Since the 1970s, Moalboal has developed a tourism industry based on diving and beaches. Panagsama Beach, which was blown away by a typhoon in 1984, is where most resorts are established and White beach, which still has sand, in Barangay Saavedra, which used to be a quieter beach that locals frequent, has only recently developed.

In Moalboal most tourists stay at either Panagsama Beach (Basdiot) or White beach (Basdako). White Beach is known for its beautiful sandy beach and crystal clear water. There is plenty of accommodation near either beach, although Panagsama has the most bars and restaurants.

Within a distance of 20 km from Moalboal you can explore numerous waterfalls, caves and canyons.

Entertainment is laid back and not for clubbers. You can have a beer for less than 45 Pesos in most bars.

Diving is the main activity, and it's very good, even according to Philippine standards. The house reefs are fine and Pescador island the best

The structure of the whole reef is ideal for snorkeling and freediving as well since the reef drop off is close to shore and shallow but goes down to 40 meters+. 

Within a distance of 20 km from Moalboal you can explore numerous waterfalls, caves and canyons.About 30 minutes by motorbike you can visit Kawasan Waterfalls in Badian.