Nicaragua and Losses in the Tourism Sector

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

Monday, April 30, 2018

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. 

See also "Nicaragua: Tourists Staying Longer"

Lucy Valenti, president of Canatur, explained to Laprensa.com.ni that " ... since the first outbreaks of violence, tourists have left the country and those who had planned to come in the coming months have canceled their trips. 'The first to be cancelled were programmed activities to be carried out in various hotels, for events and meetings. The groups that were to come in these days have been canceled, groups have been canceled in the next three months.'"

See also "More Hotels in Nicaragua"

In this regard the president of the Association of Hoteliers of Nicaragua, Alvaro Dieguez, explained that " ... at the weekend hotels in Leon reported zero occupancy, while in Managua they have not even reached 20 percent."

To reverse the situation and attract more tourists, hoteliers in San Juan del Sur decided to offer discounts of up to 25% during May and June. 

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More on this topic

Million-dollar Losses for Tourism

February 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.

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.

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.  

Less and Less Flights to Nicaragua

August 2018

Due to the political crisis that has been going on in the country for almost four months, the airlines American Airlines, Delta, United and Spirit, have decided to reduce the number of flights to Managua.

Representatives from the National Chamber of Tourism (Canatur) reported that American Airlines went from having three flights a day to one and Delta Airlines from three flights a week to one.

Hotel Business Expanding in Nicaragua

June 2016

The rate of annual growth of the sector has been estimated at 3%, and to date there are a total of more than one thousand hotels with 14 thousand rooms.

Most hoteliers in Nicaragua agree that growth has been very positive, but they are aware of the need to accelerate the speed with which the sector is developing in order to compete with other destinations with a higher level of sophistication and development in this service. 

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