Projected Occupancy Rates

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LOE group has actively collected market research from a variety of credible resources for the last year, with a direct focus on the economic indicators that will benefit our resort development and its owners within. As a part of this data collection through Q3 of 2017 and Q1 2018 the occupancy rates are at a 15 year high as measured by three independent resources and the tourism office of Dominican Republic. The office of tourism for the Dominican republic has recently reported that they are projecting an occupancy rate this year of 87.4%, which is outstanding. This projected rate is for the entire island, which acknowledges that most of the resorts, hotels and rentable rooms are on the north and south coasts as well as the two larges cities. This data also takes in consideration that over 5,500 new rooms came on-line in 2017. Today there is still a shortage of rooms based on the current and projected landings at airports and the rise in tourism for the last few years. By comparison to other island destinations in the Caribbean, The Dominican Republic is the number one destination since 2005 as reported by The Word Bank. All great news for the development and owners. Active demand for resort style rentable rooms, villas and apartments is exactly what indicators are needed for our planed resort to be successful for all of us.