DISCOVERY WORLD CORPORATION (DWC) is a professionally managed company that develops, operates, and manages some of the most sought-after luxury destinations in the Philippines.

 

The Company was incorporated and registered with the Securities and Exchange Commission on January 5, 1993, as Southern Visayas Property Holdings, Inc., and on March 21, 2013, the SEC approved the change of the Company's name to Discovery World Corporation. It is doing business under the name and styles of Discovery Boracay, Forno Osteria, Indigo Restaurant, Sands Restaurant, Sand Bar, Bogart's Bar, 360 Roof Lounge, and Terra Spa.

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DWC was listed and traded on the Philippine Stock Exchange on November 21, 2013.

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The Company’s primary purpose is to develop, invest in, own, acquire, administer, construct, and operate hotels, resorts, apartelles, condominiums, townhouses, buildings, other tourist-related structures, and their usual facilities, including but not limited to, the operation of transportation or shuttle services for tourists in all its various forms by means of automobiles, motor cars, buses, trucks, cruise lines, yachts, boats, luxury vessels, leisure and sports crafts, and other similar modes of transportation and conveyances of every kind and description as may be allowed by law.

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Discovery World Corporation’s first and flagship project is Discovery Boracay (formerly known as Discovery Shores Boracay), an 88-suite resort hotel located in Station 1 of the island of Boracay that was launched in 2007. During the reopening of Boracay Island following its 6-month rehabilitation in October 2018, the luxury resort launched “Signature Suites,” its premier wing with an additional 11 indulgent suites. Most recent awards received in 2024 include “Philippines’ Leading Beach Resort” 31st Annual World Travel Awards, and the 2024 Best Family Hotels and Resorts in Asia (Top 5 in the Philippines) from Travel + Leisure SEA. The property was also recognized by Travel + Leisure Luxury Awards Asia Pacific 2024 for Beach, Island + Upcountry Resorts and at Agoda’s Customer Review Award 2024, elevating Discovery Shores Boracay as a world-class destination hotel of international standard.

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The company also owns and operates Discovery Coron (formerly known as Club Paradise Palawan), presently a 74-key luxury resort in Dimakya Island, Coron, Palawan, following DWC’s acquisition of Euro-Pacific Resorts, Inc. in 2013. Discovery Coron enjoys an "AA" resort accreditation rating from the Department of Tourism. It received the Kalakbay Resort of the year (AA Category) award in 2001 and 2003 from the same agency. Some of the notable international awards include Asean Green Hotel Standard during the Asean Tourism Forum 2024, Luxury Private Island Resort – Continent Winner, Asia, Luxury Wedding Resort – Regional Winner, Southern Asia, 2024 Best Family Hotels and Resorts in Asia (Top 5 in the Philippines) from Travel + Leisure SEA. Discovery Coron was also recognized by Travel + Leisure Luxury Awards Asia Pacific 2024 for Beach, Island + Upcountry Resorts including its Hotel Manager, Mr. Joegil Magtanggol M. Escobar, for the Hotel General Managers Category. The island resort also received recognition during Agoda’s Customer Review Award 2024.

 

In the 4th quarter of 2018, the company, through its fully-owned subsidiary Cay Islands Corporation, opened its 5-hectare El Nido, Palawan development, a retail strip called "Shoppes at Vanilla Beach." Shoppes has around 5,000 sqm. of leasable space. The tenant mix includes restaurants and lifestyle shops. The Company is also developing a 117-hotel room and 84-bunk bed hotel-and-hostel development under the brand “Kip & Kin,” a new and exciting brand of the group catering to the younger generation.

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Through another subsidiary called Discovery Fleet Corporation, DWC also operates Discovery Palawan, a cruise boat with an aggregate of about 20 rooms and facilities. Discovery Fleet is in the cruise business that generates its revenue from the full diving and non-diving programs from its voyage in the Philippines’ renowned dive sites. This business has two (2) main seasons, namely the Tubbataha season from March to June and the leisure season from October to March.

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DWC also owns Discovery Hospitality Corporation, the homegrown management company behind award-winning properties, namely Discovery Boracay, Discovery Coron, Discovery Primea Makati, Discovery Suites Ortigas, Manami Resort, and Discovery Samal.

 

The company continues to expand its business in key tourist destinations within the country through its other 100%-owned subsidiaries - Sonoran Corporation, Palawan Cove Corporation, Long Beach Property Holdings, Inc., Lucky Cloud 9 Resort Inc., and Balay Holdings Inc.

 

In 2021, One Davao Townships Corporation (ODTC), 100% owned by DWC, was incorporated, with the purpose of investing and developing real estate. ODTC is strategically pursuing an 11-hectare modern community development in Davao City.

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In the last quarter of 2021, DWC invested in True Ally Ventures Limited (True Ally), a registered company in the British Virgin Islands. True Ally will venture into the cryptocurrency and NFT (non-fungible token) space through blockchain gaming and other various related services contributing to building the open metaverse.

 

In September 2023, Viper Holdings Corporation (VHC) was incorporated for the purpose of holding the group’s future solar and other renewable energy assets.