BOI approves hotel project worth P45M in Cebu City

·3 min read

THE Board of Investments (BOI) has a P45-million hotel investment project in Cebu City for its Covid-19 proofing initiative.

The 63-room project is the Cebu Quad Management Corp.’s second premium economy hotel with SureStay Plus Hotel by Best Western. The first hotel was in Angeles, Pampanga.

SureStay Plus Hotel will be adopting information technology (IT) systems for contact tracing, online booking and contactless payment. The hotel will also install cameras equipped with thermal sensors or no-contact thermal scanners and disinfecting kiosks with sensors as part of measures to reduce Covid-19 infections.

SureStay Plus Hotel is projected to generate some 32 direct and indirect jobs in its first five years of operation.

The project is expected to provide additional income to food and beverage suppliers and furniture designers and makers of high-quality handicrafts in Cebu.

In a press statement, BOI said the project supports the government’s “Buy Local” campaign, which aims to promote patronage of products and services of domestic enterprises to help them recover from losses during the lockdown.

Tourism has been among the hardest-hit sectors amid the global pandemic. As part of the government’s efforts to help them, BOI has launched a campaign to support businesses during the pandemic. The campaign aims to provide Philippine businesses with the information and the help they need in view of the Covid-19 crisis.

The campaign also promotes government help in a range of areas, from the movement of goods to schemes for manufacturers.

BOI also collaborated closely with the Department of Tourism to introduce a policy providing investment incentives for tourism and tourism-related industries that are upgrading and modernizing their facilities to operate under the new normal.

“The tourism sector has been one of the worst affected of all the major sectors of the economy due to the current health crisis. By providing investment incentives, we hope that the sector, which was a major driver of the economy’s growth pre-Covid-19, will stay afloat, continue business operations and recover the soonest while ensuring the health, safety and wellness of tourists,” Tourism Secretary Bernadette Puyat was quoted as saying in the statement.

“Tourist accommodation facilities that would like to undertake improvements to make their facilities Covid-proof may consider applying for registration of such with the BOI as modernization projects,” she said.

“Even tourism facilities in Boracay, which currently do not qualify for incentives for new and expansion projects because of locational restrictions, may qualify for this special type of incentives for Covid modernization/upgrade projects. These incentives are meant to help the tourism industry recover faster and provide comfort/safety in our tourism facilities,” Puyat said.

Tourism remains a key development pillar that generates high economic gains for the country and livelihood for the Filipinos. Further, the United Nations Sustainable Development Goals has identified tourism as among the driving forces to promote sustained and inclusive growth.

As a labor-intensive sector, the accommodation segment employs about 1.91 million Filipinos, or s 33.6 percent share in the total employment in 2019.

Accommodation is an important tourism value chain of the country being a leading dollar earner along with overseas Filipino workers and business process outsourcing firms. The average length of stay of foreign visitors is usually up to 9.49 nights with an average daily expenditure of US$128.35. In terms of contribution to the economy, the sector contributed P518.72 million or 20.9 percent in the total of tourism direct gross value added of P2.48 trillion in 2019. (CSL with PR)