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The city derives significant income from tourism. It hosted the 1998 ASEAN Tourism Forum. The city also hosted the East Asian Tourism Forum on August 2002, in which the province of Cebu is a member and signatory.

There are a number of significant Spanish colonial buildings in Cebu City which includes the Basilica Minore del Santo Nino, Fort San Pedro, Casa Gorordo Museum and Magellan's Cross.

The Cebu Reggae Festival is a popular Filipino Reggae and Roots music festival, it now has become one of the Philippines' largest annual Reggae Festivals. On Cebuano musical heritage, the Jose R. Gullas Halad Museum in V. Gullas St. (former Manalili) corner D. Jakosalem St. in Cebu City, holds musical memorabilia of Cebuano composers in the early 20th century, the likes of Ben Zubiri (composer of Matud Nila), Inting Rubi (Kasadya Ning Taknaa) and Minggoy Lopez (Rosas Pandan). The Cebu City Sports Complex exhibits sporting and festival events.

Away from the city is the Cebu Taoist Temple, a Taoist temple in Beverly Hills. Views of Cebu City can also be seen from villages and gated communities located on the mountains.