Nicaragua: Informality Affecting Tourism Investments

Lack of control of unofficial businesses that are setting up on the coasts is preventing further development in areas with high tourism potential such as San Juan del Sur.

Tuesday, August 2, 2016

The business community argues that the Law for the Development of Coastal and Environmental Conservation is not being complied with, as unofficial businesses such as restaurants and hotels are being allowed to set up on the coasts. About "... $150 million in investments in tourism could be delayed due to the inadequate location of some businesses in coastal areas in the municipality of San Juan del Sur."

See: "Nicaragua: Untapped Tourism Potential"

The president of the National Chamber of Tourism in Nicaragua (Canatur), Lucy Valenti, told Elnuevodiario.com.ni that "... the bad location of businesses on the beaches affects the development of major projects, creating uncertainty among entrepreneurs interested in investing in the Pacific coast of Nicaragua. 'Setting up businesses is prohibited and is affecting property owners who are behind the 50 meter mark. These cases have been raised in various legal instances, but [the problem] has not been resolved and every day more people are joining in.'" 

Jose Leon Talavera, manager of Canatur and representative of Villas Maderas in San Juan del Sur, "... insists that 'you can not ask an investor to come and build a five star hotel, or a development that is going to invest several million dollars when what you have are shacks that are falling down, which do not have phytosanitary concessions and are in terrible condition, they have no service culture, which is not governed under any regulations and they are illegal'."

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More on this topic

Nicaragua Wants Costa Rica's Tourism

January 2017

Tourism entrepreneurs have suggested setting up a border post in El Naranjo in order to encourage the arrival of international tourists coming from Guanacaste, Costa Rica.

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Nicaragua: Very Poor Touristic Campaign

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In light of the announcement of a campaign to promote tourism in Nicaragua "through embassies and consulates," entrepreneurs are recommending the utilization of professional methods.

Tourism entrepreneurs believe that the "Pride of my country" campaign is insufficient to achieve the impact required to Nicaragua as an important tourist destination in the region.

Nicaragua: Coastal Highway Will Not Be Built

August 2013

There are no state resources for the 131 miles of road on the Pacific coast, which would be a key factor for tourism development in the area.

This was explained by the chief of Transportation and Infrastructure, Paul Fernando Martinez. Seven years ago the institution had reported that the study and design was already in process and about three years ago they said they were in the construction phase, however, the authorities now say the project is not profitable.

Delay in Nicaraguan law puts US$1 billion of tourist projects on hold

May 2008

More than 60 Nicaraguan tourism projects valued at a total of some US$1 billion are on hold because Congress has failed to agree on a law to protect investments on the nation's coasts.

"We can only hope the law gets passed no later than June, because projects are being held up all over the place," said Lucy Valenti, president of the national tourism chamber, Canatur.

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