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Citizenship offered as investment incentive for eco-tour segment in Dominica

The Government of Dominica indicates that the island is re-positioning as an ecotourism destination, noting that several eco-conscious luxury resorts have opened on the island and more are coming.

The new developments, it was indicated in a release this week, are being financed by foreign investors seeking alternative opportunities and who are also being offered Dominican citizenship in return. Dominica operates a Citizenship by Investment (CBI) Programme.

The government release cited a PricewaterhouseCoopers (PwC) report  which says that the CBI-funded resort sector is estimated to bring between US$32.4 and US$52.6 million in tourism spending every year at an average 61 per cent occupancy capacity rate.

 PricewaterhouseCoopers says that the CBI-funded resort sector is estimated to bring between US$32.4 and US$52.6 million.

PwC said CBI hotels will increase spending to approximately US$150 per night for every tourist seeking high-end accommodation, which is the expectation from eco-tour operations classified as five-star.

The government of Dominica says CBI-funded hotels will increase Dominica’s room stock by at least 628 luxury and eco-conscious rooms, suites, villas and more.

Opportunities for the  local population, it was outlined, lay in providing visitors with tourism-related services and local produce, from specialized rums and handmade soaps, to fresh fruit and vegetables from the farmers markets.