The country is ranked seventh with the highest growth for this concept in the recently begun 2024.
Punta Cana; The Dominican Republic is among the countries with the highest income in the tourism market in Latin America in 2024, according to forecasts from Statista Market Insights.
The country is ranked seventh with the highest growth for this concept in the recently begun 2024, according to the market forecasts division of the Statista firm. With a growth forecast of 15% greater than in 2023. According to the firm, this would represent average profits of about 600 million dollars.
The forecast includes income from hotel reservations, cruises, tourist packages and vacation rentals.
At the end of 2023, the world's tourism sector recovered almost 90% of the levels it had before the Covid19 pandemic. According to the projections made by the World Tourism Organization (UNWTO). A full recovery is forecast in Latin America and the Caribbean in 2024.
According to Statista Market Insights, tourism and travel revenue is expected to rise 13% this year. Brazil is at the top of this list. The firm predicts that the income obtained from this concept in that nation could reach approximately $16.81 billion. This compares with the 15,000 million of the previous year.
The demand for hotel reservations is tripling after the 2020 pandemic, so the turnover for tourism and travel in Mexico, which occupies second position, is expected to be approximately $14.8 billion.
While in Argentina, located in third place, the income of said sector would be above 7,000 million dollars. In Colombia, they would be around 3,800 million.
The tourism market is forecast to experience growth above 10% in 2024 in the DR, Peru and Chile. While in the case of Bolivia, it would be 9%.