Aklan, boracay beach, boracay Philippines
Without having to mince words or delve into other aspects of trade and industry, Boracay economy is mostly based on one thing; Tourism. Although in the past there were large fishing villages on the island who made modest livings selling their catch to the local wet markets, the Boracay economy would almost be non-existent without the continuous influx of more tourists and visitors looking for their own tropical vacation in this paradise.
Boracay island is known as one of the planet’s most beautiful tropical destinations. The main part of the island, White Beach, is four kilometers long and is filled with resorts, restaurants, bars, music lounges, dance halls, souvenir stores and many more tourist-related buildings. There is also a communications corporation which even has staff in matching uniforms which reflect the kind of professionalism seen in the formal business districts.
Even with only a small size of less than 1000 hectares and about six thousand permanent residents, Boracay is a slice of heaven on Earth. Established in 1949 as a part of agricultural land it is enhanced by its abundance of aquatic resources coming from the Sulu and Sibuyan Seas. And since the tourism trade is major part of the Boracay Economy, the island is considered a 4th class municipality.
Situated in the center of the Panay island group in the country’s Visayas region, the municipal hall of Boracay is unique due to the many modern equipment and general efficiency of its staff who all wear great looking uniforms for easy identification.
Under the presidency of Fidel Ramos, tourism levels rose to 1.15 million visitors in the initial year which meant revenues amounting to USD 1.67 billion. The Boracay Economywent up even more in the 5 following years as revenues reached USD 2.7 billion at the end of 1996. A very good sign of progress during that time!
We also have to consider that the revenue was generated mostly by the more than two million foreign tourists who vacationed on Boracay. While there were 11.87 million local visitors who contributed at least PhP40.14 billion to the total revenue.
Based on those figures, the World Tourism Organization considered this the highest speed of development for annual tourism in this part of Southeast Asia. From that time on, more than 1.1 Philippine residents have been employed in one capacity or another as part of the Boracay economy and have comprised six percent of the Philippines’ GNP.
The development of the Boracay economy was the effect of the better political climate and economic progress of the country which was spearheaded by the national government.
And the actual introduction of the island of Boracay as a tourist spot to the whole world can be credited to a Mr. Manuel Elizalde, who, in the early 70’s invited his friends to enjoy the beach at Boracay as part of his capacity as the Chief of Presidential Assistance for National Minorities in during that time. His guests were so enthralled by the sights and sounds of the beach and waters that millions of tourists have been coming ever since that time.
In the early 1980’s, backpackers from all over the world also began pouring in to enjoy the beach. And, at the end of 1990, more than 200,000 visitors had experienced the island and contributed to the Boracay economy.