Boracay is one competitive venue for the Asian Windsurfing Tour, with the week-long Boracay International Funboard Cup competition usually being held on Bulabog Beach each January..
The well-known Ati-Atihan Festival takes place each January in Kalibo on nearby Panay island. A much smaller Ati-Atihan festival is celebrated on Boracay, usually in the second or third week of January.
Dragon boat races are held annually on Boracay under the auspices of the Philippine Dragon Boat Federation, with teams coming from around the Philippines and from other Asian nations to compete. The races usually take place sometime in April or May.
Since 2003, the Philippine Ultimate Association has been organizing the Boracay Open Asian Beach Ultimate Tournament, an ultimate frisbee event, which is usually held during summer.
The Olympic Council of Asia has announced that Boracay will host the 2014 Asian Beach Games.
The Boracay Dragons, Boracay's ultimate frisbee team, is ranked #1 in the Philippines. They competed in Brazil for World Championship Beach Ultimate 2007. All of the players on the Boracay team were shorter than the shortest players on every other team combined, and only half of the team could afford to fly to Brazil. Nonetheless, the Boracay team took home the most awards undefeated against every other team until the final match in which they lost. Despite being second place in the tournament, the Boracay Dragons are considered to be 2007's most formidable Ultimate Frisbee team.