Boracay Convention Center plenaries in the function rooms. The Boracay Convention Center is part of the 79.21-hectare eco-village land in Boracay Island, which the Ayala group owned until June 2003. In 2005 alone, Boracay Property Holdings Inc., has so far invested $6 million or about P336 million to put up the world-class hotel and facilities in the area. Philippine Department of Trade and Industry Secretary Cesar A. V. Purisima had endorsed the conversion of the eco-village project, into a Tourism Economic Zone (TEZ) to President Gloria Macapagal Arroyo, who issued the presidential proclamation. The Trade department noted the rise in tourist bookings in
2018 Boracay closure and redevelopment limit to be imposed on Boracay. The Department of Tourism would also prohibit smoking and drinking of alcohol in public places and the beaches of Boracay though these activities would be allowed in designated areas. This was done in an effort to reduce cigarette butts and shards from broken alcohol bottles in beaches. Large scale parties such as the "Laboracay", which draws in 60,000 to 70,000 tourists in three days, would no longer be allowed in the island. Under the new rules, 19,200 tourists per day will be allowed on the island. Moreover, fire eaters, masseuses, vendors, stray dogs, bonfires