Growing Commerce, Industry, and Tourism
The number of commercial establishments in the city continues to increase, providing the growing population better goods and services. Banks have intensified their presence indicative of economic growth in Iloilo City. Business Parks, hotels and condominiums such as the Megaworld’s Iloilo Business Park, Richmonde Hotel, Courtyard Marriot, and One Madison are rising to meet current and future demand. Real estate industry steadily grew over the years. Iloilo City tourist arrivals reflect an all-time high of 526,965 foreign and domestic tourists contributing to P9, 687,408,381 to the local economy in 2012. The city is a gateway to the various attractions in the province, Guimaras and the world-renowned Boracay Island.