By the Caribbean Journal staff
The Dominican Republic isn’t just one of the most popular destinations in the Caribbean for tourists – it’s reported to be the most popular destination for hotel investors, too.
The Dominican Republic continued its hotel boom in 2017, with 12 new resorts having opened in the 2017 calendar year, according to new data from the country’s government.
Overall, the Dominican Republic increased its hotel stock by some 8,360 rooms, bringing the country’s total hotel stock to a total of 82,000.
There are another 13,000 new rooms under construction as well, according to a statement from Dominican Republic President Danilo Medina, while another 3,600 more are under renovation.
It’s the reason why one of the Caribbean’s leading resort companies, Apple Leisure Group, is bullish on the Dominican Republic right now.