New Tourism Investments
About 28 new tourism projects worth PhP36.3 billion have been endorsed by the Department of Tourism for fiscal incentives from the government. Once these projects are completed, some 15,567 jobs are expected to be generated. The bulk of new investments, amounting to PhP 29 billion are in the Tourism Economic Zones. These include the Eagle Entertainment City, Bagong Nayong Pilipino Entertainment City, Embarcadero de Legaspi, Akean Resorts and Ilawod Estate Tourism Economic Zone.
Additional investment in the accommodation sector with a total cost of PhP5.4 billion is projected to employ 2,722 people. These projects include the Remington Hotel (1,000 rooms) and Microtel Inns and Suites (150 rooms) in Manila, Sheridan Beach Resort (96 rooms) in Puerto Princesa City, Highlander Hotel (76 rooms) in Nueva Vizcaya and Green Canyon EcoPark (75 rooms) in Tarlac.
The opening of 1,056 new hotel rooms in Metro Manila last year are expected to drive visitor traffic to the capital Among the new facilities that have opened are Newport Marriott Hotel (342 rooms), Oakwood Premiere Joy-Nostalg Centre (232 rooms), Maxims Hotel (178 rooms), and The Picasso Serviced Residences (136 rooms).