Paraw Regatta Festival or Iloilo Paraw Regatta Festival is an annual festival held in February in the Villa de Arevalo district, Iloilo City, Philippines. Its main event is a sailboat race in Iloilo Strait that features the Paraw, a Visayan double outrigger sail boat. It is the oldest traditional craft event in Asia and the largest sailing event in the Philippines. It is one of Iloilo City's tourism events along with the Dinagyang Festival, Kasadyahan Festival, Chinese New Year festival and La Candelaria Fiesta. The Iloilo Paraw Regatta began as a half-day sailboat race but is now a multi-day, multi-event festival.
The Paraw race course is a 30 kilometres (19mi) long, running up the coast of Panay and then down the coast of Guimaras, before returning to the finish at Villa Beach. Participating paraws are categorized based on the waterline length of the boat and further classified according to their sails as "unpainted" or "painted". The sails are painted with colorful designs.
The racing breaks down into two classes. Boats of length 16 ft and below of strictly traditional construction and those 16 ft 1 inch through to 22 ft with a wider range of materials allowed.
- Iloilo Paraw Slalom
- Miss Iloilo Paraw Regatta
- Pinta de Layag Competition
- Pinta Tawo Competition
- Miniature Paraw Race
- Rowing and Paddling Competition
- Governor's Cup Fishing Competition
- Samba de Regatta
- Beach Football Tournament
- Beach Volleyball Tournament
- Paraw Regatta Festival: Philippines’ Biggest Sailing Event (English) (9 February 2016). Retrieved on 22 May 2016.