The TRUTH About Short Term Rental Investing in Dominican Republic

Summary

The Dominican Republic's short-term rental market shows a decline in hotel occupancy post-pandemic (from 92% to 72%), but this presents an opportunity. Despite a slight overall drop in the percentage of tourists staying in hotels, the sheer volume of tourists (11 million in 2023) still leads to a significant number of hotel guests. While La Altagracia has a market score of 78 with a 41% occupancy rate, other areas like Spring Hill in Florida have higher scores and occupancy (92 and 57% respectively). Successful STR investment in the DR requires a professional approach, finding unique 'blue ocean' opportunities rather than competing in saturated markets, and carefully analyzing property data.