Like other parts of the world it surrounds shopping and food. Traditionally we have parang music (Spanish) and lots of local dishes well prepared such as pastels. A lot of people open their presents Christmas morning and then visit family the next day; Boxing Day, also a holiday.
I am a bit turned off by the emphasis on the snow effect. I find it kind of silly to be hanging decorations using items that emphasize snow or cold country weather when we are on a Tropical island. For me we should have our own traditional decorations.