Year: 2016 | Country: Dominican Republic
The objective of the consultancy was to analyze the degree of temporary and / or permanent economic damage to the businesses located in the streets intervened by the Program named “Promotion of Tourism in the Colonial City of Santo Domingo”, executed by the Government of the Dominican Republic, through the Ministry of Tourism (MITUR) and with support from the Inter-American Development Bank (IDB).
In order to meet these objectives, a comparative analysis was carried out between the costs generated to the businesses during the closing of streets by the remodeling works and the economic benefits that have been produced and will be generated in the next years as a consequence of the increase in the arrival of visitors and tourists to the Colonial City. The costs generated by the remodeling works were calculated from the information obtained through a survey applied to those responsible for all businesses located on the streets operated by the Program (86% response rate). The benefits were estimated from the increase in tourist spending in the Colonial City, generated by the increase in the number of tourists due to an improved tourist offer. Subsequently, an economic and financial evaluation was made of the impact of the remodeling works for the different types of business.
Key words: Cities – Evaluation – IDB – Surveys