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 tons of garbage at average. In lieu of this, the agency is working with the local government of Malay and other stakeholders to come up with new regulations once Boracay is opened again to tourists. The DENR would only allow for 19,000 tourists to visit the island daily. If the limit is exceeded, only allow tourists with hotel reservations would be allowed but their respective hotels would be alerted by the agency that the daily limit of tourists in the island has already been reach. However it was later clarified that the government has yet to finalize the daily tourist