$20 million Awarded in Tourism Incentives in Nicaragua

During the first quarter, the Intur approved tourism incentives for the purchase of aircraft and three hotel projects.

Tuesday, May 7, 2013

"Between January and March this year, the Nicaraguan Institute of Tourism (Intur) approved $20.5 million for tourism incentives for small and medium businesses, and expects to increase that amount to more than $51 million at the end of the first half of 2013 ", reported Laprensa.com.ni.

Of the amount approved, $17 million will be used for the purchase of aircraft parts and new aircraft, according to information from Intur.

The total amount will be awarded to six projects, half of which are linked to the hotel sector. "Three small hotels have begun operations, which are located in the Pacific of Nicaragua, this has allowed the addition of 76 rooms to the demand from domestic and international tourism, with more than 112 beds," explained Intur. These three small hotels received $1.9 million in incentives.

"Also in the hands of the board responsible for approving these tax benefits in the Intur are 29 projects that also require incentives, totaling $31 million," says the Institute.

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