(L-R) Leonard Tirol, Boracay Foundation Board of Director; Mary Ann Ong, Philippine Tour Operators Association Board Member; Marlene Dado Jante, Philippine Travel Agencies Association President; Jose Clemente III, Tourism Congress of the Philippines President; Christine Ibarreta, Hospitality Sales and Marketing Association President and Fe Abling-Yu Philippine Tour Operators Association Vice President in the Boracay Tourism Stakeholders hold a joint press conference in Terraz, Zuellig, Makati on Thursday, March 22, 2018, warned that the island resort would lose P56 billion in revenues if it would be closed totally in April. PHOTO BY ANDREA DE LA CRUZ
SHUTTING down Boracay may result in losses amounting to P56 billion, according to stakeholders on Thursday, as they suggested rehabilitation instead of closure of businesses on the island resort.