Economy
Puerto Princesa is known as the Eco-Tourism Center of the Philippines. In recent years, the city has seen a remarkable increase in the number of tourists bringing with them trade and businesses for the city. Many hotels ranging from basic to five-star luxury accommodations have been developed since the 1990s to cater to a growing number of foreign and local tourists in the city. There are also a large selection of restaurants, bars, and shops including the recently completed Robinsons Place Palawan shopping mall.
Most tourists come to Puerto Princesa to visit the Puerto Princesa Subterranean River National Park located 50 km north of the city. It was named one of the New7Wonders of Nature. The city is also the jump-off point for exploring the Tubbataha Reef.
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Famous quotes containing the word economy:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)