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Santo Domingo, RD.- The Dominican Minister of Tourism, David Collado, assured that the country needs to add some 30,000 hotel rooms in the coming years to be able to continue growing in tourist arrivals at the current rate. For this, the Dominican government, led by President Luis Abinader, understood the importance of continuing to encourage the sector, in order to continue receiving the necessary investments so that tourism continues to be a pillar of the Dominican Republic's economy.
In his opening words to the VII Asonahores 2024 Tourism Investment Forum, Collado emphatically assured that the incentives will continue as before, “we will continue with Confotur law 158-0 as before, this program has allowed us to grow all these years and incorporate new brands and rooms such as those that will soon be inaugurated at the St. Regis and Hilton Cemí hotels; W Marriott; Hyatt Vivid, Viva, Zel de Meliá, Wyndham Alltra and many others,” “so the government will continue to support the sector,” he said.
The official also highlighted the large hotel investments in renovation and adaptation of hotel properties that are currently being made, “investments that allow us to have the most modern and updated hotel plant in the region,” “all made possible by the incentives it has. the country for the sector, far above our competing destinations,” said Collado.
“This year we will close with the best year of tourism in the history of the Dominican Republic, with a growth projection that will allow us to receive some 11.5 million visitors,” “this thanks to the joint work of the government and the private sector, which generates trust.” and security in our issuing markets,” Collado assured.
Foreign direct investment 2013/2023 was US$8,732 million
For his part, David Llibre, president of ASONAHORES, highlighted that the Dominican Republic has a regulatory framework that encourages investment, offering legal security highly valued by investors and that has been key in the development of strategies to promote growth and innovation. in tourism.
“Thanks to Law 158-01 (CONFOTUR) and its amendments, especially the 2013 amendment, foreign direct investment (FDI) in the tourism sector has experienced significant growth, as a result, accumulated foreign direct investment from 2013 to 2023 was US$8,732 million, presenting a growth of 361% and only for the year 2023, FDI was US$1,182 million,” said the hotel businessman.
ASONAHORES Tourism Investment Forum 2024
The VII Tourism Investment Forum ASONAHORES 2024, took place the morning of last Friday, November 22 at the Garden Tee of El Embajador & Royal Hideaway Hotel, in the capital Santo Domingo and had the special assistance of the Minister of Tourism, David Collado and the presentation of the vice minister , Jacqueline Mora.
The business meeting also brought together the highest executives of banking, investments and hotel chains such as Abel Matute Prats of Palladium Hotels; Rafael Feliz German, president of the Board of Directors of Karisma Hotels & Resorts, who were participating in a special panel that was moderated by Javier Tejada, General Director of United Capital.