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.

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Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.

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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