Santo Domingo.- The Dominican Association of Investment Fund Management Companies has reported a substantial impact on the tourism sector, generating 1,274 permanent direct jobs and more than 3,000 indirect jobs through investments made last year.
As of June 30, 2023, the funds invested in the tourism sector exceeded 30,000 million pesos, focusing on six provinces: National District, El Seibo, La Altagracia, Pedernales, Samaná, and Santo Domingo.
“Investors have allocated significant resources to crucial tourism projects throughout the Dominican Republic,” the association highlighted.
These investments have played a fundamental role in diversifying the offer and raising the quality of the tourist experience, according to Santiago Sicard, executive president of ADASAFI.
These funds have been instrumental in the growth and expansion of the country’s tourism sector, reinforcing its status as a leading destination in the Caribbean.
The association recognizes that investing in tourism has created endless economic opportunities for Dominicans.
This economic injection has resulted in job growth and increased incomes in the regions targeted by these investments.
Additionally, these investments have allowed the Dominican Republic to improve its service standards, infrastructure, and overall visitor experiences, solidifying its position as a premium tourism destination.
In summary, the year 2023 witnessed a significant rebound in the Dominican Republic’s tourism sector, largely attributed to the positive influence of investment funds.