Nicaraguan lags behind in tourism

Tourism in Central America is picking up the pace, but it Nicaragua seems to be lagging behind, more so when it comes to attracting investment.

Wednesday, August 27, 2008

The World Economic Forum, in its recent Travel & Tourism Competitiveness Index, ranked Nicaragua at number 99 in a list of 130 countries that attract capital and do business in the tourism sector.
Within Central America, Nicaragua is at last place as the other countries managed to top it because they have better conditions and infrastructure to drive tourism activity.
While the rest of Central America is making progress in the formulating and executing tourist projects, in Nicaragua discussion to start new initiatives and to improve the competitiveness of the country have been frozen, for years even.

More on this topic

Costa Rica: More Tourist Projects in Central Pacific

June 2015

A commercial and residential building and five apartment towers is what two companies plan to build in the form of a tourist resort in Punta Leona, on the Central Pacific coast.

Leumi Group has announced plans to build five apartment towers, both for holiday rentals and for sales.

$3 Million Tourism Development Project in Panama Announced

April 2009

Zcom Networks announced the acquisition of the Playa Paraíso Real Estate Development Project.

According to the press release issued by the company, the project will have 5 villas on the beach and 20 condominiums.
The total value is estimated at $ 1.5 million for the land and $2.5 million in construction, and it is hoped that it will generate sales of nearly $6 million, for a return on investment of 179%.

Gran luxury resort on Nicaraguan beach announced

October 2008

Grupo Mariana announced the construction of a residential and tourist complex with 1350 units in Nicaragua.

According to the company, the resort, called Seaside Mariana Spa & Golf Resort, will be located near San Rafael del Sur, one hour from Managua, and will have 1350 units spread over an area of 923 acres.

Tax incentives foster tourism development in Panama

August 2008

Law #8 promotes tourism activities in the country by offering tax relief on imports, real estate and capital investments, to name a few.

A report by the Panama Tourism Institute (IPAT) reveals that 12 investment projects totaling $92.5 million have been approved.
This will be the last year in which capital investment projects can benefit from Law 8, a measure designed to foster investment in the country's interior, Carl-Fredrik Nordström, Assistant Manager of IPAT, pointed out.

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