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Weekly Report - 04 June 2020 (WR-20-22)

Dominican tourism dominance under threat?

The Dominican Republic government is coming under mounting pressure to expedite the process of reopening the tourism sector. Tourism is an economic mainstay, providing jobs for some 300,000 people in the Dominican Republic and amounting to some 8% of GDP. But the number of tourists visiting the country declined by 43% year-on-year between January and April, the central bank reported on 29 May. Grupo Puntacana, the largest tourism firm in the Dominican Republic, warned that the sector might not recover this year unless urgent action is taken and that it would lose out to other Caribbean destinations.

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