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 which involves decongesting Boracay and implementing building regulations in the island. In addition it has criticized ABS-CBN and GMA Network for using photos of algal bloom in the island to "sensationalize" the algal phenomenon in the island which it insists as natural and says it only occurs in the summer. There were repeat calls for a partial closure of Boracay instead of a total closure. 1-Pacman partylist has proposed the closure of areas identified as medium to high risk based primarily on environmental and sanitary standards while low risk areas are to operate while the rest of the island is