November 22, 2024
ADETI: Real estate tourism is strengthened in the Dominican Republic with investment of more than US$10 billion - Tourism news
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Real estate tourism is constantly evolving in the country, with large projects requiring a lot of investment, according to the Dominican Association of Real Estate Tourism Companies (ADETI).

Today, between 65 and 70% of the projects in the sector are real estate tourism, with 10% of a mixed nature, that is, including hotels.

According to the executive director of the entity, Michael Lugo Riskthere are about 6 thousand new rooms for this 2024, only in members of the association, which brings together about 15 tourist real estate companies.

He indicated that infrastructure investments exceed 10 billion dollars, plus remodeling projects.

On the goal of the tourism sector to be sustainable, the president of the entity, Eduardo Readsaid that ADETI is “100%” supporting the “green tourism” initiative, so that the activity impacts with the least possible emissions.

He said that this is being achieved through the use of electric vehicles and the production of solar energy.

“It is a change of culture, there are projects that are more than 50 years old, and for them it is difficult to change… large extensions of 30 and 40 million square meters, but little by little we are taking steps,” he said.

He criticized that in many cases there is talk of constructions in some destinations considering them real estate that they are not, nor do they meet the characteristics to do so.

“They call everything that is apartments real estate tourism, but they don’t have a master plan,” he said.

He said that in the case of ADETI, they do not allow construction without a treatment plant and an ecological criterion, according to Acento.

“Buildings with 8 or 14, 20 apartments that are built without ecological criteria, without sustainability, but simply to sell them,” he said.



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