The spread of the Covid-19 has shaken the hotel industry of the Dominican Republic to its roots. The National Association of Hotels and Tourism (Asonahores) expects losses of between US$889 million and US$1.96 billion.
A study named “Perspectives and the Impact on Tourism in the Dominican Republic in the Face of the Covid-19” explains that this amount is equal to 22% of the nation’s hard currency reserves. Tax income is expected to fall by US$400 to US$600 million, or 0.6% of the nation’s GDP.
The Asonahores study sees a shortfall in the GDP of between US$1.8 billion and US$4.5 billion. GDP growth could be impacted within a range of 1.38% to –4.7% of growth or negative growth.
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Listin Diario
20 April 2020