Hotel sector urges caution on Tax Reform to preserve tourism growth

Cap Cana.- As anticipation builds around a potential tax reform aimed at boosting state revenues, the hotel sector in the Dominican Republic remains vigilant. Industry leaders hope to preserve current tax conditions that have spurred private investment and contributed significantly to tourism growth.

Jorge Subero Medina, CEO of Cap Cana, emphasized the need for consensus on tax reform without harming the tourism sector. He highlighted that the existing incentives have been crucial in attracting visitors, with projections of over 11 million arrivals by the end of 2024. Subero also stressed the importance of regulating Airbnb services as part of the tax reform, noting that such regulation is a global standard and necessary for maintaining high-quality tourism.

Subero called for adaptation to current realities to ensure that the Dominican Republic continues to offer high-quality, luxury tourism experiences.