Abinader highlighted economic growth with new docks and tourist ports

Santo Domingo.- President Luis Abinader highlighted the economic advancements and positive impact on families resulting from the construction and inauguration of over 8 fishing docks, along with the opening of 3 tourist ports – 2 in Puerto Plata and one in Pedernales. These developments have been facilitated by the Dominican Port Authority under the leadership of Jean Luis Rodríguez.

During the accountability ceremony, President Abinader emphasized the transformation in Pedernales due to the new tourist development, including the inauguration of the Cabo Rojo port, hotel construction, and other projects. He stated, “Pedernales has changed.”

Furthermore, the president underscored the growth and fortification of the Dominican Port System over the past three years. He noted, “Upon our arrival in government, three cruise ship docks were operational. In three and a half years, we have added Taíno Bay in Puerto Plata and Pedernales. This year, we will complete the Barahona tourist pier, and the private sector will finalize the Santa Bárbara de Samaná pier. In the coming days, we will initiate a public-private alliance to construct the Arroyo Barril tourist cruise ship dock and theme park.”

President Abinader celebrated the inauguration of at least 8 tourist and fishing docks, part of the “National Fishing Dock Plan” developed by the Dominican Port Authority. He mentioned the completion of docks in Luperón Bay, Puerto Plata, Samaná, Boca de Yuma, Las Cañitas in Hato Mayor, Cabeza de Toro, Sánchez in the province of Samaná, and Palenque in San Cristóbal during 2023.

He also highlighted the commencement of the Puerto Rico – San Pedro de Macorís ferry route for passenger transportation, set to begin daily operations in November. This initiative is expected to open new horizons for the region, impacting tourism and the local economy.

The Executive Director of the Dominican Port Authority expressed pride and happiness for the sector’s achievements, aligning with President Abinader’s statement that the country is better than four years ago. From Apordom, he acknowledged the positive changes witnessed in the port sector.

Asonahores commends positive impact of government policies on tourism growth

Santo Domingo.- The Hotel and Tourism Association of the Dominican Republic, Asonahores, has praised the positive impact of President Luis Abinader’s administration’s public policies on the growth of investment in the country’s tourism sector. David Llibre, Asonahores’ president, highlighted the strategies implemented by the Dominican government, particularly by Minister David Collado, citing examples such as the construction of new hotel infrastructures in Miches, Punta Bergantín, and Cabo Rojo.

Llibre reaffirmed Asonahores’ commitment to supporting government strategies, emphasizing the role of the tourism sector in boosting all productive sectors of the national economy. He credited the collaboration between the public and private sectors for achieving the milestone of 10 million visitors. The synergy has resulted in a public investment strategy in key tourist areas and new centers.

Expressing trust in the country, Llibre revealed plans for the next three years, with over 9,000 new rooms distributed across 19 projects, representing an estimated investment of nearly three billion dollars. He highlighted the increased tourist flow, enabling the Dominican Republic to maintain regional leadership and global recognition as the preferred destination in the Caribbean.

Hilton to open 15 new hotels in the Caribbean by 2024

Hilton announced it will open 15 hotels in the Caribbean and Latin America by 2024. Last year, Hilton opened 19 new hotels and approximately 4,000 rooms, representing the most significant number of rooms added in the region’s history.

The U.S. hotel chain plans to make openings across multiple brands, including the opening of Waldorf Astoria Costa Rica Cacique, Zemi Miches All-Inclusive Resort, and Curio Collection by Hilton in the Dominican Republic.

Hilton’s portfolio in Latin America and the Caribbean comprises more than 220 hotels and 40,000 rooms, spanning 15 brands and 29 countries and territories. The company’s pipeline in the region continues to strengthen with the signing of more than 35 new hotel agreements in 2023. With a strong year of signings in 2023 and a broad portfolio of 110 hotels under development, the company expects this momentum in the region to continue.

“The record growth we achieved in the region in 2023 is the result of our strategic focus on bringing the right hotels to the right destinations at the right time by partnering with exceptional owners,” said Pablo Maturana, vice president of development, Caribbean and Latin America, Hilton.

Hilton is experiencing unprecedented growth in Argentina and plans to double its portfolio in the country to 20 hotels. It currently has ten hotels open and ten projects under construction or design. In Mexico, Hilton has approximately 120 hotels available and under development. Finally, with six hotels in operation and more than 10 in development, Hilton plans to triple its presence in the Dominican Republic.

Hilton is a leading global hotel company with a portfolio of 22 world-class brands comprising nearly 7,500 properties and over 1.2 million rooms in 126 countries and territories.

Dominicans celebrate today 180 years of national independence

Santo Domingo.- Today, on February 27, the Dominican Republic marks the 180th anniversary of its independence, commemorating the historic declaration that severed the Spanish-speaking part of the island from the western region, which was under the control of French-speaking inhabitants (Haiti).

The announcement of Haiti’s separation took place at the Mercy Gate, signified by Ramón Matías Mella firing the blunderbuss on the night of February 27, 1844, concluding a 22-year period of Haitian dominance.

On this significant date, the tricolor flag was hoisted at the Count’s door by the distinguished Francisco del Rosario Sánchez. Both Mella and Sánchez were guided by the ideals of the national founder, Juan Pablo Duarte.

The conclusion of Haitian occupation was joyously embraced by the residents of Santo Domingo, who predominantly displayed Spanish flags, interspersed with a few French ones.

The journey to independence was paved by the establishment of the Trinitaria, a group initiated by Duarte to advocate patriotic ideals and the separatist agenda.

Dominican Republic fuels hotel boom: will open 3,000 rooms in 2024

The boom the Dominican tourism industry is experiencing, especially its hotel offering projects from prestigious international brands, is an aspect that Asonahores is already highlighting, anticipating that in 2024, the country’s hotel plant will add 3,000 new rooms.

“In 2024, some 3,000 hotel rooms are expected to be formally inaugurated in projects being developed in Punta Cana and Miches; in the case of this new tourist center, we are aware of two projects that will be opening this year,” said the president of Asonahores, David Llibre.

The executive of the country’s largest tourism association also referred to the hotel growth that will be registered in Puerto Plata and Santo Domingo in the short term.

Llibre recalled, “in Puerto Plata two new projects will start in Punta Bergantín, one with the Rainieri family and another with the Hyatt chain. In addition, we will soon learn of new projects that are in the process of negotiation.” (Meliá, “perfect ally” of Rainieri in his bet for Puerto Plata).

Valdez Albizu highlights economic achievements at CMCA anniversary event

El Salvador, DR.- Héctor Valdez Albizu, the Governor of the Central Bank of the Dominican Republic (BCRD), emphasized the noteworthy reduction in inflationary pressures as the primary accomplishment of the economy in 2023.

Attributing this success to the implementation of more favorable monetary and fiscal measures, Valdez Albizu revealed a decline in inflation from a peak of 9.64% in April 2022 to 3.32% in January 2024, surpassing the target range of 4.0% ± 1.0%.

The governor highlighted that these achievements paved the way for the initiation of a monetary stimulus plan, involving a 150-basis point reduction in the monetary policy rate, bringing it to 7.00% to date.

Speaking at the 60th-anniversary celebration and the 300th meeting of the Central American Monetary Council (CMCA) in San Salvador on February 22 and 23, Valdez Albizu also acknowledged a significant economic recovery in the last months of 2023. The fourth quarter saw a 4.2% expansion, and December recorded a 4.7% year-on-year growth, culminating in an average economic growth of 2.4% for 2023.

He highlighted positive developments in the labor market, with the employed population reaching its historical maximum at 4.9 million workers, reflecting a year-on-year increase of 178 thousand employed individuals by the end of 2023.

Turning to the external sector, Valdez Albizu commended the dynamism in the tourism sector, which, along with the energy and real estate sectors, attracted significant foreign direct investment (FDI) totaling US$4,381 million in 2023. Remittances amounted to US$10,157 million, and exports reached approximately US$12,900 million in 2023, with US$7,900 million attributed to free zones.

This positive external sector performance contributed to a reduction in the current account deficit to approximately -3.8% of GDP in 2023, primarily financed by FDI flows. The increase in foreign currency flows further strengthened international reserves, closing the year at around US$15,464 million, exceeding the International Monetary Fund’s recommended thresholds.

The exchange rate remained relatively stable, experiencing a year-on-year depreciation of 3.2% at the end of the year, below the average of the last five pre-pandemic years.

Regarding the economic outlook, Valdez Albizu anticipated that inflation would remain around the target range of 4.0% ± 1.0% for 2024, in an environment of active monetary policy. Economic activity is expected to continue the trajectory of GDP growth around 5.0 – 5.5% annually for this year.

The event, attended by the presidents and governors of the region’s central banks, featured welcoming remarks by Róger Madrigal López, president of the Central Bank of Costa Rica and president of the CMCA, and Douglas Rodríguez Fuente, president of the Central Reserve Bank of El Salvador, along with the executive secretary of the CMCA, Odalis F. Marte Alevante.

Commemorating the 60th anniversary of the Central American Monetary Council and its Executive Secretariat, the event reflected on the organization’s transformations over time and paid tribute to its contributions to regional macroeconomic and financial stability. Various speakers, including Marta Ruiz Arranz of the Inter-American Development Bank (IDB) and Alexandre Tombini of the Bank for International Settlements (BIS), provided insights into regional programs, challenges, and perspectives for 2024.

The gathering also featured presentations on digital innovation by the president of the Central Reserve Bank of El Salvador (BCRS), Douglas Rodriguez. Each central bank had the opportunity to present the current macroeconomic context and prospects for 2024, with discussions highlighting the significance of reducing inflation while maintaining regional economic growth.

GEHID launches Yerba Buena-Los Corrales highway construction

San José de las Matas, DR.- The Dominican Hydroelectric Generation Company (EGEHID) has initiated the construction of the Yerba Buena-Los Corrales highway in San José de las Matas, Santiago. This project is part of an extensive development plan aimed at enhancing the quality of life in the communities within the sphere of influence of the Tavera-Bao and López-Angustura hydroelectric complex.

The estimated investment for this endeavor is RD$ 521,404,559.84, covering a 16.70-kilometer road with associated infrastructure. This includes a drainage system, box-type culverts, and a two-inch asphalt layer, all of which entail substantial earthmoving efforts. The construction is being carried out by the company CONSTRUCTORA TEDDY SRL, involving road widening and signage.

The groundbreaking ceremony, led by EGEHID’s administrator, Engineer Rafael Salazar, and attended by local authorities, marked the commencement of the highway construction. EGEHID’s corporate social responsibility program aims to bring about community-beneficial projects in the provinces where hydroelectric complexes are situated, as a way of reciprocating the contribution of hydrographic basins to the country’s development through water production for human consumption, agricultural irrigation, and clean energy generation.

The Los Corrales Yerba Buena highway has been a decades-long demand, according to residents and local representatives, aligning with EGEHID’s extensive asphalt program in the mountain municipalities. San José de las Matas Mayor Alfredo Reyes expressed gratitude to President Luis Abinader for addressing the community’s needs and praised EGEHID’s swift execution.

Administrator Salazar emphasized the area’s value in environmental protection and water conservation, underscoring the community’s deserving of enhanced well-being.

To ensure the project’s quality execution, a commission of observers was sworn in by the official, responsible for overseeing the work’s correct implementation to meet community needs.

Various dignitaries participated in the groundbreaking ceremony, including Senator Eduardo Estrella, Deputies Braulio Espinal and Francisco Díaz, Provincial Governor Rosa Santos, Mayors Ramón Alfredo Reyes of San José de las Matas, Hilario Fernández of Jánico, Fermín Rojas Noesí, and Juan Alberto Tavárez, elected mayor of the municipal district of Juncalito, as well as the Mayor of El Rubio, Ibanova Ramos. The former President of the Chamber of Deputies, Julio César Valentín, and other regional and local leaders were also present.

Mitur second tradeshow in Miami targets U.S. market

Miami, US.- The Ministry of Tourism of the Dominican Republic (Mitur) is set to host a second tradeshow in Miami to bolster the influx of tourists from the United States to the Caribbean nation. Scheduled for April 3, 2024, at the JW Marriott Marquis in Miami, Florida, this event aims to showcase and promote the Dominican tourism product specifically for the summer season.

Anticipating the participation of more than 400 travel agents, tour operators, and other allies from the American market, the tradeshow will have a strong focus on targeting the United States market. Representatives from hotels, tour operators, travel agencies, airports, airlines, and cruise lines in the Dominican Republic will be in attendance to showcase their products and unveil special summer packages. The event is expected to draw the participation of over 200 tour operators and travel agencies.

In a statement, the organizers highlighted the purpose of the event, stating, “This edition will have a summer focus for the United States market. Hotels, tour operators, travel agencies, airports, airlines, and cruise lines in the Dominican Republic will be present to publicize their products and special summer packages, where more than 200 TTOOs and travel agencies will be present.”

The tradeshow will provide a platform for scheduling appointments for negotiations, presenting business offers, proposing price packages to potential clients, and fostering networking opportunities with key players in the industry. The participation of Dominican institutions involved in the sector, such as Asonahores and others, is also expected, adding depth to the event.

It’s worth noting that the Dominican Republic Tradeshow is centered around the exhibition and sale of the destination, showcasing the diverse niches and offerings that the Dominican Republic has to offer to potential travelers.

Powerful Sunwing Airlines offensive for Punta Cana with flights from the U.S.

During the third ordinary session of this year, the members of the plenary heard the request for new special permits to incorporate new operations to the Dominican territory, informed the president of the Civil Aviation Board (JAC), José Marte Piantini, after hearing the request of Sunwing Airlines, Sky High Aviation Services, Delta Air Lines, Frontier, and United Parcel Service.

In this regard, the plenary heard the request for another Special Permit from the foreign airline operator Sunwing Airlines to fly on the routes Newark/Punta Cana/Newark; Buffalo/Punta Cana/Buffalo; Detroit /Punta Cana/Detroit; Detroit /Punta Cana/Cincinnati; Detroit/Punta Cana/Detroit; Cincinnati/Punta Cana/Cincinnati and Cincinnati /Punta Cana/Cincinnati, from February 17, 2024 until April 07, 2024.

It also heard the request for a Special Permit from the national air operator Sky High Aviation Services to operate 79 roundtrip flights from March 19 to September 18, 2024, with a frequency of three flights per week, on Tuesdays, Thursdays, and Sundays on the Santo Domingo/El Salvador/Santo Domingo route.

It also learned of the request for another Special Permit from the foreign air operator Sunwing Airlines to fly on the routes Newark/Punta Cana/Newark; Buffalo/Punta Cana/Buffalo; Detroit /Punta Cana/Detroit; Detroit /Punta Cana/Cincinnati; Detroit/Punta Cana/Detroit; Cincinnati/Punta Cana/Cincinnati and Cincinnati /Punta Cana/Cincinnati, from February 17, 2024, until April 07, 2024.

Likewise, the agency members heard the foreign air operator Frontier’s request to operate 202 roundtrip flights on the routes Cleveland /Punta Cana /Orlando; Orlando/Punta Cana/Cleveland; Philadelphia/Punta Cana/St. Louis; St. Louis /Punta Cana /Philadelphia; San Juan /Punta Cana /Cleveland; San Juan /Punta Cana /St. Louis; St. Louis /Punta Cana /San Juan and Cleveland /Punta Cana /San Juan, from February 1 through April 15, 2024.

Likewise, they also heard requests from Delta Air Lines to operate flights on the following routes: Fort Myers/Santo Domingo/Atlanta; Atlanta/Santo Domingo /Fort Myer and Sarasota/Santo Domingo /Atlanta, from March 8, 2024 through March 10, 2024.

Finally, the plenary members heard the request for a Special Permit from United Parcel Services to operate cargo flights on the San Juan/Santo Domingo/Miami route beginning March 4, 2024.

Dominican Republic receives thirteen nominations at the World Travel Awards 2024

Santo Domingo.- The World Travel Awards, a globally recognized platform honoring excellence in the travel, tourism, and hospitality industry, has bestowed six prestigious nominations upon the Dominican Republic in its 2024 edition. This acknowledgment positions the Dominican Republic as a standout destination in the Caribbean.

The thirty-first edition of the awards will culminate in a gala ceremony scheduled for May 19, 2024, in Jamaica, where the winners will be celebrated in the Caribbean and the Americas. The Dominican Republic has received a total of 13 nominations, showcasing its prominence in various aspects of the tourism sector.

In the “Destination” category, the Dominican Republic has secured five noteworthy nominations:

1. Leading Adventure Tourism Destination in the Caribbean

2. Leading Beach Destination in the Caribbean

3. Leading Cruise Destination in the Caribbean

4. Leading Natural Destination in the Caribbean

5. Leading Sports Tourism Destination in the Caribbean

Additionally, there is a special accolade in this category: “Leading Caribbean Tourism Board,” which recognizes outstanding efforts in promoting the destination to attract visitors and maintain competitiveness. The Dominican Ministry of Tourism has earned a nomination in this esteemed category.

Furthermore, the awards have recognized six Dominican hotel complexes across four categories and three Dominican companies in three categories associated with tourist transport, contributing to the Dominican Republic’s impressive total of 13 nominations. This acknowledgment solidifies the country’s status as a leading force in the Caribbean travel and tourism industry.

Source: Visitantes

Minister David Collado unveils revitalized Duarte Park in Montecristi

Montecristi, DR.– Tourism Minister David Collado inaugurated the revamped Duarte Park in San Fernando, Montecristi, this Tuesday, after a thorough reconstruction exceeding RD$35 million.

Spanning a generous 4,935 square meters, the project revitalized the heart of Montecristi’s Duarte Central Park. “We’re back here today, keeping our promise to deliver this iconic park to Montecristi, fully restored,” Minister Collado declared.

He emphasized how this project exemplifies the Ministry’s dedication to propelling Montecristi’s tourism potential. The park’s facelift includes the iconic Montecristi Clock Tower, meticulously restored to its former glory and reclaiming its position as the area’s centerpiece – a historical treasure and architectural gem of the Dominican Republic.

Furthermore, the project encompassed rebuilding the sidewalks and curbs bordering the park, alongside a refreshed outer fence. Design enhancements include new pavements, captivating landscaping, and modern lighting.

Not only were the entrance fountains refurbished and equipped, but the bust of Juan Pablo Duarte also received a facelift. Additionally, an innovative rainwater drainage system was incorporated, utilizing a network of pipes and complementary infrastructure to effectively manage rainfall runoff.

Spearheaded by Sixto Brea and his team at the Tourism Zone Infrastructure Execution Committee (CEIZTUR), the project signifies a significant investment in Montecristi’s future, costing RD$35,616,215.21.

New $20M Coca-Cola line unveiled in the Dominican Republic

Santo Domingo.- With President Luis Abinader in attendance, Bepensa Dominicana, the bottling company, unveiled a new production line dedicated to Coca-Cola brand beverages, involving an investment exceeding $20 million.

At the inaugural event, Minister of Industry, Commerce, and MSMEs, Víctor Bisonó, emphasized the President’s presence as a clear testament to his dedication to the country’s progress and his keen interest in driving economic revitalization.

Bisonó underscored the Ministry’s role in fostering productive chains and enhancing industry competitiveness, leading to the adoption of the “Made in the DR” seal by the Coca-Cola System in 2022. This, according to Bisonó, exemplifies a firm commitment to the national industry and the economic advancement of the Dominican Republic.

Business leaders commended the Dominican Republic’s favorable business climate, enabling the Coca-Cola System to champion initiatives promoting environmental stewardship and the socio-economic development of communities.

They also highlighted the country’s significance as one of the region’s key markets, projecting an investment surpassing $40 million and the creation of 140 new jobs in 2024. Alonso Gasque, Bepensa Bebidas’ general director, shared that in the 17-year history of Bepensa Dominicana, their investments have exceeded $350 million.

Louis Balat, President of the Central Latin American region for the Coca-Cola Company, expressed gratitude for the advanced technology of the new production line, ensuring consumers can continue enjoying high-quality Coca-Cola products. Balat emphasized the importance of reaching Dominican families’ tables with beverage options that cater to their needs, all while making a positive impact in the communities they serve.

The executives from both Bepensa and Coca-Cola underscored their commitment to environmental protection through waste collection programs, incorporating recycled materials in packaging, water conservation efforts, and environmental education initiatives. They also highlighted their dedication to fostering economic growth and empowering individuals through various programs.

Alonso Gasque concluded that this significant investment not only expands production capacity but also contributes to the overall development of the country’s productive chain.

Piñero Group’s plant biodiversity initiative revealed at Botanical Bridges 2024 Congress

Colombia.- In collaboration with the Botanical Garden of Santo Domingo, the Piñero Group presented the project “Actions to Improve Plant Biodiversity in Playa Nueva Romana in San Pedro de Macorís, Dominican Republic” at the Botanical Bridges 2024 Congress in Cartagena de Indias, Colombia. Launched in 2019, the initiative focuses on restoring and enhancing plant biodiversity in the green areas surrounding the residential project and golf course.

The Piñero Group’s efforts include eradicating invasive species, planting native trees, shrubs, and herbaceous plants, and promoting elements that facilitate natural seed dispersal for spontaneous regeneration. These measures not only contribute to biodiversity recovery but also enhance the environmental quality of the region.

A crucial aspect of the project involves pest and disease control in flora, along with an ecological plant nutrition system based on natural extracts. The group also implements alternative ecological methods for managing plant waste, aiming to retain carbon and naturally enrich the soil.

Pablo del Toro, Head of Environment at Grupo Piñero, expressed enthusiasm about collaborating with the National Botanical Garden and sharing experiences at the Botanical Bridges 2024 Congress. This collaboration exemplifies Piñero Group’s dedication to environmental conservation and sustainable practices, showcasing how local initiatives can align with global consciousness. Through such partnerships, bridges are established to preserve biodiversity and foster a lasting commitment to a sustainable environment.

The Botanical Bridges Congress 2024 aims to encourage collaboration among botanical gardens, enthusiasts, and research centers in the Caribbean and Central America. These regions host unique species but face threats like habitat loss, invasive species, and climate change impact. The congress emphasizes the importance of knowledge and resource exchange as crucial for developing joint conservation strategies, highlighting collaboration between botanical gardens, research institutions, and local communities as essential pillars to address current threats.

Air Europa’s new routes connecting the Dominican Republic to North Africa

Santo Domingo.- Air Europa has announced the launch of flights from the Dominican Republic to North Africa with a layover in Madrid, starting in March of this year. The airline plans to commence flights to Morocco next month, followed by trips to Tunisia starting in June 2024.

These routes to Marrakech and Tunisia are scheduled until the end of October, allowing Air Europa to meet the growing demand observed in both tourist destinations since their initiation. Flights to the Moroccan capital began in 2017, while connections between Madrid and Tunisia were established in 2019. Last year, the route’s success was evident, with average occupancy levels exceeding 87%.

Air Europa intends to operate these services using its Boeing 737 fleet, specifically chosen for its suitability in covering short and medium-distance routes. This single-aisle model aims to balance a high volume of passenger movement with responsible fuel consumption.

In a significant move, Air Europa signed a codeshare agreement with Kenya Airways this year. This collaboration enables the airline’s customers to fly from Madrid to Nairobi via Amsterdam, expanding their range of destinations on the continent through a single ticket.

Association of Banks reports 44% growth in credit to builders for 2023

Santo Domingo.- The Association of Multiple Banks of the Dominican Republic (ABA) reported a significant increase in the credit portfolio for the construction sector. The portfolio surged by RD$30,118 million, marking a 44% rise, reaching RD$97,877 million by the end of 2023, compared to RD$67,759 million in 2022.

The growth was attributed to the contributions from the banks’ own funds and legal reserve resources released by monetary authorities to support the construction sector. A total of 2,059 new loans were extended, contributing to the existing 18,481 credits at the end of 2023.

Commercial banking constituted 82.8% of the funds allocated for construction financing. This type of interim financing, disbursed gradually as construction progresses, supports construction companies in acquiring materials, covering labor costs, and addressing other project-related expenses.

Simultaneously, financing for home acquisition witnessed a substantial increase of RD$35,944 million, representing a 19% relative growth. The mortgage loan portfolio expanded from RD$190,596 million in 2022 to RD$226,541 million at the close of 2023. This increment was facilitated through 9,347 new loans, doubling the operations compared to the previous year.

The breakdown of mortgage loans included RD$188,153 million (83%) for the acquisition of the debtor’s home, RD$24,999 million (11%) for the purchase of low-cost housing from a trust, RD$10,341 million (4.5%) for the acquisition of a second home or summer vacation, and RD$3,048 million (1.5%) for remodeling and construction of homes.

The ABA emphasized the banking sector’s role as the primary source of resources for home acquisition, constituting 65.8% of the total mortgage portfolio. The union reiterated the commitment of commercial banks to support construction, acquisition, and remodeling initiatives, such as the Happy Housing program, to alleviate the housing deficit and enhance citizens’ quality of life.

DATE 2024 announced: the largest Dominican tourism fair

Santo Domingo.- The Hotel and Tourism Association of the Dominican Republic (Asonahores) has officially announced the upcoming twenty-fourth edition of the Dominican Annual Tourism Exchange, DATE 2024. The event is scheduled to take place from April 24 to 26 at the esteemed Paradisus Palma Real hotel.

Asonahores President, David Llibre, emphasized the significance of DATE as the primary marketing platform for the Dominican tourism product and its complementary offerings. The objective is to continually enhance and diversify the influx of visitors to the Dominican Republic.

Llibre highlighted the favorable tourism climate, with the Dominican Republic having surpassed 10 million visitors. However, he acknowledged the challenge of maintaining and expanding this figure, aiming to strengthen the country’s leadership in the region.

Aguie Lendor, Executive Vice President of Asonahores, outlined the focus areas for DATE 2024, which include highlighting golf, medical, diving, wedding, adventure, and ecotourism. These segments will be showcased to attract buyers from key specialized markets, complementing the well-established sun and beach tourism offerings.

Lendor detailed the efforts in crafting the event agenda for DATE 2024 to ensure a memorable experience and commercial success for all attendees. The agenda includes daily business meetings, exhibitions, cultural activities, press conferences, and themed parties.

DATE 2024 aims to support the diverse segments within the Dominican tourism product, enabling suppliers to actively engage with specialized buyers. The event seeks to facilitate productive business meetings that align with the various offerings of the Dominican Republic.

In addition to the main event, special activities have been planned, including a welcome cocktail hosted by Karisma Hotels & Resorts on April 23, an opening cocktail on April 24 at Paradisus Palma Real, and the closing activity on April 25 at Secrets Tides Punta Cana hotel.

Francisco Camps Orfila, Managing Director of Meliá Hotels International in the Dominican Republic, expressed deep gratitude for the opportunity to host DATE 2024 at Paradisus Palma Real. He pledged the hotel’s commitment to providing an unforgettable experience for all participants, underscoring the event’s importance to the country’s tourism industry.

Abinader affirms commitment to safeguard agriculture under DR-Cafta

Santo Domingo.- President Luis Abinader announced that the Dominican Government is actively seeking alternatives to safeguard national agricultural production, a pursuit that has continued for 18 years since the inception of the Free Trade Agreement among the United States, Central America, and the Dominican Republic (DR-Cafta).

He emphasized the urgency of addressing this matter swiftly to develop a viable solution by 2025, ensuring it does not adversely impact the national productive system while guaranteeing food security.

During a gathering of key stakeholders today, the president reassured the Dominican people that significant progress is being made, and he pledged to have the situation fully resolved by 2025.

President Abinader pointed out that despite the calendar ending in January 2025, the rules outlined in the agreement would persist as long as the Dominican Republic remains a member of DR-Cafta. He clarified that only products from countries within the Agreement would enjoy tariff-free entry into the country.

Specifically addressing the issue of rice, he mentioned that alternative measures are under consideration, aligning with the commitments of the Dominican State within both the treaty and the World Trade Organization (WTO).

Recognizing the importance of rice as a staple in the country’s diet, with production spanning over 20 provinces and involving more than 30,000 producers, the government is implementing measures to streamline production processes and facilitate farmers’ access to more affordable credit.

President Abinader conveyed these developments while participating in LA Semanal con la Prensa, where he elaborated on various issues of national significance with multiple media outlets.

CIFI Latam commits $15 Million to Four Seasons Resort in the Dominican Republic

Miches, DR.- CIFI Latam, SA, a non-banking financial entity based in Panama, has received an invitation from IDB Invest to contribute $15 million towards financing Inversiones Costa Elocuente SAS (ICE) for the construction and operation of a tourist complex in the Dominican Republic. The investment plan for this project, known as the Four Seasons Resort and Residences within the Tropicalia complex, amounts to $212 million.

Tropicalia, featuring 95 rooms and 25 private residences, aspires to provide a nature-immersive experience without compromising on comfort and luxury. The anticipated opening date for this eco-friendly project is set for 2026.

Verónica Villacis, ESG officer at CIFI, expressed pride in participating in a project that not only contributes to the tourism surge in the Dominican Republic but also implements environmental measures and a biodiversity management plan. This emphasis on sustainability positions the project as a commendable green investment.

The Four Seasons in Tropicalia is not just focused on elevating luxury hospitality standards; it also aims to set an unprecedented milestone in environmental sustainability and socioeconomic inclusion. With plans to generate nearly 2,000 jobs during the construction phase, the project is expected to significantly boost the economy, foster market inclusion and interaction, and contribute to community progress. Miches is anticipated to emerge as the new luxury destination in the Dominican Republic with the development of this transformative project.

ProDominicana: Cibao’s January exports hit record $232M

Santo Domingo.- In January of this year, exports from the northern region totaled US$232 million, involving 663 products from 283 export companies reaching 79 international markets, as reported by the Export and Investment Center of the Dominican Republic (ProDominicana).

Over the period from 2019 to 2023, the Cibao region has exported a substantial US$19,308.4 million, spanning 2,761 products through 763 export companies to 158 international markets, according to ProDominicana.

The leading provinces in terms of exports are Sánchez Ramírez, contributing 37.3% to the overall export figure, followed by Santiago with 35.1%, and Monseñor Nouel with 13.5%, as detailed during an agreement signing with the Association of Industrialists of the Northern Region (Airen). The collaboration aims to unite efforts and bolster the economic development of industries in the area.

Biviana Riveiro, executive director of ProDominicana, and Juan Bautista, president of the board of directors of Airen, signed the agreement. Riveiro emphasized the objective of promoting the participation of affiliated businessmen in fairs and trade missions, facilitating their presence in strategic events for market expansion.

Additionally, Riveiro reported that total exports for January 2024 reached a historic high of US$847.8 million. This notable performance is attributed to a 57.6% increase in raw gold exports. Furthermore, significant interannual growth was observed in the electrodiagnostic devices sector, with a surge of 180.5%, amounting to US$21.1 million, and solid-state cane sugar, experiencing remarkable 261.5% growth equivalent to US$16.8 million.

PRM secures overwhelming victory in 2024 municipal elections

Santo domingo.- The conclusion of the 16-hour continuous coverage on the “Electoral Battle 2024: municipal elections,” led by journalist Alicia Ortega and a panel of experts, underscored the decisive triumph of the Modern Revolutionary Party (PRM) over the opposition, along with a notable increase in electoral abstention.

Historian and analyst Bernardo Vega expressed concern over the opposition’s significant losses in Santiago and Santo Domingo Norte, considering them detrimental to a faction that initially held 52 out of 158 mayoralties. Vega predicted a diminishing role for the opposition in the years to come.

The initial electoral bulletin from the Central Electoral Board, released at 8:00 pm, indicated a clear trend favoring the PRM, securing victories in key regions such as the National District, Santo Domingo Este, Santo Domingo Norte, Los Alcarrizo, Santiago, La Vega, San Francisco de Macorís, and San Cristóbal—major political hubs due to their dense population.

Political scientist Rosario Espinal emphasized the projected high abstention in these elections, surpassing the levels observed in 2020 during the pandemic. Espinal attributed the opposition’s lackluster performance to being “derailed, divided, without direction, and failing to motivate voters.” According to Espinal, this is particularly evident among voters of the PLD (Dominican Liberation Party), who seem uncertain about their course of action.

Espinal cautioned that while the election results favor the government, they should serve as a wake-up call. He pointed out that both the opposition and the government need to enhance their efforts in motivating voters, as persistently high abstention rates could pose a challenge for the PRM to expand its voting base.

Looking ahead to the presidential elections, Espinal identified the challenge for Luis Abinader as the need to broaden his electoral base. He emphasized the importance of not only winning power but also legitimizing it by mobilizing a significant electoral support base.

Journalist Patricia Solano added her perspective, stating that “abstention won” due to parties and politicians failing to connect with the people. She criticized the political discourse, noting that politicians often communicate amongst themselves without addressing the crucial issues that concern the public. Solano concluded by urging self-reflection and a commitment to discussing matters of genuine interest to the people during campaigns.