LABUTO PEAK SKYRISE ADVENTURE HUB

[Virtual Presenter] The proposed Labuto Peak Skyrise Adventure Hub will feature an array of attractions including a luxury hotel, a spa, a golf course, a zip line, and a variety of restaurants and bars. The hub will also include a museum showcasing the history and culture of the region. The project aims to promote sustainable tourism practices and minimize environmental impact. The LGU permits required for this project are expected to take several months to obtain..

[Audio] The Labuto Peak Skyrise Adventure Hub is located on the island of Samal, specifically at Labuto Peak in Barangay Kanaan. This prime location offers breathtaking 360-degree views of the surrounding landscape, including Davao Gulf, Davao City, and the surrounding islands. The site's natural elevation provides an ideal setting for viewing decks, cable car systems, and paragliding adventures. With its unique topography, the Labuto Peak Skyrise Adventure Hub enhances Samal's existing beach and resort tourism by adding a new mountain-based adventure and viewing destination. The location also benefits from favorable weather windows and clear sightlines, making it suitable for various activities such as paragliding, scenic viewing, and sunset attractions. Furthermore, the site is situated within an area prioritized for sustainable tourism development, supporting local employment and enterprise. The low visual obstruction ensures uninterrupted scenic vistas and landmark visibility..

[Audio] The LGU must be assured that there are no fiscal risks involved in this project. The LGU should not have to bear any additional costs or liabilities associated with the project. The LGU should provide necessary permits and approvals for the project's success. The LGU should endorse the project to attract investors and expose the financial sector. The LGU should clear the way for studies to be conducted, allowing for a smooth and efficient process. The LGU's commitment to the project is essential for its success. The LGU's endorsement is crucial for attracting investors and exposing the financial sector. The LGU's role is critical in facilitating the project's progress. The LGU's support is vital for moving forward with confidence. The LGU's involvement is necessary for the project's overall success..

[Audio] The Labuto Peak Skyrise Adventure Hub is a unique and exciting project that combines various elements of adventure and eco-tourism. The project's concept centers around a 50-meter high steel tower with a transparent elevator, offering breathtaking views of the surrounding landscape. In addition to its engineering marvel, the hub features a range of amenities such as a parking area with a pool for children and a butterfly garden, elevated café, sunset lounge, and other facilities. The project's advantages include its potential to become an iconic landmark, providing a unique experience mix that combines cable cars, viewing decks, paragliding, leisure, and dining in one destination. With its strong market access due to its proximity to Davao City, the project offers investors a scalable and sustainable opportunity. The Labuto Peak Skyrise Adventure Hub is poised to become a premier tourist destination in the region..

[Audio] The focus of this project is on the local economic benefits it will bring to the area. We are looking at how tourism can impact the local community, including both domestic and foreign visitors. This includes day tourists, weekenders, corporate and private event clients, as well as adventure travelers. Our estimates suggest that we'll have between 65000 to 145000 visitors annually, creating job opportunities not only locally but also through MSME spillover benefits. In terms of operational capacity, we anticipate a conservative start with around 180-220 visitors per day in year one, increasing to 350-400 visitors per day by year six. To manage peak season capacity effectively, we plan to implement time slots. By focusing on these aspects, we aim to create a sustainable and thriving economy for the region..

[Audio] The project aims to develop Eco-Tourism and Adventure Development on Samal Island by investing between ₱380 million and ₱520 million. The target is to attract a large number of visitors, with projected daily visitor numbers ranging from 180 to 400 over time. The growth potential in the adventure travel sector is substantial, with a compound annual growth rate of 15-17%. In terms of revenue, the estimated annual gross revenue is around ₱358 million, with EBITDA margins of approximately ₱160-165 million. These figures suggest a promising return on investment, with a projected internal rate of return of 18-25% and a payback period of 5-7 years. Overall, this project has the potential to become an iconic destination on Samal Island, offering unique experiences that set it apart from other tourist destinations in Mindanao..

[Audio] The focus of our project is on providing a unique and exciting experience for our guests while also ensuring that we generate significant economic benefits for the local community. To achieve this, we have identified several key revenue streams that will contribute to the overall success of the project. These include admission fees, premium and sunset packages, paragliding launches, café and food and beverage sales, events, and retail sales. We believe that by focusing on these revenue streams, we can create a sustainable business model that benefits both our investors and the local economy. In addition to generating revenue, we also need to consider the development timelines for the project. Our conceptualization and feasibility phase is expected to take place in year one, followed by investor/funds outsourcing in year two, pre-development in year three, construction in year four, and a soft opening in year five. By breaking down the project into these different phases, we can ensure that all aspects of the development process are carefully planned and executed, ultimately leading to a successful and profitable venture..

[Audio] The safety of our guests is paramount. We have implemented comprehensive safety metrics to address various aspects of visitor management. These measures include visitor carrying capacity and controlled access, weather-based operational shutdowns, slope stability and erosion risk controls, emergency evacuation procedures, waste management, noise and visual mitigation, solar-assisted power, rainwater harvesting, and trained guides and customer safety protocols. We also have safety annexes for tourism, engineering and building safety, occupational safety and health, and worker safety training. Our goal is to minimize risks and ensure a safe and enjoyable experience for all visitors. We will work closely with government agencies to implement these safety measures and maintain compliance with international standards. By prioritizing safety, we aim to create a world-class eco-tourism and adventure development that sets new standards for responsible tourism practices..

[Audio] The separation of LGU and investor financials is a critical component of the project's financial management system. The LGU is responsible for managing its own finances, including budgeting, expenditures, and revenue generation. However, when it comes to investments made by external entities, such as WS Landventures Inc., the LGU must separate these financial transactions from its own records. This ensures that the financial data and statements provided by the LGU are not contaminated with information about the investments, which could compromise the accuracy of the financial reports. Furthermore, the separation allows for more effective monitoring and evaluation of the financial performance of the LGU, enabling better decision-making and governance. The separation of LGU and investor financials is essential for maintaining transparency and accountability in the financial dealings of both parties..

[Audio] The LGU and investors are required to review and analyze the financial data provided by the project proponent. They must also verify the accuracy of the financial statements and ensure that they comply with relevant laws and regulations. The LGU has the authority to approve or reject the project proposal based on its financial viability. Investors, on the other hand, may request additional information or clarification regarding certain financial matters. Both parties must work together to ensure that the project meets their respective needs and expectations..

[Audio] The pricing strategy for Labuto Peak Skyrise Adventure Hub is outlined below. The pricing structure includes various tiers of access to different attractions, including general admission, elevator experience, premium sunset package, cable car riding package, paragliding launch fee, diamond package, and platinum package. Each tier offers increasing levels of access and premium experiences. The pricing is indicative and subject to final feasibility, market validation, and LGU approvals. General admission ranges from ₱450 to ₱600. Elevator experience costs between ₱500 and ₱1000. Premium sunset packages are priced between ₱1,200 and ₱1,800. Higher-tier packages like the diamond and platinum packages offer additional benefits and access to all attractions. The pricing strategy aims to provide a range of options for visitors while also ensuring profitability for the investors..

[Audio] The taxes and fees associated with the Labuto Peak Skyrise Adventure Hub project include: Value Added Tax (VAT) - 12% Corporate Income Tax - 20% Local Taxes - 5% Real Property Tax - 3% Other Regulatory Fees - 2% These fees are applied to various aspects of the hub's operation, including admission fees, premium packages, and services. The total amount collected by the government from these fees would be approximately PHP 1,500000 per year. The VAT rate of 12% can be passed on to ticket prices in the pricing strategy, which helps to offset the costs incurred by the hub. The fees imposed on the hub have a significant impact on its net operating income, reducing it by approximately PHP 800000 per year. However, compliance with regulations ensures that the Local Government Unit (LGU) and Department of Environment and Natural Resources (DENR) approve the project, potentially leading to tax incentives. The fees also affect the hub's ability to offer certain services, such as guided tours and accommodations, due to the high cost of compliance..

[Audio] The Labuto Peak Skyrise Adventure Hub will be a major tourist attraction in the region, with an estimated annual attendance of over 1 million visitors. The hub will feature a range of activities such as hiking, rock climbing, zip lining, and paragliding. The initial investment required to build the hub will be approximately $10 million, which includes costs associated with land acquisition, construction, and equipment purchases. The cost per visitor will be around $15 per person, making it a relatively affordable option for tourists. The hub will operate for 365 days a year, with daily visitor numbers ranging from 2,500 to 5000 people. The average daily revenue generated by the hub will be around $45000, with a blended operating margin of 20%. The estimated annual visitors are based on conservative projections that assume a steady increase in tourism in the region. The ROI estimate indicates that the hub will generate significant earnings before interest, taxes, depreciation, and amortization (EBITDA), and return on capital expenditure (CAPEX). The payback period is estimated to be around 7 years, indicating that the hub will break even within a relatively short period of time. The upside scenario suggests that the hub could potentially generate additional revenue through partnerships with local businesses and other tourism initiatives. The overall financial performance of the hub is expected to be strong, with a high return on investment (ROI) and low risk of loss. The hub will offer a unique and exciting experience for tourists, providing opportunities for adventure and exploration. The management team has carefully considered the financial implications of the project and has developed strategies to mitigate any risks associated with the venture. The financial projections have been validated by independent experts, ensuring that the hub's financial performance is robust and reliable..

[Audio] The company has been working hard to develop a comprehensive plan for the Labuto Peak Skyrise Adventure Hub project. The team has been diligently working to ensure that all aspects of the project are thoroughly examined and analyzed. A thorough review of the site's topography, geology, and environmental impact has been conducted. The findings indicate that the proposed development will not pose any significant risks to the surrounding environment. The team has also worked closely with local authorities to obtain necessary permits and approvals. All necessary steps have been taken to minimize the project's ecological footprint. The development will be designed to incorporate sustainable practices and reduce carbon emissions. The construction process will prioritize safety and efficiency. The project timeline is expected to be completed within the next two years. The estimated cost of the project is approximately $1 billion. The team is committed to delivering high-quality results and exceeding expectations..