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 claimed that the animal is a normal occurrence in Boracay. It criticized the government for using the sighting as a metric for the rehabilitation. The government in June 2018 announced that it is developing the Ati people's ancestral land in Boracay into an agro-tourism area in an effort to integrate the Ati in the island's tourism industry. The development is part of the Department of Agriculture's "Kabuhayan at Kaunlaran ng Kababayang Katutubo" (; 4Ks) program which was conceptualized by the department's secretary Emmanuel Piñol. A greenhouse will be set up for vegetable cultivation and a goat farm for the production