Local Tourism: A Lifeline During the Crisis?Because the number of foreign visitors arriving to Nicaragua has decreased considerably, during 2019 businesses in the sector were kept afloat by the income generated by national tourists.Friday, January 24, 2020
According to the report "Situation of Micro, Small and Medium-Sized Tourism Businesses in 2019", prepared by the Nicaraguan Foundation for Economic and Social Development (Funides), 62% of the businesses surveyed stated that at the time of the survey they had fewer workers than in March 2018, weeks before the crisis broke out. Do you need more information about your business sector?Request more information: Need assistance? Contact us
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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. Million-dollar Losses for TourismFebruary 2019 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. Tough Times for TourismDecember 2018 At the end of 2017 and beginning of 2018, touristic companies in Nicaragua were reporting a good performance, but the political situation in the country has generated a crisis that is still unsolved. Tourism Decreases in GuatemalaJanuary 2012 During 2011 the sector experienced a fall of 2.8% in the number of tourists and 2% in foreign exchange earnings.
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