Articles provided by DR1
Travel to the DR was up 13% in March compared to the same month last year. And it’s the Americans who are coming: 60% of foreigners are coming from the US. Through March, 33,777 more US tourists visited, compared to the first three months last year. This is more significant because the [...]
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Travel in the Dominican Republic is up
USA Today focuses on real estate development in Samana, Las Terrenas
An article titled “Second homes: A gust of new development in the Dominican Republic” recently appeared in USA Today. The article was very positive, which is good news for investors and those considering investing in real estate in the Dominican Republic.
The article’s focus is on the north coast, and specifically the Samana Peninsula, Cabarete and [...]
Luxuryliving International taps Dominican NE as best of Paradise’s 10 top beaches
Article provided by Dominican Today
Santo Domingo.- Balmy breezes, unbelievable beaches, fantastic financial incentives…the utter escape from the mad-dash of the “real world” and a permanent flip-flop lifestyle. These are just a few of the reasons more and more affluent travelers are choosing to live in paradise.
Of all the spots to buy a vacation or retirement [...]
Haiti Earthquake: Impact on the Dominican Republic?
How has the disastrous January 12 earthquake in Haiti impacted its island neighbor, the Dominican Republic (DR) and how might it impact the DR in the future? It’s impossible to say what the long term consequences might be; however, the short term is more clear.
The actual quake was felt in some areas of the [...]
Dominican Republic may see a 2nd wave of French investments
December 3, 2009
Article supplied by Dominican Today
PARIS. – The French Enterprise Movement (MEDEF) today stated its interest in making Dominican Republic the front door for a second wave of investments from its country in the areas of tourism, energy, rail transport, technology, banks, perfume and telecoms in the rest of the Caribbean.
As part of the [...]
What crisis? Dominican Republic tourism real estate projects forge on
Article provided by Dominican Today
Santo Domingo.- Contrary to what occurred in other countries which compete with Dominican Republic, investments in tourism real estate projects continue growing as the result of the strong position of local banks and lower interests in the wake of the global financial crisis.
Dominican Tourism Realtors Association (ADETI) president Juan Bancalari affirms [...]
3% growth rate forecasted in Dominican Republic for 2009
Article supplied by dr1.com
Government Bullish on Economy
The Dominican government’s economic team is optimistic about growth prospects for the end of the year, as reported in Listin Diario. The team forecasts a growth rate of at least 3% for this year. The IMF forecasts growth of 2.5% for next year with the creation of some 10,000 [...]
Arab Emirates confirm natural gas plant for Dominican NW
I’m not sure yet what the impact will be of this natural gas plant in the northwest of the Dominican Republic, but I read another article stating the the plant would provide cheaper and more efficient power. What I read was the cost would be up to three times cheaper. Though there have been some [...]
$2 billion resort and residential project planned for Samana Peninsula
This newly announced project means more good news for the Samana Peninsula. Though the project won’t be completed for 20 years, the scope of this project indicates to me that Samana has a very bright future. The Samana Peninsula, where Las Terrenas, Samana and Las Galeras are located, has been getting attention from travelers, retirees [...]
Cruise ship arrivals up 24% in Dominican Republic
Cruise Ship Boom – article supplied by dr1.com
“We are talking about a boom in cruise ship visits,” said Tourism Minister Francisco Javier Garcia, speaking at the IFTM/Top Resa 2009 event in Paris. He said numbers show that cruise ship arrivals are up 24%, despite the general lull in travel.
He said that cruise ship arrivals to [...]
