The city of Parañaque is bordered to the north by Pasay, to the northeast by Taguig, to the southeast by Muntinlupa, to the southwest by Las Piñas, and to the west by Manila Bay. Parañaque is also the location of one of the terminals of Ninoy Aquino International Airport, Terminal 1, and is served by a network of expressways and arterial roads, including South Luzon Expressway, Manila-Cavite Expressway, and Metro Manila Skyway.
It prides itself as a premier tourist destination in Metro Manila, thanks to a slew of historical attractions, shopping centers branded hotels and casinos in the area.
The principal malls include SM City Sucat(opened in July 2001), SM City Bicutan, and SM City BF Parañaque. Robinsons operates one mall inside BF Homes and one supermarket. Smaller malls like Jaka Plaza, Pergola Lifestyle Mall and Noah's Place Mall, 2 Walter Mart branches serve locals and travelers in the city.
Baclaran functions as the city's flea market, which sells a variety of goods like clothing, school uniforms and costumes, and other retail items.
Casinos like City of Dreams Manila, Solaire Resort & Casino and Okada Manila mostly invite foreign gamblers. Aseana City or Entertainment City, which is located in sections of barangays Tambo and Don Galo, is still being developed.