Friday, December 2, 2022

Spanish hotel companies will invest US$1 billion in the Dominican Republic

The Spanish hotel chains in the Dominican Republic announced this Thursday an investment of 1,000 million dollars for the next two years, reported the Ministry of Tourism.

In an event of those hotel chains that make up the Inverotel association, held in Santo Domingo and attended by the Dominican President, Luis Abinader, the Minister of Tourism, David Collado, indicated that it is expected to end this November with the arrival of 589,000 visitors.

As of today, 424,322 foreigners have arrived in the Dominican Republic and it is estimated that this month there will be a growth of approximately 35-40 percent.

Only yesterday, 17,979 foreigners arrived in the country (66% through Punta Cana, 22% through the Las Américas International Airport and 9% through Santiago) from 76 countries, with the United States in the lead and, of the total, 75% of the visitors stay in hotels.

For his part, the Dominican president insisted on security when investing in the country, which helps the progress of the Dominican Republic and job creation.

The president of Inverotel, Encarna Piñero, from Grupo Piñero, considered that by the end of the year the Dominican Republic may have received 7.2 million visitors.

He added that a large part of these tourists will have stayed in the hotels that sixteen of the seventeen companies that make up Inverotel have in the country and that in total represent 45% of the availability of hotel rooms in the Dominican Republic.

“We are living through a great moment in the history of Dominican tourism and we want it to last, prosper and grow,” said Piñero, who advocated the joint work of authorities and the private sector.

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