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 of milk. A organic restaurant serving Ati cuisine and hostel will also be set up along the beach area to be run by members of the Ati people. The last batch of livelihood aid from the DSWD was distributed to Boracay residents on September 21. A total of worth of aid was given to residents affected by the closure. From October 16 to 25, 2018, Boracay will be partially opened or have a dry run of its return to tourism operations. Filipino citizens will only allowed to visit the island as tourists with locals given priority. Assessment will be made