Mastercard reports that DR is one of the top 10 trending destinations for the summer of 2024.
The Mastercard Economics Institute has released their latest report that reveals the most influential travel patterns for 2024, with Oranjestad, Aruba, and Punta Cana, Dominican Republic, being among the most popular destinations for American vacationers this summer.
The Mastercard Economics Institute’s ‘Travel Trends 2024’ report provides key insights for investors. The two most popular destinations for American travelers during June to August 2024 are Oranjestad, Aruba (second), and Punta Cana, Dominican Republic (fiveth). The eighth most popular destination for Latin Americans is Punta Cana.
The tourism industry is experiencing a boom, with consumer spending on travel increasing and the average vacation time extending from 4.5 to 5.5 days globally. Longer stays are being driven by affordability and favorable climates in the Caribbean, which is benefiting local economies.
Q1 2024 saw a record 15.9 million Americans travel internationally, along with a shift toward prioritizing experiences over material goods. The cruise industry is also experiencing pre-pandemic demand levels. Strong, sustained growth and opportunities in the travel and tourism sectors are a result of these trends.