Dominican

The Ministry of Tourism of the Dominican Republic Held Tourism Tradeshow in Miami for Partners Across the Americas

Retrieved on: 
Friday, April 5, 2024
Wedding, Road show, Banco Popular Dominicano, JetBlue, Culture, Northstar Travel Group, Dominican, Travel, Air Canada, Travel + Leisure, Ministry, Tourism

MIAMI, April 5, 2024 /PRNewswire/ -- The Ministry of Tourism of the Dominican Republic made its triumphant return to Miami, FL this week with its DR Tourism Tradeshow. The event, which took place on April 3 at the JW Marriott Marquis, showcased the undeniable charm of the Dominican Republic and its adventure offerings, further establishing its position as a premier tourist destination.

Key Points: 
  • MIAMI, April 5, 2024 /PRNewswire/ -- The Ministry of Tourism of the Dominican Republic made its triumphant return to Miami, FL this week with its DR Tourism Tradeshow.
  • The American market represents 85 out of every 100 airline arrivals to the Dominican Republic and has been instrumental in post-pandemic growth.
  • In its second edition, the Dominican Republic Tradeshow, organized by the Ministry of Tourism, served as a platform to promote tourism, conduct business, and elevate the country's profile among industry leaders and a diverse audience of travelers.
  • For more information about Tourism in the Dominican Republic, visit https://www.godominicanrepublic.com/ .

Latin America Emerges as Hotspot for Data Center Development, the Latin America Data Center Construction Market to Hit $2.32 Billion by 2029 - Arizton

Retrieved on: 
Wednesday, April 3, 2024
Microsoft, Consumer, Growth, Dominican, Internet of things, Digitalization, Social media, IBM, AWS, City, Investment, 451 Group, Compound annual growth rate, Tier, Huawei, Report, Equinix, Retail

In May 2023, Scala Data Centers opened the SGRUTB05 data center in the Tamboré campus in Barueri City, São Paulo, Brazil.

Key Points: 
  • In May 2023, Scala Data Centers opened the SGRUTB05 data center in the Tamboré campus in Barueri City, São Paulo, Brazil.
  • The Latin America Data Center Construction Market Report Encompasses Crucial Data, including:
    CAGR (Compound Annual Growth Rate) during the forecast period: This metric provides insights into the annual growth rate of the Latin America data center construction market over the specified time frame.
  • Precise estimation of market size: Accurate assessments of the Latin America data center construction market size and its contribution, focusing on key market segments.
  • Geographical market growth: The report covers the development of the Latin America data center construction market.

Latin America Emerges as Hotspot for Data Center Development, the Latin America Data Center Construction Market to Hit $2.32 Billion by 2029 - Arizton

Retrieved on: 
Wednesday, April 3, 2024
Microsoft, Consumer, Growth, Dominican, Internet of things, Digitalization, Social media, IBM, AWS, City, Investment, 451 Group, Compound annual growth rate, Tier, Huawei, Report, Equinix, Retail

In May 2023, Scala Data Centers opened the SGRUTB05 data center in the Tamboré campus in Barueri City, São Paulo, Brazil.

Key Points: 
  • In May 2023, Scala Data Centers opened the SGRUTB05 data center in the Tamboré campus in Barueri City, São Paulo, Brazil.
  • The Latin America Data Center Construction Market Report Encompasses Crucial Data, including:
    CAGR (Compound Annual Growth Rate) during the forecast period: This metric provides insights into the annual growth rate of the Latin America data center construction market over the specified time frame.
  • Precise estimation of market size: Accurate assessments of the Latin America data center construction market size and its contribution, focusing on key market segments.
  • Geographical market growth: The report covers the development of the Latin America data center construction market.

Ministry of Tourism of the Dominican Republic Comes Back to Miami with Its Second Edition Tradeshow

Retrieved on: 
Friday, March 29, 2024
Dominican, Tourism, Element, Ministry, Trade fair, Country

MIAMI, March 29, 2024 /PRNewswire/ -- The Ministry of Tourism of the Dominican Republic has announced the return of its D.R. Tourism Tradeshow in Miami, FL. Scheduled for April 3 at the JW Marriott Marquis, the Tradeshow is set to showcase the Dominican Republic's undeniable allure and adventurous offerings, further establishing its position as a premier tourist destination.

Key Points: 
  • Now in its second year and hosted by Minister David Collado Morales, Minister of Tourism of the Dominican Republic, the D.R.
  • Tourism Tradeshow serves as a platform to promote and position the country to leaders in the tourism industry and a broad audience of travelers.
  • "The Dominican Republic Tradeshow is an event meant to bring together tourism leaders and world travelers intrigued by the offerings and splendor of the Dominican Republic," said David Collado Morales, Minister of Tourism of the Dominican Republic.
  • For more information about the Tourism of the Dominican Republic, please visit https://www.godominicanrepublic.com/ .

DP World Champions Global Logistics, Successfully Delivers Monorail Cars to Dominican Republic

Retrieved on: 
Thursday, February 22, 2024
Rail, Maritime, Logistics, Supply Chain Management, Transport, Public Transport, London Gateway, Alstom, Album-equivalent unit, Atlantic Ocean, Growth, Leg, Atlantic Gateway, Dominican, DP World, Congestion, City, DP, Port, Movement, CMA, Intermodal freight transport

Demonstrating its prowess in the global logistics sector, DP World has successfully coordinated the delivery of four monorail cars from the United Kingdom (UK) that will serve as critical pieces of an advanced public transportation project in Santo Domingo, Dominican Republic.

Key Points: 
  • Demonstrating its prowess in the global logistics sector, DP World has successfully coordinated the delivery of four monorail cars from the United Kingdom (UK) that will serve as critical pieces of an advanced public transportation project in Santo Domingo, Dominican Republic.
  • The monorail cars, which were produced by Alstom in the UK, began their journey to the Caribbean from DP World’s London Gateway Port.
  • This presented unique challenges that were expertly navigated by each DP World team around the globe as the cars made their journey.
  • “This efficiency underscores DP World's commitment to providing streamlined, cost-effective logistic solutions that support the growth and sustainability of global trade.”

Carnival Corporation Unveils New Solar Park at Amber Cove Port in Dominican Republic

Retrieved on: 
Friday, March 8, 2024
Carnival Cruise Line, Culture, Princess Cruises, America Line, Government, Dominican, Carnival Corporation & plc, Tree, Heart, Holland America Line, Solar energy, CCL, Beauty, Tourism

MIAMI, March 8, 2024 /PRNewswire/ -- Underscoring its commitment to sustainability, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, today unveiled a new solar park at its Amber Cove Cruise Center in the Dominican Republic.

Key Points: 
  • MIAMI, March 8, 2024 /PRNewswire/ -- Underscoring its commitment to sustainability, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, today unveiled a new solar park at its Amber Cove Cruise Center in the Dominican Republic.
  • Carnival Corporation, Carnival Cruise Line and Amber Cove Cruise Center celebrated with a ribbon cutting that was attended by government, industry and community leaders, including Joel Santos, minister of the presidency of the Dominican Republic, and Christine Duffy, president of Carnival Cruise Line.
  • "With this new solar park in Amber Cove, we are furthering our commitment to sustainability at our destinations by focusing on renewable energy sources to power the vast majority of the port's needs."
  • Located in the heart of the Dominican Republic's north coast just outside the historical town of Puerto Plata, Amber Cove Cruise Center is one of eight leading port destinations and exclusive islands owned and operated by Carnival Corporation.

Why are manufacturing companies moving to the Dominican Republic?

Retrieved on: 
Wednesday, December 20, 2023
Fresenius (company), Cardinal Health, Dominican, MICM, Outsourcing, Electronics, Rockwell Automation, Commerce, Heart, Jabil, Stoma, Ministry, Traction, Investment, Convatec, Airline

SANTO DOMINGO, Dominican Republic, Dec. 20, 2023 (GLOBE NEWSWIRE) -- In a bold strategy that has revolutionized the international investment landscape, a growing number of free zone companies are making the Dominican Republic their top choice, relocating their businesses, as well as their production plants.

Key Points: 
  • SANTO DOMINGO, Dominican Republic, Dec. 20, 2023 (GLOBE NEWSWIRE) -- In a bold strategy that has revolutionized the international investment landscape, a growing number of free zone companies are making the Dominican Republic their top choice, relocating their businesses, as well as their production plants.
  • This robust tax exemption framework, under Law 8-90, grants complete exemptions, amounting to 100% for nearly all national and local taxes.
  • Companies enjoy no logistical complications thanks to the proximity to key markets in the United States and Europe.
  • The Dominican Republic's nearshoring success stories span across various industries, with several multinational companies choosing to move their operations to the country.

DP World Announces Start of Air Cargo Hub Operations in Punta Cana

Retrieved on: 
Thursday, November 30, 2023
Supply Chain Management, Retail, Air, Transport, Logistics, Other Transport, Seafood, Vegetable, Punta Cana International Airport, Public sector, PUJ, DP World, DP, Atmosphere, Aircraft, Airline, Dominican, Punta Caucedo

DP World, a global leader in end-to-end supply chain solutions, announces its first export operations at its new air cargo logistics hub in Punta Cana, Dominican Republic.

Key Points: 
  • DP World, a global leader in end-to-end supply chain solutions, announces its first export operations at its new air cargo logistics hub in Punta Cana, Dominican Republic.
  • The Punta Cana Air Cargo Hub was created through a joint effort between DP World and the Punta Cana Free Trade Zone (PCFTZ), a subsidiary of prominent Dominican business group Grupo Puntacana.
  • DP World is currently transitioning operations to the new facilities; by the end of this year, all air cargo operations in and out of will be centralized through this hub.
  • DP World began operations in the Dominican Republic in 2003 at its port facility at the Punta Caucedo peninsula.

MARRIOTT INTERNATIONAL REDEFINES THE LUXURY HOSPITALITY LANDSCAPE WITH A STRONG PIPELINE OF ONE-OF-A-KIND HOTELS & RESORTS SET TO DEBUT IN 2024

Retrieved on: 
Thursday, December 7, 2023
W, Marriott International, Senior, Safari lodge, Le Méridien New Orleans, The Ritz-Carlton Hotel Company, Jeddah Corniche, Longboat Key, Florida, Riviera Maya, Luxury, Travel, St. Regis Chicago, Pacific Northwest, Materiality, Female, Jeddah, Growth, Culture, Partnership, Life, Papagayo Peninsula, Kanai, Dominican, Annual report, Nature, 500th, Bulgari, Risk, Hotel, Tourism, JW Marriott Hotels, W Hotels

CANNES, France, Dec. 7, 2023 /PRNewswire/ -- From International Luxury Travel Market (ILTM) Cannes, Marriott International, Inc. announces its milestone 500th luxury hotel opening, bolstering its position as a leader in luxury. Featuring an unrivaled portfolio of luxury hotel brands, The Ritz-Carlton, St. Regis Hotels & Resorts, W Hotels, The Luxury Collection, EDITION, JW Marriott and Bulgari Hotels & Resorts, Marriott confidently pushes the boundaries of experiential travel reimagining the future of luxury and offering the limitless and transformational power of cultural discovery.

Key Points: 
  • CANNES, France, Dec. 7, 2023 /PRNewswire/ -- From International Luxury Travel Market (ILTM) Cannes, Marriott International, Inc. announces its milestone 500th luxury hotel opening, bolstering its position as a leader in luxury.
  • Featuring an unrivaled portfolio of luxury hotel brands, The Ritz-Carlton, St. Regis Hotels & Resorts, W Hotels, The Luxury Collection, EDITION, JW Marriott and Bulgari Hotels & Resorts, Marriott confidently pushes the boundaries of experiential travel reimagining the future of luxury and offering the limitless and transformational power of cultural discovery.
  • Over 200 luxury hotels and resorts across Marriott's luxury portfolio are in the global development pipeline, including 24 properties expected to open in 2024.
  • "Our luxury portfolio is complemented by truly exceptional guest experiences, allowing us to set the standard for the future of indulgent travel, while continuously innovating and blazing new trails.

UFP Technologies Announces Strong Q3 2023 Results

Retrieved on: 
Wednesday, November 1, 2023
Adjustment, Sale, UFP Technologies, Dominican Republic, Bailly, SG, Medicine, EBITDA, News, GAAP, Acquisition, UFP, Growth, Dominican, Hyperaccumulators table – 3, Investment, COVID-19, Video game, Q3

Adjusted net income increased 44.4% to $35.8 million for the nine-month period ended September 30, 2023 from $24.8 million in the same period of 2022.

Key Points: 
  • Adjusted net income increased 44.4% to $35.8 million for the nine-month period ended September 30, 2023 from $24.8 million in the same period of 2022.
  • Sales for the nine-month period ended September 30, 2023 were $298.6 million compared to sales of $262.6 million in the same period in 2022.
  • “I am pleased with our Q3 results and progress on our growth initiatives, particularly our expansion plans in our low-cost country facilities,” said R. Jeffrey Bailly, Chairman & CEO.
  • Adjusted EBITDA increased to $60.2 million for the nine-month period ended September 30, 2023 from $44.9 million in the same period of 2022.