Dominican Republic leads the way
The Dominican Republic has Latin America's highest tourism receipts per GDP. According to the Latin Business Chronicle (LBC), 11.1% of the country's GDP comes from tourism. Costa Rica with 7.5% and Panama with 6.0% are two other countries with high tourism revenues. The report by LBC reveals that Panama has experienced the largest increase in tourist visitors while Uruguay had the largest increase in revenues derived from tourism. The LBC report indicates that Latin America received a record total of 68.6 million international arrivals last year, an increase of 2.9% since 2006.
West Indies Real Estate makes a considerable proportion of its sales to buyers who are either buying second homes purely for their own use or to those who want a combined holiday home and rental property, some with a view to future retirement in the Dominican Republic.