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Dominican Today, Dominican Republic, July 19, 2007

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Dominican Republic again posts strong tourism figures

MIAMI.- The Dominican Republic last year posted another strong performance, with arrivals up by 7.4 percent to 4.0 million, while receipts grew by 7.8 percent to $3.8 billion.

The Dominican Republic thus kept its third place on the ranking of the tourism revenue leaders (after giants Brazil and Mexico), despite Argentina posting a 22.7 percent increase in its tourism receipts to $$3.3 billion.

This year, however, is more mixed. Arrivals to the Dominican Republic during the first five months were only up by 0.5 percent, thanks to some declines in April and May. During the first quarter, arrivals had grown by 4.0 percent, while receipts increased by 4.9 percent.

All in all, Latin America and the Caribbean registered a record 66.7 million tourists last year, an increase of 2.2 percent from 2005. Tourism receipts reached $53.2 billion revenues, which was 7.9 percent higher than in 2005, the Latin Business Chronicle analysis shows. El Salvador's tourism receipts grew by 46.5 percent last year, more than any other country in Latin America.

Meanwhile, Panama posted the strongest growth in arrivals - 20.1 percent, according to a Latin Business Chronicle analysis of the World Tourism Organization data.

Full story: http://www.latinbusinesschronicle.com/app/article.aspx?id=1445

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