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Dominican Republic leads in tourism in Latin America

Miami.- The Dominican Republic continues to be the Latin American leader when it comes to tourism receipts as a percent of its GDP, according to Latinvex analysis of data from the World Tourism Organization and International Monetary Fund.

Tourism receipts reached US$5.6 billion last year, which translates into 8.7 percent of the Dominican economy. As a result, the Dominican Republic leads all other countries in Latin America, including Panama, which had a receipts-GDP ratio of 7.9 percent.

Meanwhile, the Dominican Republic ranks as the third-largest tourism market in receipts, behind only Mexico and Argentina, according to Latinvex. In terms of the number of international visitors, it ranks as the fourth-largest market after Mexico, Brazil and Argentina.

The number of international visitors grew 9.6 percent last year to 5.1 million. That translates into an arrival-population ratio of 48.5 percent, the third-highest in Latin America.

As a result, receipts per visitor reached US$1.1 billion, which ranks as the fourth-highest.

All in all, the number of international arrivals to Latin America grew by 10.1 percent last year to 89.7 million visitors, while receipts grew 7.6 percent to US$79.2 billion, according to our analysis.

Receipts per visitor reached US$883, a 0.4 percent increase.

The number of international arrivals to Mexico, Latin America’s top tourism market by far, jumped 20.5 percent last year to 29.1 million. That was the strongest increase in Latin America, both in percentage and real terms.

Receipts, meanwhile, grew by 16.6 percent to US$16.3 billion. That was the highest increase in real terms and the third-highest in percentage terms.

Source: DT

Dec 2, 2015

Category: DR News |

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Last updated October 26, 2016 at 10:54 PM
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