Nestled east of Negros and west of Leyte and Bohol, this 225-kilometre long island is best known as the centre for commerce and trade in the Visayas, apart from being a leading initiator in other sectors like education, tourism, technology, and entertainment.
We are obviously talking about Cebu, a booming province south of the Philippines that is taking the spotlight in the “most attractive Phillipine locations” category. And it’s fantastic landscapes, impressive beaches, and iconic destinations are not just the reasons why “Sugbu”, colloquial name, is considered attractive. Its progressive industry and its thriving economy also makes it an ideal setting for businesses of all sorts.
If you need further convincing, here are more reasons…
Its tourism industry is gaining global recognition.
Malapascua, Bantayan, Camotes, Moalboal, Oslob―you’ve probably read of these destinations over the Internet, and it’s not hard to see why. These locations are famous for their expansive white sand beaches, impressive collections of coral reefs, and stunning cornucopia of marine life. Indeed, tourism in Cebu is only just testing its potential. In a few years, it will soon become one of the, if not THE, centre for beach-based tourism in the Philippines.
It is replete with strategic business locations.
If you’ve been to Cebu City, then you’ve most likely visited IT Park and Cebu Business Park already. These key areas are the main commercial locations of high-rise buildings for different sectors, be it publishing, marketing, BPO, finance, residential, etc. In fact, these have become pseudo-tourist attractions themselves, with sight-seers and other individuals chilling in pubs and catching up on the latest. From a business standpoint, you’ll definitely benefit from the 24-hour onslaught of different audiences from various locations.
Its finance industry is ever expanding.
Of course, as an investor and entrepreneur, your main concern is the stock market and the finance industry. Well, you’ll be happy to know that this sector is as stable as you want it to be, with a constant barrage of different investors, both foreign and local, gambling their hard-earned money on different fields. And obviously, the government is encouraging more developers to make themselves at home in Cebu.
Its consumer market is highly welcoming of amateurs.
What’s great about Cebuanos is that they are always craving for something “new”- a new experience, a new cuisine, a new adventure, a new location to see and enjoy. The audience is definitely not hard to attract, as long as you have an interesting business concept and you keep your service top notch.
These qualities are just a preview of Cebu’s best. Whether you invest as a retailer, real estate owner, financier, hotelier, restaurateur, etc., you will definitely reap the benefits of such a gamble in just a few months! Isn’t that something to look forward to?Guest Post Author
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