Banreservas meets in France with investors

Banreservas meets in France with investors

A delegation from the Banco de Reservas (Banreservations), headed by its administrator Samuel Pereyra, held meetings in France with clients interested in investing in the development of Bergantín, Jarabacoa, Puerto Plata, Palenque beach, the eastern zone and other locations in the Dominican Republic.

In a press release, Banreservations reported that among these meetings, those held with representatives of the hotel groups Recaindu Holding, Paramount Hotels & Resorts, Piñeiro, Inverotel, Sky Cana, MGM Muthu, Posadas and De Valle, among others, stand out.

The meetings were held within the framework of the International French Travel Market (IFTM)-Top Resa 2022the main travel tourism fair of French origin.

The delegation of Banreservations developed business negotiations jointly with the Ministry of Tourism, to arrange investment projects for the Dominican Republic.

Pereyra led the meetings held with investors interested in hotel projects, as well as with tour operators and executives from various companies that are part of the value chain of the entertainment industry.

The extensive agenda of meetings was held in Paris, within the framework of the fair held from the 20th to the 23rd of this month, with the purpose of promoting tourism in the Dominican Republic.

The IFTM-Top Resa traditionally brings together more than 34,000 professionals from the tourism sector and, in this 43rd edition, it took on special significance for the Dominican Republic and the consolidation of its tourism reactivation. This year it had more than 20,000 visitors and 500 exhibitors.

After the International Tourism Fair (Fitur), in Madrid, the IFTM-Top Resa is the second tourism fair to be held in person again, after the covid-19 pandemic.

Impact in figures

France It has great potential as a source of tourists to the Dominican Republic, being one of the main European countries with the highest number of visitors. Between January and August 2022, a total of 160,985 French tourists visited the country, representing 16% of visitors from the European market, according to figures from the Central Bank cited in the press release of the Banreservations.

From August 2020 to date, Banreservations has supported projects that are under construction, which will provide more than 2,400 rooms, a new cruise port and a theme park, which will be generating more than 6,000 direct and indirect jobs nationwide.

The administration has also approved more than $400 million in financings, surpassing investments totaling $985 million.

Banreservations informed that it is currently evaluating operations that will exceed 1,500 million dollars, equivalent to 80,000 million pesos, destined for the construction of new hotel projects, which are added to the complementary offer of tourism that is planned to be established in the different tourist poles of the Dominican Republic .

Tovar Exhibition

To promote Dominican art and culture, Banreservas held two exhibitions in Paris of the works of the outstanding painter Iván Tovar, who lived in France for many years.

The exhibition, made up of 11 pieces by the renowned artist, opened on the opening day of the fair, with the presence of the Minister of Tourism, David Collado and other representatives of the Dominican delegation attending the conclave, as well as businessmen from the sector. At the end of the exhibition at the fairgrounds, the exhibition was transferred to the headquarters of the Dominican embassy in Paris, where it will be open to the public for a month.

In this activity, which had the collaboration of the ambassador Rosa Melba de Grullón, the widow of Iván Tovar, María Castillo; his daughter Daniela Tovar and Yurit Ruiz, from the Tovar Foundation. Members of the Dominican diplomatic representation in Europe also attended.

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