Tieza Registers P6.2 Billion in Committed Investments from Hospitality Sector

Strategic Insights -

Tieza, the infrastructure and investment arm of the Department of Tourism, has registered a significant P6.2 billion in committed investments from the hospitality sector, with these investments expected to generate 1,576 jobs in local communities. According to Tieza Chief Operating Officer Dr. Mark T. Lapid, the total committed investments cover the period starting from 2009, when Republic Act 9593 (Tourism Act of 2009) was passed. This milestone comes as a result of the expansion of Tieza's mandate through the adoption of RA 11534 (Corporate Recovery and Tax Incentives for Enterprises or CREATE Act) in 2021 and RA 12066 or the CREATE MORE (Maximize Opportunities for Reinvigorating Economy) Act in 2024.

Key Takeaways:

  • Tieza has registered P6.2 billion in committed investments from the hospitality sector, with these investments expected to generate 1,576 jobs in local communities.
  • The total committed investments cover the period starting from 2009, when Republic Act 9593 (Tourism Act of 2009) was passed, with the expansion of Tieza's mandate through the adoption of RA 11534 in 2021 and RA 12066 in 2024.
  • Among the significant hotel brands that have committed these investments include Fairfield by Marriott Cebu Mactan, Signature Suites by Discovery World, Seda Hotels, Hotel Elizabeth Resort and Villa, among others.
  • Tieza's mandate has been expanded to include fiscal incentives for stand-alone tourism enterprises, with 36 registered business enterprises, of which 15 are accommodation establishments.
  • Tieza has streamlined the registration process, significantly reducing the turnaround time for applications to 20 working days upon complete submission of documents and information.
  • The agency has issued a special processing timeline for the registration of Micro and Small tourism enterprises and has made registration fees competitive with other IPAs.
  • Tieza works closely with tourism stakeholders like the Philippine Hotel Owners Association and business chambers, regularly conducting business briefings and local investment roadshows to raise awareness regarding government incentives for tourism investors.

Statistics:

  • P6.2 billion: Total committed investments from the hospitality sector
  • 1,576: Expected jobs to be generated in local communities
  • 2009: Starting period of total committed investments
  • P3.9 billion: Travel tax collected by Tieza in the first half of 2025
  • 2021: Adoption of RA 11534 (Corporate Recovery and Tax Incentives for Enterprises or CREATE Act)
  • 2024: Adoption of RA 12066 or the CREATE MORE (Maximize Opportunities for Reinvigorating Economy) Act
  • 20 working days: Turnaround time for applications after complete submission of documents and information
  • 36: Number of registered business enterprises (RBEs)
  • 15: Number of accommodation establishments among the RBEs
  • 7: Number of newly registered business enterprises added in 2025

Sources:

  • Tieza Chief Operating Officer Dr. Mark T. Lapid (via Viber message to the BusinessMirror)
  • Republic Act 9593 (Tourism Act of 2009)
  • Republic Act 11534 (Corporate Recovery and Tax Incentives for Enterprises or CREATE Act) (2021)
  • Republic Act 12066 or the CREATE MORE (Maximize Opportunities for Reinvigorating Economy) Act (2024)
  • Tieza's Partners and Stakeholders Appreciation Night (2025)
  • Business Mirror, "Tieza's travel tax collection exceeds pre-pandemic level" (July 30, 2025)