With less than 48 hours left to finish the International Tourism Fair (fitur 2023) the delegation of Dominican authorities feels that it has already achieved its goal, after exhausting a long day of meetings: “investments for 3.645 million dollars and signatures of 11 cooperation agreements”.
According to statements by the Minister of Tourism, david colladoin a meeting with the press -in which there was no time for questions-, the Dominican banks, the Ministry of Tourism and the Association of Hotels and Tourism of the Dominican Republic (Asonahores) did not stop holding “meetings every 15 minutes” in fitur 2023.
As a consequence of this dynamic work, he boasted 10 agreements of investments on the Dominican Republic for an estimated value of 3,645 million dollars, of this amount, 1,645 million dollars will begin in 2023.
He summarized the committed investments as follows:
· Installation of Sports Illustrated Resorts in Cap Canawith investment of 50 million dollars (already open).
The Pioneer Fund announced investments for 2 billion dollars in Macao. Also, it will start immediately with 250 million dollars, and for the first time the Dominican Republic will have a Ritz-Carlton hotel all inclusive.
· The Spanish Martinón family announced investments for $90 million for a Hyatt hotel on Winston Churchill Avenue corner Paseo de los Locutores, in the National District. In addition, 50 million dollars in the remodeling of one of his hotels in Punta Cana-Bávaro.
· Frank Elías Rainieri announced the investment of 200 million dollars with the Zemí hotel, in Michesfor which he signed a loan contract with Banreservas yesterday.
· Rafael Blanco Canto reported on the investment of 150 million dollars in Miches with a new hotel of the Viva Wyndham Resorts chain.
· Grupo Fuertes, from Spain, presented its project and signed a loan yesterday for 325 million dollars. Advertisement investments with hyatt hotel, of some 1,000 rooms, in Miches.
- The Rainieri family announced that the Dominican Republic For the first time, it will have an all-inclusive W hotel, a luxury brand that will imply a higher level of visitor spending. The investment will be 135 million dollars.
- The Cisneros family (Venezuelan) announced that the Four Seasons hotel will be a reality in Miches, with an investment of 200 million dollars.
- BH Caribe will invest 250 million dollars and will also start with a further 200 million dollars in May. It will be 450 million dollars in total.
- Bahía Príncipe, from the Piñero Group (Spanish), made announcements for 100 million dollars, half of which will be invested in 2023 and the rest in 2024.
In all, the investments announced reach 3.645 million dollars, estimated Collado.
air connectivity
Collado indicated that the main objective of the Dominican participation this year was to increase air connectivity, with a view to the summer. Regarding this, he said that agreements were closed with airlines and tour operators in Europe such as El Corte Inglés, Air Europa, Iberia and others.
The achievements of the banking sector
This year three banking entities participated in Fitur: Banreservas, BHD and Popular.
“Three banks cannot, Samuel,” said the senior vice president of the Banco Popular Dominicano, in a joking tone, to the general administrator of Banreservas, Samuel Pereyra.
The third Dominican bank that traveled to fitur 2023 it was the BHD. “I think that in the end we are going to have to involve the others,” said Grullón.
The vice president of Popular, René Grullón, summarized that since last Sunday the entity had more than 40 meetings in Madrid, with 12 projects that had been worked on since last year, achieving up to 600 million dollars in potential loans and 1.2 billion dollars in investments.
While the general administrator of Banreservas, Samuel Pereyra, assured that this was “the best year” that Banreservas has had in terms of its participation in the fair, which is attended by delegations from 131 countries.
He estimated that there were more than 55 meetings and gatherings held by the bank, long before it officially started. fitur 2023 last Wednesday.
reported that they reached investments and possible investments that exceed 4,000 million dollars and financing requests above 2,300 million dollars.
The news investments would translate into more than 6,000 new rooms that will be enabled in the Dominican Republic.
Importance of participation of the Dominican Republic in Fitur
According to Minister Collado, in 2022 they reached the Dominican Republic 1.3 million travelers from the European market. “Therefore, participating in this Fitur fair is extremely important for our country,” the official stressed.
The country’s participation in the fair was planned for six months. Fitur, which is held in Madrid, the capital of Spain, is considered the most important tourist event of its kind in the world today.
