Grupo Puntacana celebrates the pioneering vision and hard work that paved the way and gave birth 53 years ago to a paradise on earth called Punta Cana, a destination that has become the main tourist destination in the Dominican Republic and the largest in the Insular Caribbean and Central America.
The company’s tenacious work has contributed to the development of a thriving area of more than 44,000 hotel rooms in the eastern part of the country, generating contributions to the gross domestic product (GDP).
The company remains at the forefront by developing new diversification, innovation and expansion strategies that impact job creation and economic mobilization in the tourism and logistics industries.
Upon their arrival in the region in 1969, then called Yauya or Punta Borrachón, a group of North Americans led by Theodore W. Kheel and the young Dominican entrepreneur Frank Rainieri, had the dream of developing a tourist community that respects nature and promotes social responsibility, while offering visitors a unique experience.
Today, the brand, made up of more than 12 companies, is led by Frank Elías Rainieri, president and CEO; Paola Rainieri, Chief Marketing Officer (CMO), and Francesca Rainieri, Chief Financial Officer (CFO) of Grupo Puntacana.
Expansion and new projects
In February of this year, construction began on the Punta Cana Free Trade Zone (PCFTZ): Air, Maritime and Land Logistics Center and Free Trade Zone Park. With an investment of approximately USD$200 million, the project will house cargo logistics operations and offices for the development of the Punta Cana HUB, aimed at innovation and the development of Fintech companies.
With an area of 546,617.45 m² of land, the project will contribute to the sustained economic growth of the area, creating more than 10,000 jobs and positioning Punta Cana and the Dominican Republic as a leader in international trade and foreign investment, projecting the country as a logistics hub, becoming the bridge between Europe and America, and in turn, the south and north of the American Continent.
As a result of the growth of tourism, the expansion of Terminal B of the Punta Cana International Airport (PUJ) is underway. This new terminal will have the capacity to handle three million passengers and will have seven boarding gates, as well as seven air bridges.
It will also have new VIP lounges, a remodeled parking lot, a new check-in hall, a new reception area for VIP services, a beautification of the ramp, a remodeled tour operator area and new information points in the arrival area. The expansion of Terminal B will be carried out with a private investment of US$80 million and will cover an area of approximately 25,000 m² of land. Construction is expected to be completed by January 2023.
With this expansion, they are anticipating the demand that will be generated by the great growth of the hotel supply, which is expected to add 15 thousand new rooms to the region in the next few years. Punta Cana International Airport will be able to receive 1.5 million more tourists, bringing the total number of passengers to more than 5.5 million.
Also, as part of Grupo Puntacana’s diversification and expansion strategies, it recently signed an agreement with Mac Hotels to begin construction of the W All-Inclusive Punta Cana in Uvero Alto, an all-inclusive adults-only luxury property in the Dominican Republic. This will be the first W Hotels property in the market and one of the first W All-Inclusive resorts worldwide. The proposal will have 349 rooms and will generate some 600 new jobs.
The Puntacana Group Foundation continues to create opportunities for the well-being of the area’s inhabitants and to promote innovative solutions for the preservation of the region’s ecosystem. The result of its social programs and initiatives translates into more than 150,000 people receiving quality medical care in specialized public-private medical centers, more than 150,000 people receiving quality medical care in public-private medical centers
more than 7,000 high school graduates and technicians from its educational centers, more than 10,000 hours of technical training and thousands of children and young people who enjoy healthy activities in parks and sports areas built by the Puntacana Group.
For Grupo Puntacana, the future is a matter of great responsibility and, since its inception, its commitment has been to grow in a sustainable manner and in harmony with the environment and the surrounding communities, maintaining the pillars that gave rise to the company and promoting an avant-garde vision.
Its goal is to continue being the hosts of the millions of visitors who arrive through the Punta Cana International Airport and enjoy their dream getaway in the tourist area and throughout the country; betting on the growth of the area, its integral development and the constant improvement of the living conditions of the communities where they operate, providing opportunities that allow access to housing, quality health, education, recreation and culture.
The company will continue to imagine more, promoting organizational changes and transformations, through diverse business models that allow it to respond to the new demands of society and drive the sustained economic growth of Punta Cana and the Dominican Republic.
Grupo Puntacana continues its great entrepreneurial legacy and values impregnated in its DNA, always committed to the well-being of its people and the country.
Learn More: DIVERSE