{"id":10515,"date":"2022-01-24T06:20:12","date_gmt":"2022-01-24T05:20:12","guid":{"rendered":"https:\/\/thesmartcityjournal.cibeles.net\/sin-categoria\/dominican-republic-the-focus-of-first-unwto-tourism-investment-guide\/"},"modified":"2022-01-23T20:22:25","modified_gmt":"2022-01-23T19:22:25","slug":"dominican-republic-the-focus-of-first-unwto-tourism-investment-guide","status":"publish","type":"post","link":"https:\/\/www.thesmartcityjournal.com\/en\/smart-tourism\/dominican-republic-the-focus-of-first-unwto-tourism-investment-guide","title":{"rendered":"Dominican Republic the focus of first UNWTO tourism investment guide"},"content":{"rendered":"<p class=\"lead\"><em>The new guide provides key insights for investors, with the aim of boosting foreign direct investment in the Caribbean destination<\/em><\/p>\n<p>Launched against the backdrop of the&nbsp;<strong>FITUR<\/strong>&nbsp;tourism trade fair in Madrid, the<strong>&nbsp;Investment Guidelines<\/strong>&nbsp;represent a comprehensive tool for parties interested in&nbsp;<strong>FDI&nbsp;<\/strong>opportunities. In particular, it aims to attract and promote and retain&nbsp;<strong>investment in sustainable tourism initiatives in the Dominican Republic<\/strong>, including those that provide local jobs and build greater resilience across the sector. The guide showcases the potential of closer public-private collaboration and makes clear the importance of directing investments towards building new tourism business models centres on&nbsp;<strong>innovation and sustainability<\/strong>.<\/p>\n<p>As the UNWTO guide notes, the Dominican Republic represents one of the most competitive opportunities for investors for a number of reasons, excellent geographic location, solid legal framework, economic stability, and modern infrastructure.<\/p>\n<h2 class=\"article-title\">Leading investment destination<\/h2>\n<p>According to data compiled by&nbsp;<strong>UNWTO and fDi Markets of the Financial Times<\/strong>, some 26 tourism projects in the Dominican Republic received about US$5.7 billion in tourism greenfield investments between 2016 and 2020. At the same time, the country has experienced an annual rate of growth in GDP of around 5% for the past 25 years, double the regional average. Over recent years, the Government of the Dominican Republic has worked to further attract FDI, including through the restructuring of free trade zones, incentives for investment in tourism and the signing of DR-CAFTA. (Dominican Republic-Central America Free Trade Agreement).<\/p>\n<p>In 2021, the economy of the Dominican Republic recovered and reached pre-pandemic levels of growth. Notably, around 38% of this recovery was the product of the tourism sector. According to figures from the Ministry of Tourism (MITUR), as of December 2021, around 300,000 jobs were secured by the recovery of tourism, the result of the Responsible Tourism Recovery Plan led by the President of the Republic, Luis Rodolfo Abinader Corona. The Plan, which saw tourism workers vaccinated as early as possible, allowed the country to be among the first of all global destinations to reopen its borders.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new guide provides key insights for investors, with the aim of boosting foreign direct investment in the Caribbean destination Launched against the backdrop of the&nbsp;FITUR&nbsp;tourism trade fair in Madrid, the&nbsp;Investment Guidelines&nbsp;represent a comprehensive tool for parties interested in&nbsp;FDI&nbsp;opportunities. In particular, it aims to attract and promote and retain&nbsp;investment in sustainable tourism initiatives in the\u2026<\/p>\n","protected":false},"author":2,"featured_media":10514,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_scj_primary_category_id":110,"_scj_featured":false,"_scj_featured_from":"","_scj_featured_until":"","_scj_featured_order":0,"_scj_visibility_class":"current","_scj_layout_family":"standard","_scj_article_style":"","_scj_display_overrides":[],"_scj_intro_image_id":10514,"_scj_intro_alt":"Dominican Republic the focus of first UNWTO tourism investment guide","_scj_intro_caption":"","_scj_intro_class":"","_scj_intro_float":"","_scj_full_image_id":10514,"_scj_full_alt":"Dominican Republic the focus of first UNWTO tourism investment guide","_scj_full_caption":"","_scj_full_class":"","_scj_full_float":"","_scj_media_type":"","_scj_media_provider":"","_scj_media_external_id":"","_scj_media_url":"","_scj_media_poster_id":0,"_scj_media_width":0,"_scj_media_height":0,"_scj_media_aspect_ratio":"","_scj_media_description":"","_scj_gallery_items":[],"_scj_related_post_ids":[],"_scj_additional_authors":[],"scj_layout_family":"standard","scj_media_provider":"","scj_media_url":"","scj_full_caption":"","footnotes":""},"categories":[110],"tags":[],"class_list":["post-10515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-smart-tourism"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dominican Republic the focus of first UNWTO tourism investment guide - thesmartcityjournal.com<\/title>\n<meta name=\"description\" content=\"Launched against the backdrop of the\u00a0FITUR\u00a0tourism trade fair in Madrid, the\u00a0Investment Guidelines\u00a0represent a comprehensive tool for parties interested in\u00a0FDI\u00a0opportunities. In particular, it aims to attract and promote and retain\u00a0investment in sustainable tourism initiatives in the Dominican Republic, including those that provide local jobs and build greater resilience across the sector.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thesmartcityjournal.com\/en\/smart-tourism\/dominican-republic-the-focus-of-first-unwto-tourism-investment-guide\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dominican Republic the focus of first UNWTO tourism investment guide - thesmartcityjournal.com\" \/>\n<meta property=\"og:description\" content=\"Launched against the backdrop of the\u00a0FITUR\u00a0tourism trade fair in Madrid, the\u00a0Investment Guidelines\u00a0represent a comprehensive tool for parties interested in\u00a0FDI\u00a0opportunities. 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