Banking sector strengthens tourism growth in the Dominican Republic
Santo Domingo.- Representatives from the tourism and banking sectors highlighted the strong relationship between both industries, emphasizing that financial support has been key to the Dominican Republic’s continued tourism growth. During the forum “Capital, Trust and Growth: Banking and Tourism,” organized by Asonahores and the Association of Multiple Banks (ABA), leaders noted that increased visitor arrivals, job creation, and contributions to GDP reflect confidence in the country as a destination. According to Asonahores president Juan Bancalari, bank financing for tourism projects grew by 67% between 2020 and 2025, surpassing RD$112 billion. These investments have supported new hotel developments, infrastructure upgrades, and the expansion of complementary tourism services. ABA president Rosanna Ruiz added that tourism has grown faster than the overall economy over the past 35 years, while lending to the […]
4/29/2026 6:45:38 AM