Tourism drives DR economic growth: 4.6% IMAE in July
In the end, the model works. The Central Bank released its monthly economic activity indicator (IMAE) for July and the number confirms what was already being whispered in hotel lobbies: tourism is pulling the cart again. The economy grew 4.6% year-on-year and, according to Arecoa, the travel sector is pushing the hardest.
This is not by chance. Air arrivals are hitting record numbers while Punta Cana, Bavaro and the Samana coast are showing occupancy levels we have not seen for a long time. There is a lesson here: the mix of sun, beach and an increasingly professional hotel offering delivers results when other sectors stumble.
My take is clear, tourism is no longer a complement to the DR economy, it is the heart pumping confidence. Investors who bet on refurbishing hotels or adding new brands are on the right side of history. The question now is whether MITUR can sustain this momentum with connectivity policies and agile permitting. Demand is here and the Central Bank figures just confirm that the strategy is winning so far.
Quick questions
How much did the Dominican economy grow in July?
What role does tourism play in this growth?
What does IMAE mean for hoteliers?
Is growth only happening in Punta Cana?
Is this a good time to invest in hotels in the DR?
Was this article useful?
5.0 · 1 vote
The daily brief
The Dominican tourism brief, in your inbox
Hotels, airlines, MITUR, cruises and destinations. One sharp email a day. Free.
The brief Dominican travel professionals read every morning.
Editorial content by Turismo News. It may contain errors. Verify anything important with the original source.
This article may mention third-party products, companies or services for informational purposes. Turismo News does not endorse them and is not responsible for them or for what they offer. Editorial content curated by the Turismo News team.