Does Panglao Have What It Takes to Be the New Top Destination of the Philippines?
Data from a real estate brokerage firm shows that Bohol tourist arrivals have been steadily increasing through the years.
Did you know that, in 2019, Bohol tallied a whopping 1.58 million tourist arrivals? That is a significant increase from its tourist arrivals just six years before in 2013, which was recorded at 389,000. What's more, despite the crash in arrivals in 2020 due to the pandemic to 177,000, numbers have since picked up since then.
Yes, arrivals in Bohol were recorded at 179,000 in the year 2021, while the number increased even more to 535,000 last year.
The increase in tourist arrivals has been fueled in part by the completion of key infrastructure, which includes the opening of the Bohol-Panglao International Airport in 2018. In fact, the findings gathered by Leechiu Property Consultants show a growing trend that suggests Panglao will surpass Boracay as the country’s top island destination soon.
Given this, it is no surprise that developments done in Bohol—particularly in Panglao—continue to grow in number as well. After all, more and more entrepreneurs are showing an interest in Panglao, since its popularity now serves as a business opportunity that can be explored. Here's how.
Land Values in Panglao
Many entrepreneurs may be interested in investing in land in Panglao. As the developments in the area continue to grow, so will land value. In fact, landowners can eventually sell their lots at a profit or even put up their businesses instead.
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