dominican republic tourism on the increase
News Posted On: 22 April 2010
Tourism to Dominican Republic is on the increase this year, speaking at the Dominican Annual Tourism Exchange (DATE) in Punta Cana, DR Minister of Tourism Francisco Javier Garcia who said that tourism has increased every month since September last year.
Focussing on recent growth, Garcia said that tourism was up 3.2 percent in March (including a 12 percent increase in U.S. visitors), 2.14 percent in February and nearly six percent in January.
"Visits to the DR held steady throughout the global economic crisis and recent data shows a continued and increasing surge of arrivals since last fall. Our strong marketing outreach and continued investment in DR tourism infrastructure has built momentum from our key markets and is creating new markets," he said.
The Dominican Republic property market has always been fuelled by the country's potential for tourism growth in tandem with the low prices of property, which are the lowest in the Caribbean. Before the financial crisis deals offering 12% rental yields were not uncommon in the Dominican Republic, including several key-ready apartment-hotels.
The Ministry of Tourism used the event as a staging ground to underscore its commitment to developing the island's infrastructure, including an announcement that $12 million is to be invested into 58 new projects, including the Atlantic Boulevard in Puerto Plata to connect the North Coast to the Samana Peninsula, refurbishments of major highways and roads, and improving accessibility into the 8 airports.
In today's world -- where buyers are doing their own extensive research -- the government of an emerging market's commitment to developing its infrastructure is an important part of people's decision of whether or not the location is suitable for a property purchase.
View property for sale in the Dominican Republic
Back to news articles for this country
Latest Related News Articles in Dominican-Republic
Dominican Republic Offers Affordable Caribbean Living
2011-10-19
The island is proving to be popular with holiday home buyers looking for a bargain, because there ar.....
Dominican Republic Property Set for Increasing Sales
2010-10-15
Strong economic growth will boost sales of Dominican Republic property as confidence returns in the .....
Dominican Republic Set to Benefit from Resurgence of Low Budget Buyers
2010-05-28
The Caribbean property market has been enjoying a strong recovery in its prime (expensive) markets, .....
Dominican Republic Tourism on the Increase
2010-04-22
The Dominican Republic Ministry of Tourism has told the international travel industry that Dominican.....
Dominican Republic Property to Benefit from Financial Instability in EU
2010-03-02
Tose with cash savings are growing increasingly nervous about inflation and currency devaluation. Mo.....
Dominican Republic Property Sales Set for 2010 Increase
2010-01-13
The return of low-mid budget holiday home investors will generate a substantial increase in Dominica.....
Dominican Republic Set to Regain Popularity with Overseas Property Investors
2009-12-14
The low property prices and rapidly rising tourism made Dominican Republic a favourite with overseas.....
UAE Signs Open Skies Agreement With Dominican Republic
2009-10-05
United Arab Emirates has signed an agreement allowing open air travel between UAE and Dominican Repu.....
Dominican Republic Property Market Well Placed to Recover Quickly
2009-08-17
The International Monetary Fund is forecasting a 0.5% growth in the Dominican Republic economy for t.....
Dominican Republic Tourism Weathering the Crunch
2009-07-16
The Dominican Republic is faring better during the credit crunch than many of its rivals because of .....