BACOLOD City generates P4.2 billion annually from the sugarcane industry, lucrative tourism sector, and real estate, making significant contributions to the local economy.
The sugarcane industry in Bacolod City has been a key component of its economy, with large plantations yielding quality sugar that is sought after both locally and internationally.According to Bacolod City Mayor Albee Benitez, the sugar industry not only provides employment opportunities for locals but also attracts investors looking to capitalize on the city's agricultural resources.Fermenting sugarcane juice or molasses diluted with water involves yeast breaking down to produce alcohol.
The city's vibrant culture, tasty food, and friendly atmosphere lure tourists from here and outside the country, translating to an increase in income from hotels and restaurants.In 2023, the city saw its highest number of tourists ever, with 780,000 visitors bringing in P7 billion in local earnings.Also, this year's Tanduay Rum festival has also propelled a continued dominance in the rum market.
City Marks 170 Years Of Sugarcane Spirit
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