The Reserve Bank of the Dominican Republic recently participated in the World Travel Market 2023 tourism fair. The aim was to establish direct contact with leading hotel chains worldwide and attracting new investments to the country’s tourism sector.
The annual event brings together senior executives from hotel groups. It provides a platform to expand networks, connect with clients and negotiate major deals. The Reserve Bank has been a consistent participant in this event since 2015.
The Dominican Republic stand at the fair was inaugurated with the presence of the Minister of Tourism, David Collado, and prominent business figures such as Luis Emilio Amiama of Central Romana Corp. Additionally, important executives from the Dominican banking sector attended.
This year’s fair, held from 6 to 8 November at the Excel exhibition center in Docklands, saw the participation of prominent hotel groups such as Karisma Hotels & Resorts, Blue Diamond Resorts, Bluebay, Palace Resorts, Faranda, Hyatt Inclusive Collection, ITM Group, Grupo Posadas, RCD Hotels, Lopesan, MGM Muthu, and Park Royal Hotels & Resorts, which is part of the Royal Holiday group.
The Dominican Republic has been receiving an increasing number of visitors from England. There were 131,124 visitors from England as of October of the current year. This reflects the country’s growing importance as a European tourist destination. In 2022, the total number of visitors from England reached 188,063 travelers. The Dominican Republic is becoming a favorite tourist destination in the Caribbean for English travelers and tourists from other European countries.
The appeal of the Dominican Republic lies in its natural beauty, cultural attractions, renowned golf courses, and the availability of direct flights from London to Punta Cana through airlines such as TUI and British Airways, which have contributed to the growth of English tourists in recent years.