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 resolve the worsening sewage conditions there. Duterte has directed Environment secretary Roy Cimatu to resolve the environmental issues in the island. Boracay is part of the jurisdiction of the town of Malay of Aklan province. Three of Malay's barangays are in Boracay. According to the Western Visayas regional office of the Department of Tourism, Boracay had two million tourists in 2017 which accounts for 34 percent of Western Visayas' 5.8 million tourist arrivals. At least 19,031 are employed to work on the island. Waters along the beaches of Boracay have experienced algal bloom which environmentalists and some long-time residents claim