Since the 1970s, Moalboal has developed a tourism industry based on
recreational diving and beaches. Panagsama Beach (
Basdiot), where most resorts and restaurants are situated, was chosen in 2024 by
Condé Nast Traveler as one of the best in the Southeast Asian region and the only one in the country. Further north on the peninsula, in Saavedra, is White Beach (
Basdako), a beach that used to be mostly frequented by locals but has since attracted international tourists. Both Panagsama Beach and White Beach are located away from Moalboal's main bus stop. Recreational diving is the main tourist activity in Moalboal, and reefs along the west coast of the Copton peninsula are home to a great variety of marine life.
Pescador Island, about off the coast, is the most popular dive spot, with an underwater cave known as "the Cathedral". Close to the coastline is a drop-off descending to more than . The area is also known to be a home for
sea turtles as well as a vast school of
sardines.
Whale sharks, dolphins, and
thresher sharks are also seen. Other tourist attractions in Moalboal include: :*
Airplane Wreck (dive site) – located in Saavedra, the airplane is approximately 7m down the slope at the wall's edge, at 20m of depth. The airplane was placed there as a dive attraction in 1993. :*
Batadbatad Falls – locally known as Taginis falls, a hidden and less popular waterfall located in barangay Batadbatad. :*
Budlot Spring – a freshwater spring located in barangay Bala. :*
Busay Cave – a spring inside a cave that provides potable water to the town. :*
Magpayong Rocks – also known as "Mushroom rocks", is a tidal rock formation located at the northernmost seashore of White Beach in Saavedra. :*
Moalboal Heritage Park – also known as "Seaside Park". It is located at the back of the municipal hall and sports complex. :*
Rizal Monument – a
José Rizal statue located along the highway that runs through Moalboal :*
Talisay Wall (dive site) – located at the southern part of Panagsama Beach, in Basdiot. The shallow reef top is covered with hard corals. Talisay Wall is full of black coral, sea fans, sponges, and various sea creatures. :*
Tongo Point (dive site) – also known as Tongo Marine Sanctuary, it is a protected area of Moalboal. The reef is covered with hard and soft corals, a steep drop-off, and a great variety of marine life. :*
Tomonoy Valley (rice field) – a vast rice field located along the highway of barangay Tomonoy :*'''
Tulay (Wharf)''' – located near Seaside Park and the
wet market. With fruit stands and multi-purpose buildings, the wharf serves as a base point for island-hopping to Pescador Island. :*
Tuble Marine Sanctuary (dive site) – one of the protected areas of Moalboal, located in barangay Tuble. Moalboal also serves as a base for other activities, such as
canyoneering in Badian and Kawasan Falls, away from Moalboal.
Kagasangan Festival The annual feast of Moalboal is held on May 15 and 16. Moalboal is also known for its "Kagasangan Festival" (from the Cebuano word
gasang, which translates to "coral"). The festival symbolizes the town's rich marine life and features music, with dancers dressed in colorful costumes depicting the sea's flora and fauna. It is held in honor of
San Juan Nepumoceno. ==Education==