Macro Term Paper (final) - Universidad Iberoamericana UNIBE...

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Universidad Iberoamericana UNIBE BBA in International Business Macroeconomics Professor Pamela Suero Final Paper Azor Hazoury (10-1192) Joaquin Castillo (10-0085) María G. Liriano (09-0881) Joaquin Rivas (10-0966) Valerie Bodden K. (10-0014) April 13, 2011
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Page 2 Santo Domingo, Dominican Republic
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Page 3 TABLE OF CONTENTS PAGE NUMBER
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Page 4 TAKING ADVANTAGE OF THE SITUATION As expressed by the Office of Human Development “tourism: if it doesn’t innovate or modify, it goes extinct”. Tourism in the Dominican Republic has taken a giant leap in the last 20 years and has provided a fundamental contribution to the national economy, contributing to the generation of jobs and infrastructure. Tourism has also contributed to the geographic decentralization of economic growth, diversifying activities and occupations. It has helped the agricultural sector, craft and subcontractors and also internationalizes the country’s culture and values. The Chart below shows the amount of tourist entering the Dominican Republic via Airports: At the same time, the development of tourism has become so disorganized and hastily, without adequate regulatory framework and without meeting the standards established especially in environmental and land use. The only sector that has been growing in the last 15 years has been Punta Cana, and it already reached its full potential. Also, we have seen violations of densities, building hotels without availability of infrastructure services, violation of territorial planning, hotel construction over wetlands and mangroves, coral destruction, violations of regulations on the height of the hotels, management inadequate sewage privatization of beaches, erosion caused by illegal constructions and jetties, among others.
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Page 5 As we can see in the chart below, even tough we have a lot of tourist coming to the Dominican Republic; the growth rate in the tourism sector has been decreasing remarkably. Growth Rate of Some of the Variables in the Tourism Sector (1991-2003) Source: ODH/PNUD Periods Quantity of daily tourists Income in the “balanza de pagos” originated by tourism (US$) Daily spending per tourist (US$ nominal) Daily spending per tourist (US$ constant) Daily spending per room, adjusted by occupation (US$ constant) 1991-1997 10.0 11.3 4.9 1.8 -0.7 1997-2003 6.1 4.6 1.1 -1.1 -1.2
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Page 6
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Page 7 The factors that have deteriorated the dynamic in the daily income per tourist and per hotel room are: The dominance of tour operators Stereotyped touristic image (sand, sea and sun) Lack of diversification Lack of governmental regulations Deterioration of the environment around destinations
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Page 8 In the chart below we can see the real productiveness of the tourism in recent years, due to the immense use of tour operators and other factors the real amount that the nation benefit from it its been quite low. The growth experienced by the sector and its contribution to foreign exchange earnings
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Macro Term Paper (final) - Universidad Iberoamericana UNIBE...

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