS

DEMAND SUPPLY-GAP FOR FIVE YEARS

YEAR ANNUAL DEMAND ANNUAL SUPPLY GAP
2018 86, 922 62, 584 24, 338
2019 87, 746 63, 177 24, 569
2020 88, 570 63, 770 24, 800
2021 89, 394 64, 364 25, 030
2022 90, 218 64, 957 25, 261
ASSUMPTIONS: Market Share Increase 10%

Year Demand Gap Target Market Share Target Annual Market

Percentage Share
2018 24, 338 7% 1,704
2019 24,569 7.70% 1, 892
2020 24,800 8. 47% 2, 101
2021 25,030 9. 32% 2, 333
2022 25,261 10. 25% 2, 589
2018-2022 ANNUAL MARKET SHARE PER SERVICE

2018 Annual Market Base Percentage Number of Clients

Share
Bataan Tour 1, 704 Annual Market 7% 119
Packages Share
Bolinao Tour 1, 704 Annual Market 6% 102
Package Share
Calaguas 1, 704 Annual Market 9% 153
Share
Coron 1, 704 Annual Market 8% 136
Share
Cebu/Bohol 1, 704 Annual Market 2% 34
Share
El Nido 1, 704 Annual Market 7% 119
Share
Caramoan 1, 704 Annual Market 5% 85
Share
Ilocos 1, 704 Annual Market 25% 426
Share
Baguio 1, 704 Annual Market 8% 136
Share
Batanes 1, 704 Annual Market 9% 153
Share
Zambales 1, 704 Annual Market 5% 85
Share
Puerto Galera 1, 704 Annual Market 9% 153
Share
2019 Annual Market Base Percentage Number of Clients
Share
Bataan Tour 1,892 Annual Market 7% 132
Packages Share
Bolinao Tour 1,892 Annual Market 6% 114
Package Share
Calaguas 1,892 Annual Market 9% 170
Share
Coron 1,892 Annual Market 8% 151
Share
Cebu/Bohol 1,892 Annual Market 2% 38
Share
El Nido 1,892 Annual Market 7% 132
Share
Caramoan 1,892 Annual Market 5% 95
Share
Ilocos 1,892 Annual Market 25% 473
Share
Baguio 1,892 Annual Market 8% 151
Share
Batanes 1,892 Annual Market 9% 170
Share
Zambales 1,892 Annual Market 5% 95
Share
Puerto Galera 1,892 Annual Market 9% 170
Share

2020 Annual Market Base Percentage Number of Clients

Share
Bataan Tour 2, 101 Annual Market 7% 147
Packages Share
Bolinao Tour 2, 101 Annual Market 6% 126
Package Share
Calaguas 2, 101 Annual Market 9% 189
Share
Coron 2, 101 Annual Market 8% 168
Share
Cebu/Bohol 2, 101 Annual Market 2% 42
Share
El Nido 2, 101 Annual Market 7% 147
Share
Caramoan 2, 101 Annual Market 5% 105
Share
Ilocos 2, 101 Annual Market 25% 525
Share
Baguio 2, 101 Annual Market 8% 168
 Share
Batanes 2, 101 Annual Market 9% 189
Share
Zambales 2, 101 Annual Market 5% 105
Share
Puerto Galera 2, 101 Annual Market 9% 189
Share

2021 Annual Market Base Percentage Number of Clients

Share
Bataan Tour 2, 333 Annual Market 7% 163
Packages Share
Bolinao Tour 2, 333 Annual Market 6% 140
Package Share
Calaguas 2, 333 Annual Market 9% 210
Share
Coron 2,333 Annual Market 8% 187
Share
Cebu/Bohol 2, 333 Annual Market 2% 47
Share
El Nido 2, 333 Annual Market 7% 163
Share
Caramoan 2, 333 Annual Market 5% 117
Share
Ilocos 2, 333 Annual Market 25% 583
Share
Baguio 2, 333 Annual Market 8% 187
Share
Batanes 2, 333 Annual Market 9% 210
Share
Zambales 2, 333 Annual Market 5% 117
Share
Puerto Galera 2, 333 Annual Market 9% 210
Share
2022 Annual Market Base Percentage Number of Clients
Share
Bataan Tour 2, 589 Annual Market 7% 181
Packages Share
Bolinao Tour 2, 589 Annual Market 6% 155
Package Share
Calaguas 2, 589 Annual Market 9% 233
Share
Coron 2, 589 Annual Market 8% 207
Share
Cebu/Bohol 2, 589 Annual Market 2% 52
Share
El Nido 2, 589 Annual Market 7% 181
Share
Caramoan 2, 589 Annual Market 5% 155
Share
Ilocos 2, 589 Annual Market 25% 647
Share
Baguio 2, 589 Annual Market 8% 207
Share
Batanes 2, 589 Annual Market 9% 233
Share
Zambales 2, 589 Annual Market 5% 155
Share
Puerto Galera 2, 589 Annual Market 9% 233
Share

2018 ANNUAL MARKET BASE PERCENTAGE NUMBER OF

SHARE CLIENTS
Passport
Processing
A, Rush 1, 704 International 35% 596
Tickets
B. Regular 1, 704 International 65% 1, 108
Tickets
Visa 1, 704 15% 256
2019 ANNUAL MARKET BASE PERCENTAGE NUMBER OF
SHARE CLIENTS
Passport
Processing
A, Rush 1, 892 International 35% 662
Tickets
B. Regular 1, 892 International 65% 1, 230
Tickets
Visa 1, 892 15% 297
2020 ANNUAL MARKET BASE PERCENTAGE NUMBER OF
SHARE CLIENTS
Passport
Processing
A, Rush 2, 101 International 35% 735
Tickets
B. Regular 2, 101 International 65% 1, 366
Tickets
Visa 2, 101 15% 315

2021 ANNUAL MARKET BASE PERCENTAGE NUMBER OF

SHARE CLIENTS
Passport
Processing
A, Rush 2, 333 International 35% 817
Tickets
B. Regular 2, 333 International 65% 1, 516
Tickets
Visa 2, 333 15% 350

2022 ANNUAL MARKET BASE PERCENTAGE NUMBER OF

SHARE CLIENTS
Passport
Processing
A, Rush 2, 589 International 35% 906
Tickets
B. Regular 2, 589 International 65% 1, 683
Tickets
Visa 2, 589 15% 388