Tourism Reports $92 Million in Investments

Of the $91 million invested in tourism projects in El Salvador during 2018, 87% went to finance private works and 13% to public infrastructure.

Thursday, January 24, 2019

The Ministry of Tourism (MITUR) reported that among the projects with private investment are works located in the Ruta de las Flores with an approximate investment of $6.27 million, in El Tunco beach with $3.8 million, in Boquerón $1.36 million and in the Ruta Fresca $1.8 million.

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Regarding public investments, the vice minister of Tourism, Roberto Viera, said that "... MITUR figures indicate that public investment in tourism was $12.6 million. One of the most outstanding projects is Plaza Marinera, which is currently being built with a $5.5 million investment."

The Minister of Tourism, José Napoleón Duarte Durán, explained to that the amount spent on investments in tourism projects during 2018 is a "... preliminary data, because it is the first time we remove it. For me this is an excellent indicator because the tourism sector is developing a very positive scheme."

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Tourism: Optimistic Outlook for 2019

January 2019

After reporting a 16% year-on-year increase in revenues generated by this sector in El Salvador in 2018, a 13% growth is expected for this year.

According to authorities of the Ministry of Tourism (MITUR) for this year is expected that more than 2.6 million tourists visit El Salvador, representing a 6.2% increase over what was reported in 2018.

Construction of the tourist center authorized

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The Salvadoran government approved the construction of Plaza Marinera, which will have a 10,000 m2 area and will be in La Libertad Port.

The El Salvador Ministry of Tourism (Mitur) reported that Plaza Marinera will be built within a year and the work will require an investment of approximately $5.6 million.

El Salvador: Tax Breaks for Tourism Projects

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$91 million is the estimated amount of the investment projects which have already been approved or are pending which will receive the tax incentives offered by the government for investment in the tourism sector.  

From a statement issued by the Ministry of Tourism of El Salvador (MITUR):

El Salvador Invests $4 Million in Tourism Developments

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These include the creation of new touristic routes, such as the one known as “Monseñor Romero” or “El Boquerón”.

José Napoleón Duarte, Tourism Minister, added they plan to strengthen the circuit known as “Sol y Playa” (Beach and Sun), at La Libertad Port and El Tunco Beach.


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