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Cape Cana.- As expectations mount over a possible tax reform aimed at boosting state revenues, the Dominican Republic's hotel sector remains on alert. Industry leaders hope to preserve the current fiscal conditions that have spurred private investment and contributed significantly to tourism growth.
Jorge Subero Medina, CEO of Cap Cana, emphasized the need to reach a consensus on tax reform without harming the tourism sector. He highlighted that existing incentives have been crucial to attracting visitors, with projections of more than 11 million arrivals by the end of 2024. Subero also highlighted the importance of regulating Airbnb services as part of the tax reform, noting that such regulation is a global standard and necessary to maintain high-quality tourism.
Subero called for adaptation to current realities to ensure that the Dominican Republic continues to offer high-quality, luxury tourism experiences.