R
RDKNIGHT
Guest
Hi guys, I don’t have any facts or figures that verify my writing, this is a “boots on the ground” report (Ha, always wanted to say that). My condo is in Cocotal Golf club owned by Melia Resorts, Bavaro. I am located on Hibiscus course, fairway #3. Over 3 years it is usual to see 10 + golf players every hour, since late spring not 10 a day. There are 3 courses (27 holes), cruising around in my golf cart it is similar usage on all courses.
As an owner I have full daily access to (Melia) The Reserve, Paradisus, Caribe/Tropical resorts. Walking through nearly daily since late spring The Reserve/Paradisus has empty pools around 9.30am also empty loungers on beach, by approx. midday it is common for me to see no more than 20 people. Or, if I go to Caribe/Tropical areas I now see approx. 50 to 100 guests max. These resorts have capacities to have thousands of guests. At the weekends since late spring all car parks are full of cars with Dominican plates, I understand they get inclusive packages for approx 50+ USD per night. Is the Resort making money from this? – I doubt it, with all the food and drink consumed. Palma Real mall has nearly 50% stores closed, we heard it is going to be closed and demolished soon. The Airbnb condos around mine have been mostly empty lately.
Walking along the beach neighboring resorts have mostly empty loungers on beach, Larimar/Now Resort is temporary closed, beach loungers all removed. Bavaro Princess is closed for renovations from June until December. We all know about Majestic Resort issues.
I believe this current situation is entirely due to the very bad media generated in USA/elsewhere. Online vacation sites offer Punta Cana 30-50% off, - still not enticing families, who clearly believe media reports, and don’t feel safe coming here, this needs to be addressed by the DR Government internationally, I have not seen/heard any campaign to reassure tourist.
I agree 100% with your statment........also if it's a bad high season there will be a fire sale on apts...............just my opinion..also every corner has a new building being built .... they are over building the area of punta cana... even in a great market it's not sustainable this reminds me of the 2008 housing crash in the usa.... best advice save your money and buy apts for pennies on a dollars if your not afraid to live in DR