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  • ‘Hotels, hospitals still hot investments’
     
    By Max V. de Leon
    Reporter
     

    DESPITE the present gloom in economics worldwide, investors are going ahead with their plans to increase hotel and hospital rooms, a decision the government said shows continuing investor confidence in the country.

    These tourism sector investors have already under development over P9.1 billion in projects injected during the first half of the year. Tourism Secretary Ace Durano said these government-registered projects, once completed, will raise domestic supply of hotel rooms by another 1,177 units.

    “These projects confirm the stark investor confidence that the country continuously enjoys. We fully advocate immediate action on said projects to further boost the economy,” said Durano in a statement.

    The Department of Tourism has reported these projects include the LKY Hotel (formerly Mayon Hotel) in Legazpi City, Imperial Palace Waterpark Resort and Spa in Lapu-Lapu City, Microtel Inns and Suites in Cabanatuan, Park Bed & Breakfast Hotel & Restaurant in Pasay, Hotel Kimikarlai in Cagayan de Oro; ABC Apartel in Angeles City, Hotel Vida Resort Complex in Pampanga, Paseo Premiere Hotel in Laguna, Bahia de Baler Garden Resort in Aurora, Country Inn Hotel and Restaurant in Cagayan de Oro, Manila Ocean Park and the Sabin Resorts and Development Corp. in Lapu-lapu.

    Among those expanding their infrastructure are Shangri-La Mactan in Cebu and the Eastbay Arts Recreational Tourism Zone in Rizal; while the Peninsula Manila will modernize its facilities.

    Ma. Victoria Jasmin, head of the department’s Tourism Investments Promotions Group, said the construction of these ventures has generated jobs and their completion is expected to generate more jobs “as the tourism industry remains one of the biggest employment resources in the country.”

    In the medical tourism segment, Medical City announced it will add 250 more hospital rooms.

    Board of Investments-approved investments are eligible for income tax holidays of 4 to 6 years, and duty-free importation of selected capital equipment for their operations.

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