Crisis Overwhelms Tourism

The union has reported that five months after the outbreak of the social and political crisis in Nicaragua, the country has lost about 68,000 of the 120,000 jobs generated by the sector.

Friday, September 21, 2018

The National Chamber of Tourism (Canatur) presented a report highlighting the impact of the country's social and political crisis on the tourism sector.  

According to the report, this year they will receive $400 million less compared to last year, about 600,000 tourists will not come to the country and about 57% of jobs generated by tourism are being lost.

See "Less and less tourists in Nicaragua"

Regarding the issue, the president of Canatur, Lucy Valenti, told that the sector has regressed " ... " between three and four years compared to the growth we have had in recent years. We are going to go back to 2015.  While there is no climate of full security there will be no improvement, because all tourists want tranquility."

See also "Tourism: Nicaragua disappears from radar"

Valenti added that " ... currently the country is only receiving people who come for business reasons, (but) 'they are not traditional tourists. Foreign tourism is non-existent at this time.'" 

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Nicaragua: Tourism Revenues Go Down 56%

July 2019

During the first quarter of 2019, tourism revenues totaled $113 million, 56% less than reported in the same period of 2018, because of the crisis that the country has been going through for more than a year.

According to figures from the Central Bank of Nicaragua (BCN), between the first quarter of 2018 and the same period of 2019, tourism revenues decreased by $143 million, from $256 million to $113 million.

Million-dollar Losses for Tourism

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Because of the crisis affecting the country since April last year, it is estimated that during 2018 the losses of the Nicaraguan tourism sector totaled $440 million, and more than 62 thousand jobs disappeared.

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Nicaragua: Tourism Fails to Rebound

October 2018

The sector's guild reported that 24 charter flights scheduled to arrive in the country from Canada were cancelled between December and February 2019.

The representatives of the National Chamber of Tourism of Nicaragua (Canatur) confirmed that with the cancellation of flights, will stop arriving between 2,000 and 3,000 tourists.

Nicaragua and Losses in the Tourism Sector

April 2018

Due to the crisis affecting the country, the tourist sector union estimates that hotels, hostels and restaurants are facing losses of around $100 million.

As a result of the social crisis that the country has been suffering from for two weeks, representatives from the National Chamber of Tourism of Nicaragua (Canatur), reported that for the next few days hotel reservations have been canceled almost in their entirety, while restaurants are working at 15% capacity. 

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