Nicaragua: Untapped Tourism Potential

The union of private companies is preparing a plan for promoting tourism development in San Juan del Sur and Tola, where more than $130 million has already been invested.

Thursday, July 21, 2016

The area of San Juan del Sur and Tola, Rivas, has all the characteristics needed to become a tourist destination, but basic infrastructure in the area needs to be improved along with conditions to attract more foreign investment.

See also: "Nicaragua: Tourism Figures in 2015"

The president of the Superior Council of Private Enterprise   (COSEP), Joseph Adam Aguerri, told Elnuevodiario.com.ni that "... a proposal is being prepared which will be presented to the government and which will provide greater benefits to this privileged area of Nicaragua. The proposal focuses on three points: Services and basic infrastructure, public safety and legal certainty for investments. 

See also: "Hotel Business Expanding in Nicaragua"

"... In the area there are currently 807 vacation units such as villas, condos, apartments and plots of land, said the representative of the Nicaraguan private sector. Aguerri also said that there are more than 130 hotels, with supply exceeding 2,500 beds for tourism in Rivas and it is estimated that 90% are located in San Juan del Sur and Tola."

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The private sector proposal includes building a new port in the Caribbean and improving existing ones, reviewing electricity tariffs, and creating a special tourist area in San Juan del Sur and Tola.

The private union has submitted a proposal for development in 2020 that focuses on five areas: financing; infrastructure and services; public management and facilitation; education system and human capital; and innovation in business management.

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