DR1 Daily News - Dominican Republic
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A recent study, “Dominican Tourism: A Decade of Contributions 2009-2019,” released last week shows how important tourism is to the Dominican economy, the potential of Dominican tourism and the country’s leadership in the region.
The Dominican Association of Hotels and Tourism (Asonahores) and the Banco Popular sponsored the research carried out by the economic intelligence firm, Analytica. The study reveals there is a multiplier effect of five for every hotel employee. The study provided insights into how hotel jobs impact transportation, entertainment, food production and other value-added chains throughout the country.
The study found that tourism creates 10% of all the jobs in the country, over 500,000. The study highlights the direct foreign investment (FDI) in tourism was around US$5.2 billion for the period. This was 20% of the total FDI for the 10-year...