The Dominican Republic is a Caribbean nation that attracts a significant number of tourists every year. Known for its pristine beaches, magnificent resorts, and vibrant culture, the Dominican Republic has become one of the most popular tourist destinations in the region.
But how much money does the country make in tourism? Let’s take a closer look.
Tourism Industry in the Dominican Republic
The tourism industry is one of the most important sectors of the Dominican Republic’s economy. According to the World Travel and Tourism Council (WTTC), the total contribution of travel and tourism to the country’s GDP was 17.1% in 2019. This figure is expected to rise to 20.7% by 2029.
Number of Tourists
In 2019, over 7 million tourists visited the Dominican Republic, which was an increase of about 4% compared to the previous year. The majority of visitors were from North America, followed by Europe and South America.
Tourism Revenue
The revenue generated from tourism in the Dominican Republic has been steadily increasing over the years. In 2019, it reached approximately $7 billion, which was a 5% increase compared to the previous year. This revenue includes both direct and indirect contributions from travel and tourism.
Employment Opportunities
The tourism industry is also responsible for providing employment opportunities for many Dominicans. In fact, it is estimated that one in every five jobs in the country is related to travel and tourism. This includes jobs in hotels, restaurants, transportation, and other related industries.
Conclusion
Overall, it is clear that tourism plays a vital role in the economy of the Dominican Republic. The industry generates significant revenue while also providing employment opportunities for many locals.
As such, it is no surprise that both government agencies and private companies continue to invest in the development of this sector. With its stunning beaches, rich history, and warm hospitality, the Dominican Republic is sure to remain a top tourist destination in the years to come.
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