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
Boracay combined with poorly monitored snorkeling activity in coral rich areas. The Boracay Foundation Inc. (BFI) made efforts to remedy the situation by launching a "reefurbishment" program for the corals. In 2017, the BFI claimed the number of corals in Boracay increased from 15 to 20 percent since 2015 due to its project. Boracay has been experiencing an increased coliform bacteria population since the 1990s which contributed to a 60 percent decline in tourist arrivals in 1997. Although a potable water supply system, a solid waste disposal system, as well as a sewage treatment plant which began operation in 2003 were