2008News

Tourism woes

Though the DR economy has yet to feel the full impact of the global financial crisis, the tourism sector is slowly feeling the effects of the lack of free flowing cash. Listin Diario reports that while tourism was up 6% during the first half of the year, since July both foreign and non-resident Dominican arrivals have declined every month. The DR still has a 2.7% arrival increase when comparing January – October 2007 and January – October 2008, but the slow decline is causing concern. The secondary worry is that these arrivals were booked before the fall season crunch that began in September.