Presidents Luis Abinader and Pedro Sanchez in FITUR / MITUR
Club Med, the French tourism company kicked off tourism in Punta Cana in 1981, but Spanish investors were to follow with the opening of the Barceló Beach Resorts starting in 1984, making all the difference.
Foreign investment by Spanish companies from 2010 to 2019 is estimated at upwards of US$1.9 billion, representing 6.7% of the total foreign investment (US$25.5 billion) during the period, according to statistics released during Fitur by the Civil Aviation Board (JAC).
Of the total Spanish foreign investment, 55% is dedicated to the tourism sector in the Dominican Republic. 24 Spanish hotel chains are operating in the Dominican Republic with 98 hotels and 46,142 rooms, which translates into 57.5% of the total rooms available in 2019 (80,000 rooms). Most of these rooms are located in the Punta...
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