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 Tourism reported that Boracay had been named the world's second best beach after Providenciales in the Turks and Caicos Islands. Due to worsening environmental conditions in Boracay, President Rodrigo Duterte in February 2018 said he plans to close the resort island, which he described as a "cesspool", on April 26, 2018, instructing Environment and Natural Resources Secretary Roy Cimatu to resolve the issue. In a cabinet meeting, President Duterte approved the full closure of the island for six months, effective April 26. 2018 to rehabilitate and resolve the environmental issues surrounding Boracay. On May 30, 2018, President Duterte declared that