The Dominican Republic is increasingly consolidating its position as a top tourist destination in the Caribbean, with a remarkable 92% of tourists surveyed expressing a desire to return, according to recent data from the Ministry of Tourism. This high level of satisfaction not only highlights the strength of the tourism sector, but also presents an excellent opportunity for real estate development in the country.
An Expanding Market
Between January and July 2024, more than 248,000 surveys revealed that 80% of tourists want to repeat the activities they enjoyed on their visit. Activities such as exploring Saona Island, snorkeling, and visits to the Colonial Zone are particularly popular. These results underscore the need for quality infrastructure that can sustain and enhance this growing demand.
Housing Opportunities
Seventy-eight percent of tourists chose to stay in hotels, and an impressive 96% of them are willing to repeat their choice of accommodation. This underscores the importance of continuing to invest in the development of hotels and resorts in key destinations such as Punta Cana, Santo Domingo and Puerto Plata, which account for the majority of visits.
Noriega Group: Powering Real Estate Growth
Noriega Group has the opportunity to lead real estate development in the Dominican Republic, creating projects that respond to the growing needs of the tourism sector. Investment in new hotel and residential developments in high demand areas is not only viable, but also strategic to capitalize on the continuous flow of satisfied tourists.
Social Networks and Gastronomy as Catalysts
The impact of social media is significant, with 57% of tourists influenced by platforms such as Instagram in their decision to travel. In addition, local cuisine is another strong point, with 85% of visitors reporting a positive dining experience. Integrating these elements into the development of new properties can be key to attracting an even wider audience.
Tourism in the Dominican Republic is booming, and with such a high rate of return, it is the perfect time for Noriega Group to boost its growth in the real estate sector. With the right strategy, projects can be created that not only meet current demand, but also set a new standard in the country’s tourism offerings. This data is supported by the official source of the Ministry of Tourism of the Dominican Republic, which reaffirms the validity of these opportunities.
Dominican Republic: Tourism and Real Estate Promotion
President Luis Abinader highlighted in his inaugural speech the impressive growth of tourism in the Dominican Republic, which in 2023 reached more than 10 million visitors. This figure is expected to exceed 11.5 million by 2024, consolidating the country as the second most visited destination in Latin America. This growth represents a strategic opportunity for Noriega Group, especially in key destinations such as Punta Cana and Santo Domingo, which are leading tourism demand. In addition, with the expansion of infrastructure, including new ports and airports, the potential for real estate development is immense.
Expanding Infrastructure
Projects such as the duplication of the Punta Cana airport and the new international airport in Pedernales reinforce connectivity, creating a favorable environment for tourism-focused real estate investments.
With a booming tourism sector and an ever-expanding infrastructure, the Dominican Republic offers an ideal scenario for real estate growth. Noriega Group can capitalize on these opportunities by developing projects that respond to the growing demand of an increasingly robust tourism market.
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