I have been working in Cebu City since 2006. The economy is fast growing as I stayed for 3 years. I have seen the construction and the rise of big buildings. Cebu has become the center of Business Processing Outsourcing(BPO). In IT Park alone more than 10 call center were put-up. Usually foreign investors, like Convergy's, Qualfon, Aegis(formerly People Support), Etelecare, Cordia, ACS are some of the call centers situated in IT Park. Cebu is a haven of foreigners. Many foreigners migrated to Cebu to invest business and married Cebuanos. Sinulog Festival which is held every 3rd Sunday of the January attracts tourists.
If you want to go to Cebu, here are the finest hotels that can better accommodate you.