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Rental income will be guaranteed. This return is possible since tourism in the area is growing dramatically. The World Tourism Organisation's Barometer measured an increase in tourism for the country of around 7-10% in the first half of 2004, with some statistics quoting 13% over the year as a whole. Against a backdrop of lower worldwide tourism arrivals during 2003, the Dominican Republic was a star performer. According to the Central Bank of the Dominican Republic and the National Hotel and Restaurant Association (Asonahores), during this period the Dominican Republic attracted approximately 2.76 million foreigners, a 19.48% increase over 2002 and a 12.16% increase over 2000. |
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Additionally, the Punta Cana/Bavaro area has rapidly become the fastest growing destination in the region. The Punta Cana International Airport received just under 50% of all foreign tourists. This airport receives not only hundreds of charter flights per week from all over the world, but also an increasing number of scheduled flights from world cities such as New York, Paris, Madrid, Frankfurt, Miami, Chicago, Philadelphia, Toronto, Montreal, San Juan, Charlottesville, among others. |
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During the high season there are approximately 300 weekly flights to Punta Cana. Hotel occupancy was up by 10% from 2002, reaching 84.2% in the Punta Cana/Bavaro area, furthermore, figures for the January-August 2004 period show 86.6% average occupancy in this region. |