Cebu, Philippines, is set to attract massive investment to become a new tourism hub. Travelers International Hotel Group will invest about US$400 million to build Mactan World Resorts . The resort is expected to start construction in 2025 , with commercial operations expected to begin by the end of 2026 .
Project Overview and Location
The integrated resort is located within Mactan Newtown, Cebu , and is a 30-hectare mixed-use development. The project includes a casino, a five-star hotel, entertainment facilities, and high-end food and beverage outlets , and its proximity to the beach also offers facilities for water sports and resort-style vacations .
Aiming to replicate the success of Newport World Resort (formerly Resorts World Manila) in Cebu, the project is currently in the process of obtaining a casino operating license from the Philippine Gaming and Amusement Corporation (PAGCOR) . The resort is located just 20 minutes from the Mactan-Cebu International Airport, giving it an edge in attracting domestic and international VIP travelers.
Economic impact and job creation
The construction of Mactan World Resorts is expected to create 5,000 new jobs . It is also expected to generate about 243 million pesos (about 4.3 billion won) in real estate and business tax revenue over the next five years.
Lapu-Lapu City Mayor Junard Chan said the project will help transform Mactan into a “ premier tourism destination .” Project developer Megaworld Corp. said the project will mark a significant milestone in the expansion of Cebu’s tourism infrastructure.
Strengthening the competitiveness of local tourism and resort industries
Cebu is the Philippines’ main tourist destination , attracting 17% of all tourists. Travelers International is looking to capitalize on Cebu’s tourism potential to compete with Metro Manila’s entertainment city . The company says Manila is already saturated and the development of new destinations is essential.
Future outlook and expected effects
Mactan World Resorts is expected to lead the region’s luxury resort industry alongside Cebu’s NUSTAR Resort. Tourism experts expect the project to contribute significantly to attracting foreign investment and increasing tourist inflow . The resort is ideally located to meet the needs of business tourism as it is adjacent to the Mactan Expo Convention Center.
Conclusion
Coming to Cebu, Mactan World Resorts will be more than just a resort; it will be a catalyst for the local economy and tourism industry. Travelers International ’s major investment will play a key role in Cebu’s growth as a premier destination in the Philippines. This project is a good example of Cebu’s vision to become an international destination through the convergence of tourism and gaming .
Comments