China Belt & Road Intitiative

I wonder how the slight and perhaps longer term depreciation of the Yuan today will impact DR?

Currently DR is a net importer of products from China so goods will be cheaper, but the longer term aim is for greater investment by China in DR through the Belt and Road initiative and a number of projects are planned as well as stated increased imports. Recently we heard of plans to invest in the mountain towns and not to forget outline plans by Fosun to build 11,000 rooms between Uvero Alto and Miches.....which would represent a 15% increase in East Coast rooms. China seems serious about tourism here, and why not in that it is only going to be the same length flight time that many take from Europe to Asia for vacations, added to plans to work with Panama and Colombia as a clolective tourist destination.

But currency changes do have impacts. But you can take the risk out of the equation if the tour company is Chinese operating Chinese hotels! Remember Club Med is now owned by Fosun and the brand is catching on huge time in China itself and the company is committed to buy into Thomas Cook, the oldest UK established travel agent as a majority shareholder.

Of course if the USA decides to devalue too to address trading issues, perhaps American offshore tourism declines too.

Diversification of your ideal tourist profile is important and the evets of this year to date prove this.

Final point, did you read that Dominicans living abroad spend much more per head when visiting DR than the foreign tourist.  https://listindiario.com/economia/2019/ … extranjero