WTTC projects tourism spending to rise almost 9% in DR by 2024

The World Travel & Tourism Council (WTTC) projects that 2024 will be a record year for the sector in the Dominican Republic, with an increase of almost 9% in spending by international visitors, compared to 2019, or US$10.4 billion.

Likewise, the agency presided over by Julia Simpson forecasts that domestic tourism spending will reach an all-time record with US$3.7 billion, 6.5% above 2019.

According to the Economic Impact Research (EIR) 2024, prepared by the world tourism body, in association with Oxford Economics, the travel sector will contribute US$19.4 billion to the Dominican Republic’s GDP, which will mean an increase of 12.6% compared to pre-pandemic levels.

It is worth noting that by the end of 2024, the sector will represent more than 841 thousand jobs in the country, that is, more than 17% of the total number of jobs in the country.

According to WTTC analyses applied in 185 countries, the Dominican Republic is one of the 98 destinations that in 2023 surpassed records in terms of contribution to GDP. In this way, the Dominican travel and tourism sector exceeded contribution levels by more than 8%, compared to 2019.

Currently, the sector represents 15.3% of the national economy, with an economic contribution of US$18.7 billion.

Source:Arecoa.com

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Dominican Republic Live Editor

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