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Tourism, the great protagonist of the Dominican Republic’s economic growth in 2024

Tourism, the great protagonist of the Dominican Republic’s economic growth in 2024 The Dominican tourism sector is consolidating itself as the country’s main economic engine, managing to close 2024 with record visitor arrivals, an expansion of its hotel plant, and a considerable improvement in average tourist spending. For economist Jaime Aristy Escuder, the growth exhibited by the DR economy in the just-ended year was leveraged mainly by the contributions of the tourism sector, an industry that remains unstoppable. “The activities of the tourism sector together with commerce, construction and local manufacturing contributed tangibly to the increase in Dominican GDP in 2024,” he said. He indicated that the growth mentioned above is in line with the estimates of the Central Bank, which indicate that the economy would register the highest growth rate in the entire region last year. He said that the Dominican economy will remain at a good pace in the future. Proof [...]

By |2025-01-06T13:49:38-04:006 de January de 2025|Outstanding news, Tourism|Comments Off on Tourism, the great protagonist of the Dominican Republic’s economic growth in 2024

A toast to Havana Club S.A., the fastest-growing brand in Pernod Ricard’s portfolio

A toast to Havana Club S.A., the fastest-growing brand in Pernod Ricard's portfolio By Daily Pérez Guillén Havana Club is the brand boasting the greatest growth in Pernod Ricard's portfolio and this is mainly due to the contribution of the Cuban market, announced Amed Álvarez Tejo, national director of Sales and Marketing of Havana Club International S.A., at an end-of-year celebration with clients and collaborators in Havana. "The brand enjoys very good health despite the very adverse context, not only in Cuba, but also in export markets. In spite of that, in the last year, due to the foreign partner's sales plan running from July 2023 to June 2024, we saw growth of more than 8% at the international level," he detailed in statements to Prensa Latina and TTC. The director explained that the Cuban market consolidated its premiumization policy in recent months. "This is nothing more than continually improving the [...]

By |2025-01-06T13:40:04-04:0025 de December de 2024|Business, Outstanding news|Comments Off on A toast to Havana Club S.A., the fastest-growing brand in Pernod Ricard’s portfolio

Cruise ship industry is booming despite spate of high-seas deaths

Cruise ship industry is booming despite spate of high-seas deaths The cruise ship industry is poised for strong growth this year. nikolas_jkd – stock.adobe.com It’s full steam ahead for the cruise ship industry after Royal Caribbean hiked its full-year profit guidance on Thursday, saying it expects 60% growth from last year following record bookings during the first quarter. Travelers are paying “record ticket prices,” according to Royal Caribbean — despite a recent spate of high-sea deaths and missing passengers reports, including a Florida 20-year-old who jumped off a Royal Caribbean cruise this month. Soaring demand for vacations at sea has given cruise operators ample room to raise ticket prices as the industry looks to close the pricing gap between more expensive land-based holidays and give their profits a lift. Royal Caribbean, which operates the Celebrity Cruises, now expects annual profits of between $10.70 and $10.90 per share, compared with [...]

By |2024-12-17T11:06:56-04:0017 de December de 2024|Business|Comments Off on Cruise ship industry is booming despite spate of high-seas deaths

Regional travel boost

Regional travel boost Buoyed by new investment, rebranded LIAT 20 Airline is scheduled to begin direct flights between Jamaica and Antigua on December 20, further strengthening regional air connectivity and enhancing Caribbean governments’ quest to promote multi-destination tourism. According to CEO Hafsah Abdulsalam, the once-weekly service into Kingston will be price-competitive.  “For Jamaicans, it’s an exciting opportunity for the options that are now being made available to them. So we’re offering affordable flights… At least on a route-per-route basis, our commitment is to offer better rates than the competition,” Abdulsalam told the Jamaica Observer on Sunday. “We would like our Jamaican brothers and sisters to embrace LIAT, to try the product. I’m sure they would go back and advocate on our behalf ,” she said.  “At the moment we’ve got Trinidad and Guyana planned and we would expand that as we grow the market as well. So what we’re targeting is [...]

By |2024-12-17T10:58:23-04:0017 de December de 2024|Transportation|Comments Off on Regional travel boost

Mexico to impose tax for cruise ship visitors starting in 2025

Mexico to impose tax for cruise ship visitors starting in 2025 Jeff Greenberg/Universal Images Group via Getty Images Mexican officials may be rocking the boat with visitors by introducing a new tourist tax. A $42 immigration levy for every passenger on cruise ships that dock in Mexico was voted in by the country’s congress last week, The Associated Press reported. Stewart Chiron, a Miami-based cruise industry expert known as “The Cruise Guy,” told Fox News Digital that “the cruise industry and Mexico have enjoyed a very strong, beneficial relationship.” Chiron says cruises contribute to the country’s economy with jobs, spending, taxes and port fees. “Cruise lines, unlike hotels, are able to move their ships. I’m sure cruise industry executives are working to set up meetings to work toward an amicable solution,” Chiron added. “I would think cruise passengers would voice an opinion to skip Mexico in lieu of a [...]

By |2024-12-17T10:59:46-04:0017 de December de 2024|Business|Comments Off on Mexico to impose tax for cruise ship visitors starting in 2025

Cuba continues efforts to attract more tourists

Cuba continues efforts to attract more tourists Up to October 2024, Cuba received 2,490,770 travelers according to official figures from the National Office of Statistics and Information (ONEI). This figure is lower than the same period in 2023, giving way to worrying forecasts by several media outlets regarding the future of tourism in the country. The first ten months of 2024 saw 101,256 less people arrive than the number registered in the same period of the previous year. The number of international visitors dropped from 1,973,173 to 1,844,917, and from Canada, the main source of tourists to this Caribbean nation, from 748,977 to 727,261, according to an article published by Correo Canadiense. Of the source countries for vacationers to Cuba, only Russia and Mexico saw positive trends, with respective increases of 7 and 3.7 percent. In a recent communiqué, the Director of the Cuban Tourism Office in Toronto, Lessner Gómez, stressed [...]

By |2025-01-06T13:40:09-04:0017 de December de 2024|Outstanding news, Tourism|Comments Off on Cuba continues efforts to attract more tourists

Resonance Varadero: The perfect combination for vacations in Cuba

Resonance Varadero: The perfect combination for vacations in Cuba With a unique concept in the Caribbean, Blue Diamond’s new brand in Cuba has launched: Resonance Hotels. The proposal offers guests two contrasting experiences in the same resort: relaxation and partying; representing the perfect combination for vacations in the Caribbean island. As part of this project, Blue Diamond presented Resonance Varadero (formerly Memories Varadero) in Cuba’s top sun and beach destination, after having previously presented the new jewel of the chain’s portfolio in Cayo Santa María. Resonance Varadero, an all-inclusive resort for guests over 18 years of age, is one of the four resorts in the country where this new concept will be offered, as the Santa Lucía and Marea del Portillo beaches, in the respective eastern territories of Camagüey and Granma, will also inaugurate such facilities. Representatives of travel agencies, tour operators and specialized press visited the resort this weekend and [...]

By |2025-01-13T13:47:56-04:0016 de December de 2024|Outstanding news, Tourism|Comments Off on Resonance Varadero: The perfect combination for vacations in Cuba

Experience heritage with San Cristóbal Travel Agency

Experience heritage with San Cristóbal Travel Agency By Daily Pérez Guillén The San Cristóbal Travel Agency, which specializes in tourism in Cuba’s heritage cities, bids farewell to 2024 with novelties: it has a new website and is organizing the event “Leales al Patrimonio” (Loyal to Heritage) to be held in November next year. “You have to seek out initiatives, you have to create,” emphasized Antonio Guerrero, director of the agency, in an exchange with TTC regarding these announcements. “Creativity, the promotion of products, the quality of these products, not only visually, but also through our guides, through all those involved, that is what we at San Cristóbal are committed to working on.” At the Visitors’ Center located the Historic District, the agency’s executives presented the official web page: www.viajessancristobal.com; to tour operators, hotel chains, incoming travel agencies and the specialized press. The platform, developed by the Guajiritos SRL company, presents a [...]

By |2024-12-16T14:00:41-04:0016 de December de 2024|Outstanding news, Tourism|Comments Off on Experience heritage with San Cristóbal Travel Agency

The promise of a more connected Caribbean

The promise of a more connected Caribbean The Caribbean stands at a pivotal moment in its history. Its traditional vulnerabilities are exacerbated by growing geopolitical instability; the accelerating impacts of climate change; and the profound social, economic, and cultural shifts triggered by rapid technological innovation. As a collection of developing states, the region faces disproportionate risks that demand more than isolated or knee-jerk responses. These threats are nothing short of existential, and urgent collective action must be taken if the region is to build resilience and chart a From regional development meetings to town hall discussions, there is a clear consensus: We must move more decisively from talk to action to realise our immense promise. Yet too often we find ourselves separated by barriers that hinder our collective progress. The Issues We Face The challenges facing the Caribbean are well documented. Small island economies struggle with the volatility of global markets, [...]

By |2024-12-09T18:04:24-04:009 de December de 2024|Tourism|Comments Off on The promise of a more connected Caribbean

Nicaragua celebrates 500 years of founding of the city of Granada

Nicaragua celebrates 500 years of founding of the city of Granada Nicaragua celebrated the 500th anniversary of the founding of the city of Granada, the oldest in the country, with a series of cultural, gastronomic and artistic activities that brought together local families and visitors. Located on the shores of Lake Cocibolca, Granada, the oldest city in Nicaragua, was founded in 1524 by the Spanish. Known as "The Great Sultana", it is considered by historians as a jewel for its rich history, colonial architecture, natural landscapes and the idiosyncrasy of its people. The celebration began on the morning of Sunday, December 8, with a serenade in Plaza Xalteva. Attendees shared cake and participated in the preparation and tasting of the largest vigorón in the country, a typical dish of the city, on the emblematic La Calzada street. Likewise, a vibrant cultural parade was held. Folk groups from the department of Granada, [...]

By |2024-12-09T18:03:46-04:009 de December de 2024|Tourism|Comments Off on Nicaragua celebrates 500 years of founding of the city of Granada
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