Despite the fact that the Dominican Republic is one of the most sought-after tourist destinations by investors and where an important growth of the sector is foreseen, the Cabo Rojo project in Pedernales has Iberostar as the only major Spanish hotel company for the moment, while Riu, Meliá, Barceló and Bahía Principe have not yet confirmed their participation, at least in this first phase.
Iberostar’s interest would be driven by sustainability, a passion of the daughters of the Spanish hotel owner, and also because it is a project where it will not have to invest in construction.
And although Riu, Meliá, Barceló and Bahía Principe are not considering this destination for the moment, they do not rule it out either. Carmen Riu has pointed out that Cabo Rojo could complement Bávaro and become the Costa Mujeres of the Riviera Maya, but an airport and more basic infrastructure are needed.
Just last May, the Dominican Minister of Tourism, David Collado, pointed out that tourism currently contributes around 60% of the country’s economy. (Dominican Republic: tourism accounts for more than half of its economy).
In Cabo Rojo, Pedernales, a sustainable project is being built in which eight hotels will participate, two of which are already under construction. In Punta Bergantín, another complex is being developed with hotels, tourist housing, a golf course, film studios, and a project for academics.