Real estate tourism contributes 32% of lodging supply

ADETI executives highlighted the great growth of investments after the pandemic.

Investments in tourism real estate in the country by the 15 members of the Dominican Association of Tourism Real Estate Companies (ADETI) exceed US$10 billion.

The data was offered by Jorge Subero Medina, president; Michael Lugo, executive director and Roberto Despradel, advisor and author of the last statistical study of the entity.

Investments in real estate tourism in the country by the 15 members of the Dominican Association of Tourism Real Estate Companies (ADETI) exceed US$10 billion.

The data was offered by Jorge Subero Medina, president; Michael Lugo, executive director and Roberto Despradel, advisor and author of the last statistical study of the entity.

Landscape real estate projectADETI’s directors highlighted the great growth that investments have had after the pandemic, representing more than 27,300 rooms and 4,300 in the process of construction.

They pointed out that if they are counted with the hotel rooms, which are about 85,000, real estate tourism represents 32% of the total of the whole sector.

In addition, this growth has been accompanied by a diversification of the real estate tourism offer in the national territory, due to the fact that there are important projects in the provinces of La Altagracia, SamanĂ¡, Puerto Plata, BanĂ­ and later on Pedernales.

They also emphasized that real estate tourism complements traditional hotel tourism, since according to a survey, it has 64% of the yacht moorings (marinas), as well as 64% of the golf courses, plus tennis courts, among other offers.

They stated that if the bureaucratic obstacles to receive the benefits granted by Law 171-07 on Special Incentives to Foreign Pensioners and Annuitants were eliminated, there would be a great growth of investments in real estate tourism, impacting on the generation of jobs and the entry of foreign currency into the country.

They were confident that with the Zero Bureaucracy project this could be achieved.

Learn More: Tourism

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