US$14.903 billion was invested in hotels, 69% percent corresponded to international investment and 31% to local investment, according to a report.
The tourism industry generated a total of US$22,208.18 million in investment to the country last year foreign investment accounting for the largest contribution.
According to data from the “Impact of Tourism in the Dominican Republic” report, released by the Association of Hotels and Tourism of the Dominican Republic (Asonahores), foreign investment accounted for 46% of total investment, while local investment reached 33% and real estate investment stood at 21%.
The report highlights that, in 2022, US$14,903 million was invested in hotels, of which 69% was foreign investment and 31% was local investment.
Meanwhile, real estate investment generated 7,406 million dollars last year.
The Superintendent of Banks, Alejandro Fernández, when speaking pointed out that the credit portfolio of the Dominican financial system for the tourism sector increased by 39 %, going from RD$67,233 million in 2020 to RD$93,630 million this year.
More figures
The report also cites the increase in the daily expenditure of foreigners, which has reached US$139 per day, an increase of 18% in the period 2012-2022.
As far as the payment of taxes is concerned, he points out that last year 1,002 million dollars were generated.
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