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The Dominican Republic remains the second-largest tourism market in Latin America

The Dominican Republic remains the second-largest tourism market in Latin America
Miami, Florida.- The Dominican Republic remains the second-largest tourism market in Latin America in revenues and now also has passed Argentina in terms of visitors.

According to a new analysis from Miami-based online business publication Latinvex, using data from the World Tourism organization, Dominican Republic last year posted tourism receipts of US$6.8 billion, a 9.9% increase compared with 2015. By comparison Brazil saw receipts grow 3.1% to US$6 billion. Only Mexico has higher receipts in Latin America than the Dominican Republic.

The Dominican Republic also remains the Latin American champion in receipts as a percent of its overall economy. Last year its receipts-GDP ratio was 9.4%, the highest in Latin America and five times the regional average of 1.8%. Meanwhile, revenues per tourist reached US$1.13 billion, the fourth-highest in Latin America.

Source: Dominican Today

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