Horwath Special Market Report: Dominican Republic
After modest industry growth in the years following the Worldwide Financial Crisis, in recent years visitor arrival numbers in the Dominican Republic increased significantly, reaching a growth of nearly 10% for two consecutive years, thus solidifying its position as the most visited destination in the Caribbean. With a GDP growth of around 7% in both 2014 and 2015, the country ranks among the fastest growing economies in Latin America.
After modest industry growth in the years following the Worldwide Financial Crisis, in recent years visitor arrival numbers in the Dominican Republic increased significantly, reaching a growth of nearly 10% for two consecutive years, thus solidifying its position as the most visited destination in the Caribbean. With a GDP growth of around 7% in both 2014 and 2015, the country ranks among the fastest growing economies in Latin America. In 2015, tourism was the biggest FDI recipient of all economic sectors.
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Horwath HTL is focused one hundred percent on hospitality, tourism, and leisure consulting. Our services cover every aspect of hotel real estate investment, tourism, and leisure development. Our clients choose Horwath HTL because we have earned a reputation for impartial advice that will often mean the difference between failure and success. Each client project is unique, and they rely on us to utilize the experience we have gained throughout our 100-year history to assist them in achieving their goals. Being a global firm with 52 offices in 40 countries, we have successfully carried out over 40,000 assignments for both public and private clients. As part of the Crowe Global network, a top-ten accounting, and financial services network, Horwath HTL is the number one choice for companies and financial institutions looking to invest and develop in the industry.
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