Central Bank and Asonahores evaluate tourism contributions to economic recovery

The directors of ASONAHORES described as “surprising” the recovery experienced by tourism in the Dominican Republic, “due in good measure to the work carried out by the Government, and more specifically by the strategy developed in all markets by the Ministry of Tourism, headed by David Collado”.

The tourism sector has made the greatest contribution to the growth of the Dominican economy this year, becoming a backbone of the recovery process experienced by the country after the pandemic and the effects of the war conflict in Ukraine, declared the governor of the Central Bank, Héctor Valdez Albizu.

During a meeting with members of the board of directors of the National Association of Hotels and Restaurants (ASONAHORES) headed by its president Rafael Blanco, the official said that this sector contributed 1.8 percentage points in the average expansion of 5.5% registered by the economy in the period January-July 2022.

This is, he said, one third of the growth experienced in the first seven months, with an increase in its real value added of 32.9%. He also pointed out that this performance responds to the arrival of 4,282,207 million travelers in January-July of this year.

Valdez Albizu pointed out that this represented an increase of 1,820,577 passengers (74.0%) with respect to the same period of 2021, highlighting in particular the historical record for a month with the arrival of 735,064 tourists in July 2022.

ASONAHORES: SURPRISING

ASONAHORES executives described as “surprising” the recovery experienced by tourism in the Dominican Republic, “due in good measure to the work carried out by the Government, and more specifically by the strategy developed in all markets by the Ministry of Tourism, headed by David Collado”.

They also highlighted the importance of the monetary measures implemented in the pandemic to offer facilities to the private sector and households, through the financial system.

The representatives of the sector stated that foreign investors, especially hoteliers, praised the treatment received in the Dominican Republic by the Government and the credit facilities granted by the Central Bank through the financial system to support the sector in difficult times.

Along with Rafael Blanco, ASONAHORES was represented by Andrés Marranzini, executive vice-president, and Javier Tejada, director of the Board of Directors.

Valdez Albizu was accompanied by Deputy Governor Clarissa de la Rocha de Torres, Deputy Manager of Monetary, Exchange and Financial Policies, Joel Tejeda, Deputy Manager of National Accounts, Ramón González, and Director of National Accounts, Elina Rosario.

Advertisements

Leave a Reply

Your email address will not be published.

thirteen − four =