Madrid, Spain.- The Minister of Tourism, David Collado, announced the successful conclusion of the Dominican Republic’s participation in FITUR 2024. The event resulted in the initiation of 19 new tourism projects, attracting nearly $3.500 million in new investments. These projects are set to add over 9,000 hotel rooms across various regions in the country.
Collado outlined the development plan, stating, We have outlined a route to develop 19 new hotel projects over the next three years, which will mean 9,135 rooms, with an estimated investment of 3.500 million dollars. Of these rooms, 2,048 are expected to be operating for the summer-winter period of this year and another 3,106 by 2025.
Emphasizing the significance of the agreements signed during FITUR, Collado highlighted collaborations with airlines, travel agencies, and tour operators aimed at improving connectivity, boosting the destination brand, and tapping into new market segments. A total of 16 agreements were signed, involving three airlines, 11 tour operators, and two travel agencies.
Collado explained, The objective of these agreements is to attract 322,000 passengers, with an impact on foreign currency of more than 280 million dollars, and which directly and indirectly represent more than 26,000 jobs. He specifically noted the importance of agreements with key entities such as Iberia, Air Europa, Edelwise, Avoris, Nautalia, Soltour, eDreams, and Viajes el Corte Inglés.
During FITUR, 53 percent of the meetings focused on attracting investments and engaging with travel agencies and tour operators. Collado expressed satisfaction with the outcomes, stating, Today we end our commercial activity at the most important International Tourism Fair for the Dominican Republic, FITUR. We leave with enormous satisfaction and a full and challenging work agenda.
The Dominican Republic’s participation in FITUR 2024 has set the stage for significant growth in the country’s tourism sector. With the initiation of 19 new tourism projects, the Dominican Republic has attracted an impressive $3,500 million in new investments. These projects are expected to add over 9,000 hotel rooms, providing a much-needed boost to the country’s accommodation infrastructure.
The Minister of Tourism, David Collado, outlined the ambitious development plan, stating that the 19 new hotel projects will be realized over the next three years, resulting in the creation of 9,135 rooms. The estimated investment for these projects is a staggering $3,500 million. Collado added that approximately 2,048 rooms are expected to be operational by the summer-winter period of this year, with an additional 3,106 rooms expected by 2025.
Collado also emphasized the importance of the agreements signed during FITUR, which aim to improve connectivity, boost the destination brand, and tap into new market segments. A total of 16 agreements were signed with three airlines, 11 tour operators, and two travel agencies. These agreements are expected to attract 322,000 passengers, generating a foreign currency impact of more than $280 million. Furthermore, they will directly and indirectly create over 26,000 jobs.
The Minister specifically highlighted key entities such as Iberia, Air Europa, Edelwise, Avoris, Nautalia, Soltour, eDreams, and Viajes el Corte Inglés, expressing the importance of their involvement in the agreements.
FITUR proved to be a fruitful event, with 53 percent of the meetings focused on attracting investments and engaging with travel agencies and tour operators. Minister Collado expressed satisfaction with the outcomes, noting that the Dominican Republic leaves the fair with a full and challenging work agenda.
The successful conclusion of FITUR 2024 has not only resulted in significant investments and the initiation of new tourism projects but also paves the way for enhanced connectivity and a stronger destination brand for the Dominican Republic. With the anticipation of thousands of new hotel rooms and the establishment of key partnerships, the country’s tourism industry is set to flourish in the coming years, creating economic opportunities and providing unforgettable experiences for travelers from around the world.
