President Danilo Medina participated last Tuesday, March 25th, into the inauguration of two new hotels and a water park built by the Blue Diamond Hotel & Resorts chain with an investment of over 250 million.
New hotels Royalton Punta Cana and Memories Splash Punta Cana, will provide 1,010 rooms, 11 bars and 8 restaurants for the tourism and bringing employment to the Punta Cana region.
President of Sunwing Travel Group, which owns the hotel chain Diamond Hotel & Resorts, said that his investment in the country is the result of political, economic and leadership stability featuring the Dominican Republic.
Stephen Hunter congratulated to President Danilo Medina for having created the necessary to allow foreign investment in this Caribbean nation.
The hotel executive said that in the country also operates the airline Sunwing Airlines with 34 aircraft and an average of 32 weekly flights to Dominican Republic, giving the economy more than $ 130 million a year.
He said the project was done in record time of eight months thanks to strong collaboration and the skill and dedication of more than a thousand workers on site.
Hunter announced that Blue Diamond will build a third hotel, with an investment of $ 50 million, which will provide 320 rooms at Punta Cana area.
The best time to invest in Dominican Republic, especially in Bavaro and Punta Cana
Minister of Tourism, Francisco Javier García, highlighted the confidence that investors are having in the Dominican Republic and highlighted as shown in the opening of two new hotel projects from Sunwing Travel Group and the Dominican State investment and commitment to the Punta Cana sector.
He also said that tourism in Dominican Republic is living its better moments as in the months of January and February, the sector registered an average growth of a six percent, which is the start of a great year for the tourism industry.
The official recalled that December finished with a hotel occupancy of 87.3 percent, the highest in recent years, explaining that another fact that projected 2014 as a good year is the full recovery of the European market, citing in particular German market, which grew 16 percent in 2013.