Infrastructure promoting Sustainable Tourism Development

Sustainable tourism

Photo by Shutterstock

Back to Search
Infrastructure promoting Sustainable Tourism Development
Infrastructure promoting Sustainable Tourism Development
Select for Comparison
SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Infrastructure
Infrastructure
Business Model Description

Establish and operate tourism services integrating sustainable and gender-responsive practices along with projects that close the infrastructure gap and increase availability of basic services in touristic areas for the development of sustainable, community-based and ecological tourism.

Expected Impact

Investment in sustainable tourism infrastructure will enhance environmental conservation, employment generation and cultural empowerment.

How is this information gathered?
Updated: 5 Jan, 2024 Date of Production: 7 Sep, 2023
Dominican Republic
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
5% - 10% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
USD 100 million - USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Sustainable Cities and Communities (SDG 11) Decent Work and Economic Growth (SDG 8)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Industry, Innovation and Infrastructure (SDG 9) Responsible Consumption and Production (SDG 12)

Expand all

Print

Sector Sources
  • 1) WEF, 2019. The Global Competitiveness Report 2019: https://www.weforum.org/reports/how-to-end-a-decade-of-lost-productivity-growth/?DAG=3&gclid=CjwKCAjwrranBhAEEiwAzbhNtQLtqatLOGe5D2X8Wqg3FbaHiq1hAezZfeg-pUSfUsTRHIH3IANTshoCqNIQAvD_BwE 2) National Multiannual Public Sector Plan 2021–2024. https://mepyd.gob.do/publicaciones/plan-nacional-plurianual-del-sector-publico-2021-2024/ 3) UNOPS. 2018. Género e infraestructura: más mujeres en el sector de la ingeniería. https://www.unops.org/es/news-and-stories/insights/gender-and-infrastructure-can-we-get-more-women-into-engineering 4) MEPYD, 2023. Equity and territorial development gaps: Dominican Republic 2021. https://mepyd.gob.do/publicaciones/equidad-y-brechas-territoriales-de-desarrollo-rep-dom-2021 5 ) Law 1-12 National Development Strategy 2030. https://mepyd.gob.do/estrategia-nacional-de-desarrollo-2030/ 6) JOY 2010. Women in infrastructure works: promoting gender equality and rural development. https://www.ilo.org/wcmsp5/groups/public/---ed_emp/documents/publication/wcms_176254.pdf 7) UNDP, 2019. In DR persist the inequalities, according to the Human Development Report 2019. https://www.undp.org/es/dominican-republic/news/en-rd-persisten-las-desigualdades-seg%C3%BAn-informe-de-desarrollo-humano-2019 8) MEPYD & IDB, 2020. National Infrastructure Plan 2020-2030. https://mepyd.gob.do/publicaciones/Plan-nacional-de-infraestructura-2020-2030/
IOA Sources
  • 9) BCRD, 2023. Dominican Economy Report 2022. https://www.bancentral.gov.do/Publicaciones/Consulta 10) Statista, 2023. Travel & Tourism – Dominican Republic. https://www.statista.com/outlook/mmo/travel-tourism/dominican-republic 11) ONE, 2023. Sectorial Statistic Report - https://www.one.gob.do/media/sbkdtbjf/boleti-n-de-estadi-sticas-macroecono-micas-y-sectoriales-2.pdf 12) Caraballo, J,, 2022. David Collado: DR needs 30,000 new hotel rooms to be more competitive. https://www.diariolibre.com/economia/turismo/2022/03/31/cuantas-habitaciones-hoteleras-necesita-rd/1739651 13) Caraballo, J., 2022. More than US$34.330 million would be invested in the Dominican tourism sector. https://www.diariolibre.com/economia/turismo/2022/06/04/mas-de-us34330-millones-invertirian-en-turismo-dominicano/1868481 14) Hosteltur, 2023. Dominican Republic aspires to 9 M international tourists in 2023. https://www.hosteltur.com/155041_republica-dominicana-aspira-a-los-9-m-de-turistas-internacionales-en-2023.html 15) ProDominicana Data Market. https://datamarket.prodominicana.gob.do/InversionExterno 16) Restrepo-Cadavud, P. et al., 2022. Paving the way for prosperous cities and territories: urbanization and territorial development review of the Dominican Republic. https://documents1.worldbank.org/curated/en/099630005252237339/pdf/P1727150e505db0590a27a07b39af785478.pdf?cid=lac_tt_wblac_es_ext 17) Decree No 269-15 National Policy for Climate Change. https://cambioclimatico.gob.do/phocadownload/SobreNosotros/MarcoLegal/DECRETO%20269-15%20POLITICA%20NACIONAL%20DE%20CAMBIO%20CLIMATICO.pdf 18) UNOPS, 2020. The infrastructure at the service of gender equality gender equality and empowerment women's empowerment. https://content.unops.org/publications/UNOPS-Infrastructure-for-Gender-Equality-and-the-Empowerment-of-women_ES.pdf 19) Tejeda, Ed. Et al., 2022. Fighting against the tide: A Study on Human Trafficking in Eleven Municipalities in the Dominican Republic in eleven municipalities in the Dominican Republic. https://pciudadana.org/wp-content/uploads/2022/03/Estudio_final_sobre_trata_de_personas.pdf 20) ONE, 2021. Environmental spending per year, as a proportion of total public spending and GDP 2001-2021. https://www.one.gob.do/datos-y-estadisticas/temas/estadisticas-ambientales/proteccion-gestion-y-participacion-o-accion-ambiental/ 21) MEPyD. Estrategia Nacional de Desarrollo 2030. https://mepyd.gob.do/estrategia-nacional-de-desarrollo-2030/ 22) Decree 724-20 which established the ProPedernales escrow fund. https://presidencia.gob.do/decretos/724-20 23) Tourism Law https://colegiodeabogados.org.do/index.php/bibliojuris/leyes-y-decretos/turistica-financiera-y-empresarial/1082-ley-541-organica-de-turismo-de-la-republica-dominicana-pdf/file 24) Law 64-00 which created the secretary of state for the environment and natural resources https://mem.gob.do/wp-content/uploads/2019/01/Ley-No.-64-00-que-crea-la-Secretaria-de-Estado-de-Medio-Ambiente-y-Recursos-Naturales.pdf 25) Law on the Promotion of Tourism Development for Poles of Scarce Development and New Poles in provinces and localities of great potential. https://dgii.gov.do/legislacion/leyesTributarias/Documents/Leyes%20de%20Incentivos%20y%20Fomentos/195-13.pdf 26) Law No. 16-95 on Foreign Investment. https://prodominicana.gob.do/wp/wp-content/themes/ceird/ceirdpdf/Ley-16-95-sobre-Inversion-Extranjera.pdf 27) JICA, 2020. Survey on Community Based Tourism Market in Thailand. https://www.jica.go.jp/Resource/project/thailand/025/materials/ku57pq00003u68o4-att/survey_202003.pdf 28) Sustainable Tourism Enterprises and their Potential Economic, Social and Environmental Impacts: Eco Adventure Hotel and Dominican Tree House Village. https://bvearmb.do/bitstream/handle/123456789/1654/Impacto%20economico%20turismo%20sostenible_WEB.pdf?sequence=1 " 29) UNDP, 2023. Catalog of Promising Practices. https://www.undp.org/es/dominican-republic/publicaciones/catalogo-de-practicas-prometedoras