ProDominicana and ProIndustria Partner to Streamline Investor Procedures

ProDominicana and ProIndustria Partner to Streamline Investor Procedures

Santo Domingo, RD.- With the objective of promoting the competitiveness and productivity of the Dominican Republic, the Export and Investment Center of the Dominican Republic (ProDominicana) and the Industrial Development and Competitiveness Center (Subindustry) signed a collaboration agreement to expedite procedures and through the Single Investment Window of the Dominican Republic (VUIRD). In this sense, … Read more

The projected value of the global travel intermediary market in 2023 is expected to reach US$892.14 million, with a notable growth rate of 5.94%.

The projected value of the global travel intermediary market in 2023 is expected to reach US2.14 million, with a notable growth rate of 5.94%.

Punta Cana, RD.- It is estimated that the global market for travel intermediaries will be $892.14 million in 2023 and is expected to reach the 1190.51 million dollars in 2028, growing at a CAGR of 5.94%. Travel intermediaries are distribution agents who sell and/or broker products and services related to travel and tourism. They function … Read more

Choice Hotels International’s share sale offer rejected by Wyndham Hotels & Resorts

Choice Hotels International’s share sale offer rejected by Wyndham Hotels & Resorts

New Jersey, USA- Wyndham Hotels & Resorts (NYSE: WH ) (“Wyndham” or the “Company”), the world’s largest hotel franchise company with approximately 9,100 hotels in more than 95 countries, announced that its board of directors unanimously rejected a highly conditional and unsolicited cash and stock proposal by Choice Hotels InternationalInc. (NYSE: CHH ) (“Choice”) to … Read more

Catalonia’s Remarkable Dedication to the Dominican Republic: Over US$400 Million Invested in 25 Years

Catalonia’s Remarkable Dedication to the Dominican Republic: Over US0 Million Invested in 25 Years

Punta Cana.- Catalonia Hotels & Resorts celebrated 25 years of operations in the Dominican Republic, after jumping to the Caribbean with the first opening of its hotel in the country in 1998 in the area of ​​Bávaro, Punta Cana. When recalling its history, Manuel Vallet, CEO of the hotel chain, said that during its growth … Read more

First ever Food & Slime Festival announced by Nickelodeon Hotels & Resorts

First ever Food & Slime Festival announced by Nickelodeon Hotels & Resorts

Miami, USA – Nickelodeon Hotels and Resorts is excited to announce the inaugural Food and Slime Festival this fall at Nickelodeon Hotels & Resorts Punta Cana, Dominican Republic and Nickelodeon Hotels & Resorts Riviera Maya, Mexico. The innovative festival is a unique twist on a traditional food and wine fair, offering guests of all ages … Read more

Visit from Commander of the Seventh District, United States Guard Service to the Armed Forces of the Dominican Republic

Visit from Commander of the Seventh District, United States Guard Service to the Armed Forces of the Dominican Republic

Santo Domingo.- The Minister of Defense, Lieutenant General Carlos Luciano Díaz Morfa, ERD, received in his office the Commander of the Seventh District of the Coast Guard of the United States of America, based in Miami, Vice Admiral Douglas M. Schofield along with a delegation from the Security Cooperation Office of that country. The visit, … Read more

Inadequate Provision of Water Supply and Sanitary Sewage System.

Inadequate Provision of Water Supply and Sanitary Sewage System.

Punta Cana.- The Verón Punta Cana Municipal Tourist District is facing significant environmental problems. These problems mainly stem from the lack of a reliable supply of drinking water and the absence of a sanitary sewage system. Jochi Echavarría, director of the Environmental Management Unit (UGAM), highlighted these concerns, emphasizing the alarming frequency of environmental degradation … Read more

Navigating the Ambiguous Road to Boosting Pensions Amidst a Longer-Lived Population in the Dominican Republic

Navigating the Ambiguous Road to Boosting Pensions Amidst a Longer-Lived Population in the Dominican Republic

Santo Domingo.- When people retire in the Dominican Republic, they typically receive an average replacement rate of 30%. In contrast, Spain has a rate of approximately 80%, exceeding the European Union average. How can the Dominican Republic achieve a similar rate? Although Spain and the Dominican Republic have different pension systems (Spain uses a pay-as-you-go … Read more

Investing in paradise: discover the appeal of the Punta Cana real estate market

Investing in paradise: discover the appeal of the Punta Cana real estate market

Investing in paradise: Discover the appeal of the Punta Cana real estate market Investing in paradise: Discover the appeal of the Punta Cana real estate market Why Punta Cana? Punta Cana, located on the east coast of the Dominican Republic, has long been a popular tourist destination with its pristine beaches, crystal-clear turquoise waters, and … Read more

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