BORACAY | Alta Vista de Boracay [17T x 3F|res]

Selling Boracay resort
Tourism may be an in-thing but the resort business is something that the Consunjis may give up. Operating the 500-room Alta Vista De Boracay resort, for instance, is a profitable venture but DMCI Holdings feels that this business isn’t something that should take up much of DMCI Homes’ management time.
The idea of selling Alta Vista De Boracay, which was developed at the height of the Wall Street-epicentered global financial crisis of 2008, came about as a Chinese tour operator, which frequently brings tourists to this resort in Barangay Yapak, Boracay, made an offer to buy rooms in the resort to have better control of accommodations given that there’s a steady inflow of Chinese tourists to the island.

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