P2.4B Pumped Into Tourist Establishments In Boracay

Two new establishments, including a five-star hotel, worth P2.4 billion, are expected to rise in two major tourist destinations in the Philippines as the Board of Investments (BOI) has given its approval for their construction, the Trade department said.

With the marked increase in tourism projects, the government is confident that it could generate more than seven million tourism-generated jobs and achieve 10 million tourist arrivals by 2016, the Department of Trade and Industry (DTI) said. These targets are based on the National Tourism Development Plan (NTDP).

SOURCE: http://www.sunstar.com.ph/breaking-news/2013/03/05/p24b-tourist-establishments-be-constructed-boracay-puerto-galera-271347

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