Real estate tourism in the Dominican Republic attracts most private investm

Real estate tourism in the Dominican Republic attracts most private investment

13-07-23

The Vice Minister of Tourism, Jacqueline Mora, explained that investments in tourism construction in the Dominican Republic amount to 10.799 million dollars.

The growth of tourism in the Dominican Republic seems unstoppable, with the country breaking records for arrivals month after month. In view of this growth, it is essential to continue to increase the offer, both accommodation and leisure, to visitors. The Ministry of Tourism has stressed the importance of private investment for the development of the sector.

The Vice-Minister of Tourism, Jacqueline Mora, detailed during the second CENI Expo Forum the amount of tourism investments in the country, as well as the segment to which they have been destined. As she explained, investments in tourism construction in the Dominican Republic amount to 10,799 million dollars.

As for the segments to which the investments have been destined, it has been made clear that the future of tourism in the Dominican Republic lies in the growth of real estate tourism or holiday homes. This segment has concentrated 4,527 million dollars in investments, which represents 42% of the total.

In this sense, Mora highlighted that "construction has been one of the main protagonists in recent years, there is no tourism without infrastructure and the Heart City (Santiago de los Caballeros) has been a pioneer in real estate tourism".

Real estate tourism is followed by investments in the hotel sector, which have reached 4,444 million dollars. In third place, with 756 million dollars, are investments in new infrastructures. Mora also explained that there are other investment projects that were not specified and which amount to 1,072 million dollars.

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