Remarkable Contribution of Tourism in Dominican Rep. GDP

The tourist industry in the Dominican Republic represents 15% of contribution to the Gross Domestic Product (GDP) and generates one out of every three jobs in the country, that is why it is the driving machine of economy.

In the Second Asonahores Tourist Investment Forum was revealed that 6.8 million tourists arrive to this Caribbean Island annually, it has about 80,000 hotel rooms and bars and restaurant sector represent 10 percent of the GDP, while the hotel sector contribute with 5 %.

That is the rate of growth of tourism which purpose for the next few years is aimed at achieving 10 million visitors but new rooms should have to be built.

Executives attending the forum referred to the stock market to provide long-term tourism fund, which in their opinion is what the large hotel corporations are doing internationally and which appear as tourism leaders by placing their stocks in different stock exchange.

They noted that in the current year the stock market in Dominican Republic, that is to say, variable income registered in stock exchanges, has  has RD$ 5,300 million pesos registered, 180 percent above what there was in the same period of 2017.

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Tips

El Arrecife de Buccoo es una de las vistas más espectaculares de Tobago. Se trata de una gran formación de coral blanco justo a ras de la superficie del mar