A new integrated resort in Lapu-Lapu City, Cebu, Philippines, called Mactan World Resorts, is set to break ground in 2025. The project, led by Travellers International Hotel Group Inc. (TIHGI), will involve an investment of approximately NT$9.5 billion and become a key development within the Mactan Newtown development plan. Spanning 300,000 square meters, the resort will feature luxury hotels, a casino, and a variety of entertainment facilities, aiming to attract tourists and bring significant economic benefits to the Cebu region.

Attracting International Tourists and VIPs

Mactan World Resorts is just a 20-minute drive from Cebu International Airport, a key advantage that will boost its appeal to tourists. Cebu International Airport is the second-largest airport in the Philippines after Manila. Data shows that 17% of global travelers choose Cebu as their vacation destination, and this new project will further enhance the region's tourism resources.

TIHGI’s Expansion Vision

The development of Mactan World Resorts is an important step in TIHGI’s strategy to expand its market presence. The group already operates Newport World Resorts, the largest integrated resort in Manila’s Entertainment City. This new project will extend the company’s reach to Cebu, further strengthening its market competitiveness. Last year, TIHGI applied for a casino operation license from the Philippine Amusement and Gaming Corporation (PAGCOR) to support the resort's growth.

Boosting the Local Economy and Creating New Jobs

In addition to the potential growth in tourism and entertainment industries, Mactan World Resorts will create 5,000 jobs during its construction and operation phases. The project is expected to generate around NT$1.36 billion in property and business tax revenue within five years. Lapu-Lapu City Mayor Junard "Ahong" Chan expressed that this development will not only raise Cebu’s international profile but also serve as a significant driver for the local economy.

Expanding Further to Other Philippine Tourist Hotspots

Beyond Cebu, Kevin Tan, Chairman of TIHGI’s parent company Alliance Global Group Inc. (AGI), has revealed plans for future investments in other regions of the Philippines, particularly in internationally renowned tourist destinations like Boracay. He emphasized that these projects will help stimulate local tourism and contribute to long-term, stable economic growth across the Philippines.

Challenges and Future Outlook

Although the development plan has generated excitement, experts have pointed out potential challenges. Alfred Benjamin R. Garcia, Head of Research at AP Securities, noted that while Cebu has strong tourism potential, competing with Manila’s Entertainment City will be a challenge. However, as TIHGI continues to expand its business footprint, the company is expected to grow in the coming years and strengthen its position in the Philippine integrated resort industry.