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Employment News

Watch Out For More Hospitality Jobs in Subic and Cebu

Date Posted: Aug 17, 2009
Tourism Industry in Subic and Cebu is expected to boom as a Russian developer set to invest and create a multi-billion peso hotel and resort project.

A Russian developer is planning to invest $80 million dollar or Php3.76 billion in a 36-hectare property in Mactan Island, Cebu which is the former location of the closed Coral Reef Resort.

The Philippine-Russia International Development Enterprise (PRIDE) officials are now in talks for the possible joint venture with the Philippines National Bank (PNB), owner of Coral Reef Hotel.

“We are starting to coordinate with PNB and we are willing to go through the stages of getting endorsements from the local government,” says PRIDE president Alexander Zusik.

Part of the plan includes creation of a 600-room hotel, 300-room apartment buildings, a business center covering 8,000-square meters of office space, conference hall and 20 small villas.

“We are bullish in the tourism market of the . The development in Coral Reef will be a major step in establishing our presence here,” says Zusik who believes that the new project will attract a huge number of foreign tourists particularly Russians.

Aside from the Cebu project, the construction of a “historical tropical forest” in Subic Bay is now on going. The said project aims to be another tourist spot in Zambales.

The project which will primary boost the country’s tourism industry will also add employment particularly hospitality jobs.

More job opportunities are set to open once the new resorts officially opened in two years time.




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