As of February 2025, the credit portfolio of multiple banks to the tourism sector reached RD$114,750 million, with a growth of 8.2% compared to the same month in 2024, when the figures were RD$105,810 million, with a growth of RD$8,760 million.
The Dominican Association of Multiple Banks (ABA) also reported that during the first two months of the year, this figure increased by RD$786 million compared to December 2024, equivalent to 0.7%, when these were RD$113,784 million.
“These credit facilities are intended for the construction of new hotel projects in strategic destinations such as Punta Bergantín, in Puerto Plata, and Cabo Rojo, in Pedernales, as well as expanding and remodeling existing ones and for working capital, fundamental points for the sectoral goals of expanding the number of foreign visitors and diversifying the offer,” according to ABA.
When revealing the size of the tourism loan portfolio, the ABA highlighted the import role tourism plays in the development of the Dominican economy, so much so that in 2024 it generated US$10,974 million in foreign exchange, 25% of that year’s total. “It also attracts foreign investment and produces direct and indirect jobs, benefiting a wide range of companies that supply products or services to tourism, including MSMEs linked to the agro-industrial sector, the orange economy, among others,” it said.
Highlighting the importance of financing for this sector, the association specified that multiple banks account for 98% of the financial system’s credit portfolio to tourism industry, using data as of February 2025 as a reference.
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