Baguio City has grown to be the economic and commercial hub of Northern Luzon and the Cordillera Administrative Region (CAR) because of the many tourists and visitors that come and keep it busy. It houses a highly active urban life while still giving the small-town vibe, making it a vigorous place for businesses to thrive. In this city they dub the creative “melting pot” of a lot of things, there are numerous business opportunities waiting for you to explore. Here are 5 types of businesses you can venture in if you live in Baguio City:
5 Business Types to Venture in if you live in Baguio City
Transient Housing
Baguio City attracts tourists year-round because of the cold weather and the breathtaking sceneries and tourist spots. And because most travelers seek budget-friendly accommodations, they tend to look for transient houses for their stay in the city.
Food Service Industry
You can never go wrong with food. Anywhere you put up a food business, as long as it’s appetizing to both the taste buds and the wallet, your business is sure to do well. It might be a challenge, however, as there are several competitors in the food industry. One thing is for sure, Baguio City won’t run out of hungry people, especially tourists after a long day of exploring.
Photo via CANVA
Laundry
Since a large portion of the weather in Baguio City is cloudy and cold, washing your own clothes is not not really prominent, as hanging your clothes to dry in the sun pretty much takes up days. Many boarders, especially students, keep laundromats booked and busy.
Thrift Clothes (Ukay-Ukay)
Many people call Baguio City the “Ukay Center” of Northern Luzon. With the city’s Night Market, people from different places flock to find great deals on thrift clothes. Many “Ukay-ukay” business owners have attested to great profit because with a little wash and presentation, thrift clothes could easily look brand new and be sold at a good price.
Baguio City Night Market Photo via Unsplash
Real Estate
As tourism continues to grow, more entrepreneurs consider investing in real estate in Baguio City. Compared to other urban places, real estate pricing in Baguio is relatively cheap. Many investors have also noted that the structures and designs of the city’s real estate properties are remarkable. So extensive remodeling is not really necessary to gain appeal and get value for your money.
Inspired to start a business but no idea where to start? Here are 5 Tips in Owning a Business in Baguio City.