DR does its “homework” to recover the German market

Minister David Collado received two awards from Radio Group Germany: one as Minister of Tourism of the Year 2022 and the other for the country’s fastest recovery after the pandemic.

Berlin, Germany – The ITB Fair in Berlin began with a good sign for the Dominican Republic and this information is supported by preliminary information on contacts with investors who look positively on the Caribbean country, and with the announcement of a session by the UNWTO for May.

Yesterday, several agreements were signed that add to a tourism that is improving and the work of Minister David Collado was recognized. The official received two awards from Radio Group Germany: one of them as Minister of Tourism of the Year 2022 and the other award was for the country, for being the one with the fastest recovery after the pandemic.

Earlier in the morning, the Ministry of Tourism and the World Tourism Organization (WTO) agreed here in Punta Cana to hold the 118th Executive Council of this international institution.

The activity will be held in May of this year with the participation of 35 tourism ministers from different countries.RD y Mercado Aleman “This is how we begin this ITB Berlin Fair, with good news, bringing the world tourism council to meet in the Dominican Republic,” said Collado.

The announcement was made at the opening ceremony of the Dominican Republic’s stand at ITB Berlin 2023.

He assured that the institution is working hard to recover the German market and other places on the European continent.

He emphasized that the endorsements of the World Tourism Organization (WTO) to the country have contributed to the world to look towards the Dominican destination.

The official indicated that this is the first time that the Dominican Republic occupies one of the seats on the Executive Committee of the WTO. “It is a chair with a voice and vote that we carry,” he said.

As part of the attractions of the Dominican stand at the ITB, Tourism set up an immersive exhibition of Dominican tourist attractions.

Banking

Banco Popular and Banco de Reservas maintain a strong support to the tourism sector, both as financiers of development. And this support was valued by both the Secretary General of the UNWTO, Zurab Pololikashvili, and by Minister David Collado.

The vice-president of the Tourism Business Area of Banco Popular, Juan Manuel Martín de Oliva, highlighted the work being carried out in the Dominican Republic to continue strengthening tourism.

Banco Popular, a firm ally of the tourism industry, informed that the institution has held important business meetings at the ITB, which began yesterday, Tuesday. As the fair progresses, the number of meetings increases. This is what usually happens. “And the most important thing is the number of interlocutors who come to talk to us and ask us for recommendations to invest in the country”, said Martin de Oliva.

He added that Banco Popular not only has a responsibility to its clients, but also supports the country in attracting investment. “The investment climate in the Dominican Republic is truly spectacular. We are moving in a socio-political environment of the entire region, which makes the Dominican Republic grow even more. We always talk about the Dominican Republic being fashionable and it’s true. The only difference is that the Dominican Republic does not go out of fashion,” he said.

The Dominican Republic, which has an important representation at ITB 2023, has signed and will continue to sign agreements with travel agencies, tour operators and investors. This has been established by representatives of these sectors.

Financial portfolio

For his part, the general administrator of Banco de Reservas, Samuel Pereyra, told journalists that last year the active portfolio destined to tourism exceeded RD$35,868 million, with financing approvals of US$172 million for projects in the sector.

He estimated that RD$8,954 million was also disbursed for the hotel sector and financing of more than US$400 million was approved for working capital and development of tourism projects. “All these investments have been necessary and are part of Banco de Reservas’ commitment to the development of the Dominican Republic,” reiterated Pereyra while speaking at the inauguration of the photographic exhibition organized by the Bank “La Riqueza en la República Dominicana” (Wealth in the Dominican Republic), by the outstanding lens artist, Eladio Fernández.

He informed that Banreservas is evaluating new investments in excess of US$1.5 billion to guarantee the continued growth of tourism in the Dominican Republic. These resources will be destined to the construction of new hotel projects.

Speaking at the opening of the stand and in conversation with the press, the president of the Board of Directors and founder of the Punta Cana Group, Frank Rainieri, who was present at the inauguration of the Dominican stand, emphasized that the German market has been fundamental for the development of tourism in the Dominican Republic. He recalled those years when these citizens began to travel as tourists, attracted by the Dominican charm and beauty and by the treatment of the people, later, in subsequent trips.

Aeronautical vision, citing their efforts

The president of the Civil Aviation Board (JAC), José Ernesto Marte Piantini, interviewed by the Dominican press accredited in Berlin, said that this institution makes punctual contacts that favor Dominican tourism. “We never leave empty-handed from this type of fair and the work that is being done is giving timely results. The tourist goes to the Dominican Republic, and most of them do it by plane,” said the official.

Meanwhile, the director of the Dominican Civil Aviation Institute (IDAC), Héctor Porcella, highlighted that 2022 was the best year for civil aviation in the country. “We are in Berlin supporting the Ministry of Tourism in this fair because they are our allies. We belong to the Tourism Cabinet and the strategy set by President Luis Abinader for all of us to go in the same direction until we achieve what we already have, to be the best country in the region is being followed step by step,” he exposed.

20,000 tourists a year sends Germany to the Dominican Republic, it is one of the most important European markets.

Source: Mitur.gob.do

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