<Tr> <Th> Time zone </Th> <Td> Atlantic (UTC − 4) </Td> </Tr> <Tr> <Th> Area code (s) </Th> <Td> 809, 829, and 849 </Td> </Tr> <P> Punta Cana is a resort town within the Punta Cana - Bávaro - Veron - Macao municipal district, in the municipality of Higüey, in La Altagracia Province, the easternmost province of the Dominican Republic . The area has beaches and balnearios which face both the Caribbean Sea and the Atlantic Ocean, and it has been a popular tourist destination . </P> <P> The Punta Cana area has an estimated population of 50,000, with an annual growth rate of 6% . To the north, it borders the village and beach of Cabeza de Toro, and the Bávaro and El Cortecito beaches . The nearest city, the 500 - year - old Higüey, is 45 kilometres (28 mi) away, which takes about an hour to reach by car . European entrepreneurs, particularly Spanish hotel chains, own all but two of the over 50 megaresorts at the Punta Cana tourism destination . </P>

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