Ayala Land to invest $133M to develop ecotourism estate in the Philippines

Ayala Land will be investing an initial $133 million to develop the first sustainable ecotourism estate in the Philippines.

Located in El Nido, Palawan, Philipines’s, Lio is a 247-acre development that will include hotels and resorts, tourism and commercial establishments and residential communities with world-class amenities that blend with the natural landscape.

The first phase of the project consists of 61 acres hectares, which shall include a township development called Lio Beach Village, including bed and breakfasts, resorts, shops and dining establishments amid civic spaces. Ten Knots Development Corp., a subsidiary of Ayala Land, will develop the property.

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

The Department of Tourism aims to attract some 10 million foreign visitors to the Philippines, and 56 million domestic tourists by 2016.

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The survey is open to all multiunit hotel ownership and development companies. Results will be published in the October issue of Hotel Management.