When it comes to real estate, these refuges are highly sought-after locations for investors looking for both financial gain and a piece of heaven. Crown Asia, a well-known brand in real estate development, has made a name for itself among these environments by providing a method to invest in the unmatched appeal of these immaculate tourist destinations. Now let’s talk about real estate investing, where intelligent investors may benefit from both the intangible grandeur of these sought-after locations and the practical returns that come with the combination of Crown Asia’s experience and the pristine appeal of popular tourist destinations.
For investors looking to gain a presence in a developing market and earn financial returns, investing in real estate in a popular tourist destination in the Philippines is an alluring possibility. The nation’s natural beauty and growing tourist population make it an ideal place to invest in real estate. Before making any investment decisions, it is imperative to carry out extensive research, take into account regional laws and market trends, and consult a professional.
The Department of Tourism (DOT) in the Philippines has reported a positive outlook for tourism, surpassing its year-end target of 4.8 million arrivals. As of December 12, international visitor arrivals reached 5.070 million, contributing P439.5 billion in receipts. South Korea was the top source market, with 1,341,029 arrivals in 2022. The tourism industry created 5.35 million jobs in 2022, with 11 out of every 100 Filipinos employed in tourism. The DOT is optimistic about increasing this year’s number and aims to create a vibrant and innovative tourism landscape. The National Tourism Development Plan (NTDP) 2023-2028 focuses on connectivity, convenience, and equality. The DOT also plans to increase direct flights between the Philippines and more destinations, with a goal of 7.7 million arrivals in 2024.
Five million tourists arrive in PH, exceeding the 2023 objective.
The Department of Tourism (DOT) stated that it was optimistic about Philippine tourism going forward, given that it exceeded its initial year-end goal of 4.8 million visitors.
According to Tourism Secretary Christina Garcia Frasco, the number of foreign visitors arriving in the nation as of December 12th was 5.070 million, bringing in P439.5 billion in revenue.
Of this total, 4658,123, or 91.88 percent, were visitors from outside the Philippines, and the remaining 411,629, or 8.12 percent, were Filipinos living abroad.
With 1,341,029 arrivals, South Korea is the leading source market for the Philippines, followed by the USA (836,694), Japan (285,655), China (252,171), and Australia (238,487). With 206,571, Canada ranked sixth in the meantime, ahead of Taiwan (186,140), the United Kingdom (141,516), Singapore (140,633), and Malaysia (92,383).
These numbers also imply jobs for Filipinos. 2.6 million visitors arrived in 2022, but the tourism sector generated 5.35 million jobs. This indicates that 11% of Filipinos are employed in the tourist industry.
The Department of Tourism anticipates having twice as many foreign guests this year as we did last year, so they are optimistic that this figure will rise. As Frasco presented the DOT’s achievements to media and tourism stakeholders, Frasco stated that they are committed to creating a tourism landscape that is not only vibrant but also innovative in pursuit of this growth direction.
The National Tourism Development Plan (NTDP) 2023–2028, which acts as the DOT’s blueprint and emphasizes equality, accessibility, and convenience, has been authorized by President Ferdinand R. Marcos, Jr.
In 2023, the Department of Transportation (DOT) oversaw the establishment of Tourist Rest Areas in different parts of the nation, established a round-the-clock tourist assistance center, introduced Hop On Hop Off buses in Makati and Manila, led the revitalization of NAIA, and collaborated with multiple government agencies on numerous other tourism initiatives.
Frasco also desires additional direct flights to and from the Philippines. Thus far, direct flights have been effectively established between Manila and San Francisco. Marco Clemente, the Italian ambassador to the Philippines, has discussed potential direct flights to Italy.
Since the US is DOT’s top market, more direct flights are desired there and to Europe. Frasco has already asked PAL to look into direct flights to Italy.
By 2024, the DOT hopes to increase visitor arrivals in the Philippines by as much as 7.7 million.
Why Invest Real Estate in a Tourist Hub?
For astute investors seeking both short-term profits and long-term stability, purchasing real estate in a popular tourist destination in the Philippines might be an alluring prospect. Travelers from all over the world are drawn to the Philippines’ archipelagic beauty, which is well-known for its breathtaking beaches, vibrant culture, and kind people.
The travel and tourism industry of the Philippines
The Philippines, an archipelago of more than 7,000 islands, is home to a thriving and diverse travel and tourism sector that has drawn tourists, explorers, and culture vultures from all over the world. The nation provides a multitude of experiences that appeal to a broad spectrum of travelers, from its immaculate beaches to its rich history and kind hospitality. Let us examine the ever-changing travel and tourism sector in the Philippines.
The Philippines is well known for its magnificent natural scenery. The nation is a nature lover’s dream, with sights like the lush rice terraces of Banaue, the UNESCO-listed subterranean river of Palawan, and the pristine waters and pure white dunes of Boracay. Travelers drawn to these natural wonders are drawn to them because they offer unmatched beauty and excitement.
Beyond its breathtaking scenery, the Philippines is known for its rich cultural legacy that was influenced by a fusion of American, Spanish, and indigenous elements. Visitors are greeted with open arms and treated like family, contributing to the country’s image as a friendly and hospitable destination. Filipinos are known across the world for their warmth and hospitality, frequently referred to as “Filipino hospitality” or “kapwa.” Travelers are left with a lasting impression of this aspect of Philippine culture, which makes their visits unique and poignant.
Thriving travel and tourism sector
The Philippines has seen a steady expansion in the travel and tourist industry. The country’s varied attractions, such as the stunning scenery of Palawan and the pristine white sands of Boracay, have contributed to a steady increase in tourist arrivals. These locations draw both domestic and foreign tourists looking for unforgettable vacations.
The need for lodging, vacation rentals, and hospitality services rises in tandem with the tourism industry’s success, providing real estate developers with a healthy market.
Potential Rental Income
Purchasing real estate in a popular tourist destination is a profitable way to earn rental income. For a more immersive experience, vacationers frequently choose lodgings like condos, villas, or flats over typical hotel stays. Possessing real estate in these in-demand locations enables one to lease or rent out spaces to visitors, generating a consistent cash stream. Property owners may now readily sell their premises to a global audience, boosting their rental potential, thanks to the growth of platforms like Airbnb.
Property Value Growth
In the Philippines, popular tourist destinations—particularly those in desirable locations—frequently experience significant real estate growth over time. Strict zoning regulations in popular tourist areas and a shortage of available land are two factors driving up real estate values. Early investment in certain locations may result in significant gains, enabling investors to profit from the property’s rising value down the road.
Portfolio Diversification
A key tactic for reducing risk in an investment portfolio is diversification. When compared to more volatile investment options like equities or cryptocurrency, real estate investments in popular tourist destinations provide advantages for diversification. Well-established tourist destinations often have more stable real estate, which acts as a buffer against changes in the market and recessions.
Infrastructure Development and Government Initiatives
Through several programs and infrastructure development projects, the Philippine government has been aggressively encouraging tourism. Infrastructure improvements to roads, airports, and utilities are making these tourist destinations more accessible. These kinds of projects not only help the travel and tourism sector but also raise the value of surrounding real estate.
Tagaytay as a tourist destination
Nestled in the breathtaking scenery of the Philippines, Tagaytay is a well-liked tourist destination and a gorgeous jewel. This quaint city, which is close to Manila, is well-known for its pleasant weather, stunning scenery, and variety of tourist attractions that appeal to those looking for a break from the busy city life.
Stunning Views and a Chilled Climate
The most famous aspect of Tagaytay is its breathtaking scenery, which is accentuated by the magnificent Taal Volcano, which is located inside Taal Lake and is the world’s smallest active volcano. The captivating image of the volcano rising out of the middle of the lake enthralls visitors and creates a tranquil and breathtaking setting.
Culinary Scene and Savoury Treats
In addition to its natural beauty, foodies find refuge at Tagaytay. There are several eateries, cafes, and restaurants across the city that provide a diverse range of culinary experiences. Tastes of the region include bulalo (soup made from beef marrow), tawilis (freshwater fish), and delectable meals made with fruit farmed nearby. Food enthusiasts must try the renowned Tagaytay pineapple, coffee, and pasalubong (souvenir goodies).
Recreation and Leisure
Tagaytay has a range of recreational options to accommodate diverse preferences. Picnic Grove and People’s Park in the Sky are well-liked locations for picnics and family vacations because they provide expansive vistas of the Taal Volcano and its surroundings. Adventuresome tourists can experience the area’s natural beauty by trekking, ziplining, or horseback riding.
Relaxation and Wellness Retreats
In addition, the city has a large number of resorts, wellness centers, and spas that serve those looking to unwind and rejuvenate. Indulge in yoga classes, wellness treatments, and massages while taking in the peaceful atmosphere and clean mountain air.
Culture and Art
Image from: https://tagaytay.gov.ph/
The growing art scene in Tagaytay enhances the city’s allure. Local artists’ creations are exhibited in art galleries and cultural centers, offering a window into the dynamic artistic and cultural legacy of the area. In addition to visiting museums, guests can take part in art classes and buy one-of-a-kind souvenirs.
Opportunities with Investing Real Estate in Tagaytay
Tagaytay is the perfect place to invest in real estate. Using the increasing allure of Philippine tourism, Crown Asia, one of the major participants in this scene, has been a significant contributor to the real estate development of the area. Let’s examine the exceptional prospects for real estate investment in Tagaytay while taking into account the convergence of Philippine tourism, Crown Asia, and the booming tourism sector.
Crown Asia: Enhancing the Real Estate Scene in Tagaytay
Reputable developer Crown Asia has been instrumental in influencing Tagaytay’s real estate market. Crown Asia, a company dedicated to quality, innovation, and sustainability, has shown immaculate residential projects that complement the allure and charm of the city.
The surge in Philippine tourism: An impetus for investing in real estate
The Philippines’ varied attractions and strong government measures have propelled the country’s tourist industry, which has been growing. Renowned for its breathtaking scenery and milder weather, Tagaytay has grown in popularity among travelers looking for a peaceful getaway. The increasing number of tourists leads to a surge in demand for lodging, vacation rentals, and hospitality services in Tagaytay, creating a profitable opportunity for real estate investors.
Real Estate Investment Opportunities in Tagaytay
Real estate investing in a condo in Tagaytay is quite promising. Real estate created by businesses such as Crown Asia is an opportunity for investors to profit from the expanding tourism sector in the city. These complexes include lavish condominiums with expansive views of the Taal Volcano and expansive estates tucked away in tranquil settings. They accommodate a range of investor tastes, whether they are focused on long-term capital growth or rental income.
Growing Real Estate Prices and Rental Opportunities
The increasing value of real estate in the area is a result of Tagaytay’s scenic beauty and appeal among visitors. Purchasing real estate in this area provides the chance to earn rental income in addition to the possibility of appreciation. Crown Asia’s properties are well-located, luxuriously furnished, and can draw both domestic and foreign travelers looking for first-rate lodging.
