July 04, 2025
By the end of this year, the tourism sector is projected to contribute approximately US$21.1 billion to the Dominican Republic’s gross domestic product (GDP), accounting for 15.8% of the national economy, according to estimates from the World Travel & Tourism Council (WTTC).
The Economic Impact Research report, presented yesterday and prepared by the WTTC in collaboration with Oxford Economics, forecasts that the country’s travel and tourism sector will reach a new all-time high by 2025. This projected growth, with an anticipated year-over-year increase of 3.3%, underscores the Dominican Republic’s commitment to developing a solid, sustainable, and resilient tourism industry.
In addition to its GDP contribution, the report indicates that the sector is expected to employ nearly 893,000 people this year, equivalent to 17.9% of the national workforce.
By the end of 2024, international tourism spending is forecast to reach US$11.4 billion, while domestic tourism spending is projected at US$4.1 billion. This highlights both the strength of the domestic market and the country’s global appeal as a travel destination.
Looking further ahead, the study projects that by 2035 the tourism sector could contribute more than US$29 billion to GDP, maintaining an average annual growth rate of 3.3%. Employment in the sector is expected to rise to around 980,000 jobs over that period, reflecting the creation of more than 87,000 new positions in the next decade.
Meanwhile, in 2024, the travel and tourism sector contributed an estimated US$20.5 billion to the country’s GDP, representing 16.1% of the economy. Last year, international tourism spending reached US$11.2 billion, while domestic tourism spending totaled US$3.9 billion. These figures represent increases of 17.6% and 12.3% over 2019 levels, respectively. The sector supported more than 876,000 jobs in 2024, accounting for approximately 17.6% of total national employment.
Regional Outlook
Across the Caribbean, the travel and tourism sector is expected to generate US$81.4 billion in GDP in 2024, representing 17.6% of the regional economy and surpassing 2019 levels by more than 28%. According to the Economic Impact Survey for 2025, the sector’s contribution is projected to rise to US$86 billion, or 18.2% of regional GDP. Employment in the Caribbean’s travel and tourism industry is expected to exceed 3 million jobs, representing 16.1% of total regional employment.
Source: (Dominican Today)
Disclaimer:
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer(s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view(s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.