Up until May incentives have been authorized for 22 tourism investment projects, including the construction of the airport in Costa Esmeralda, for $12 million.
Tourism growth and incentives granted to investment projects in the tourism sector are boosting investment in the country, which, according to estimates by the Nicaraguan Institute of Tourism, will amount to $400 million in the year.
Costa Rican businesses point to lack of integrity in the draft Tourism Act, which has already spent five years getting bogged down in Congress.
"Now the Special Standing Committee Tourism in the Legislative Assembly is rescuing and debating the plan, amid the clamor for profound changes and more analysis made by the business sector," noted an article in Elfinancierocr.com.
The Ministry of Tourism is discussing with private companies and a group of consultants draft amendments to the existing Law on Tourism.
According to Jose Napoleon Duarte, chief of tourism, what they are looking for is a legal framework consistent with the current reality of tourism, integrating unions, tour operators, transportation companies, universities, and other stakeholders. "The current law is good but it can be improved further. Its reform will further strengthen and integrate the industry (tourism), which continues to show growth," the official said.
The project, to be presented to the National Assembly in early 2012, aims to promote tourism within the country.
The Minister of the Panamanian Tourism Authority of (ATP in Spanish), Solomon Shama said that "the objective is to increase the amount of investments and grant subsidies to tour operators or receptors, whose only business is promoting tourism in this part of the country, where there are attractions. "
A new approved law sets measures for fostering and promoting tourism in the country's east.
Introduced by representative Hernán Delgado, it will allow tourism consortiums from Spain, U.S., Dominican Republic, Venezuela, Panama and other nations to invest in the area spanning from the estuary of river Bayano to the Province of Darién.
Costa Rica is first in Latin America with an index of 4.60. Panama is at 4.28, Guatemala 4.00, El Salvador 3.90, Honduras 3.78, Nicaragua 3.76.
This cross-country analysis of the drivers of competitiveness in travel and tourism provides useful comparative information for making business decisions and additional value to governments wishing to improve their travel and tourism environments.
The government sent to Congress the General Law of Tourism Act and the Foster Tourism in Rural Communities Act.
Among others provisions, tourism will be declared to be in the "national interest," a National Registry of Tourism will be created where businesses with activities in this sector will be recorded, and the "rights and obligations of tourists" will be established.
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