On November 27, President Rodrigo Duterte officially unveiled the new Bohol-Panglao International Airport to the world. The opening of what will surely become an international hub finally arrives at the Philippines, with leading airlines already competing to make headquarters out of all the new and innovative facilities.
Birth Of A Hub
Bohol-Panglao International Airport, the replacement for the Tagbilaran Airport which closed the same day this new airport opened, brings a breath of fresh air to the region and its inhabitants. Able to welcome twice as many passengers as the Tagbilaran airport and designed to be eco-friendly, it is a revolutionary first in the country. All the flights that were previously at Tagbilaran Airport will now go through this brand new and as of yet uncrowded international airport. Indeed, the airport comes to make air traffic smoother, bring growth and accessibility to an island that is more and more becoming the perfect holiday stay for international and local tourists.
With the help of this airfield, the island of Panglao will receive even more attention. This new link to the world will help the 700,000 visitors in 2017 to grow to an even more significant number. Commercial airlines have already planned to bring exclusive routes from and to the Bohol-Panglao International Airport, with the goal of bringing new people to Bohol. Among other companies, AirAsia and local budget airlines are moving in the new airport, helped by dedicated terminals assuring smooth connections across the country, the continent, and parts of the world the island had never been linked to before.
Investment Opportunities
The transition is going at a steady pace, allowing people and companies to invest in Bohol, Philippines as it grows economically. All the projects surrounding the airport are being closely followed, as will be the hotels, shops, restaurants, and resorts built in prevision of all the new tourists that will arrive in the upcoming months and years. The novelty factor is guaranteed to be a smashing success in a time where Asia’s tourism has been on the rise like never before.
Aside from the tourists, the people of the Philippines are also widely benefiting from the economic and social boost this airport brings in its wake. The creation of jobs brings new strength to the region, and while lodging the tourists are going to be essential, providing real estate to all the workers needed for the airport and its surrounded businesses promises exciting projects for any investor. To be able to build and own plots and property next to a brand new airport is the chance of a lifetime, and the lucky people up for the challenge are sure never to regret it.
All in all, the airport’s economic stimulation and the boost to the region is something well-deserved as it was already a growing touristic hot spot. It cements the transformation of the island of Panglao into a very profitable hub. Investors will have to follow suit and stay close to be a part of what comes next for the exciting future of the region.
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