IMPORTANT NOTICE | Mayberry Investments Limited is a cashless institution.

Mayberry Investments Limited is a cashless institution.
Please note that cash deposits into any Mayberry account held at commercial banks, whether made in-branch or via Automated Banking Machines (ABMs), are not accepted and will not be processed. For information on accepted payment methods, please contact your Investment Advisor.

Dominican Republic’s Tourism Boom: Key Forecasts

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.

 

More Stories from the Market
shutterstock_148562033
August 7, 2026   Wigton Windfarm Limited (WIG) has advised that during the period May 15, 2026 to June 18, 2026, a connected party of a sen…
shutterstock_148562033
August 7, 2026   Supreme Ventures Limited (SVL) has advised that on August 5, 2026, a related entity purchased 6,000 SVL shares.   …
shutterstock_148562033
August 7, 2026   The Jamaica Stock Exchange Limited (JSE) has advised that a director purchased 4,000 JSE shares on June 19, 2026. &nb…
shutterstock_148562033
August 7, 2026   IronRock Insurance Company Limited (ROC) has advised that a connected party purchased 997,767 ROC shares on August 4, 2026…
shutterstock_453968572
August 7, 2026   One Great Studio Company Limited (1GS) has advised of its strategic acquisition of the business of FarmHouse Creative Mark…
shutterstock_316932977-700x441
August 7, 2026 Mexico strengthened its position as the United States’ largest trading partner during the first half of 2026, with merchandise exp…
shutterstock_193038047
August 7, 2026 According to the U.S. Bureau of Labor Statistics, total nonfarm payroll employment declined by 23,000 in July 2026, while the unem…
shutterstock_453968572
August 7, 2026     United States:   US Employers Unexpectedly Shed Jobs; Unemployment Rate Falls   US employers unexp…