Million-dollar Losses for Tourism

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.

Friday, February 8, 2019

The arrival of tourists to the country is another figure reporting a considerable decline last year, since between 2017 and 2018 the number of visitors who came to Nicaragua fell 55%, going from 1.7 million to 800 thousand.

See "Tourism in Central America Loses Strength"

According to the National Chamber of Tourism of Nicaragua (Canatur), "... in the most difficult moments of the crisis at least 70,000 people were affected by their employment. Of those, 62,400 were definitively laid off, 6,500 were transferred, and another 18,000 restructured their contracts so as not to be laid off."

Regarding the massive loss of jobs, Lucy Valenti, president of Canatur, explained to that "... the most qualified employees migrated to Central America and North America; many of them bilingual migrated to call centers. This means that the quality of the country's tourism service has been weakened."

Also see "Economic Activity in Nicaragua Declines 5%"

The decline in tourism is reflected in the country's economic indicators, since the most recent figures from the Central Bank of Nicaragua detail that in November 2018 the economic activity index fell 5% compared to the same month in 2017, mainly because of the performance in the Hotels and Restaurants and Transport and Communications sectors.

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Nicaragua: Tourism Revenues Go Down 56%

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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.

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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.

Crisis Overwhelms Tourism

September 2018

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.

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

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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