Tourism in 2020: Year to Forget in NicaraguaIn the context of the health crisis generated by the outbreak of covid-19, businessmen of the sector foresee that at the end of 2020 the tourism industry will add revenues of about $176 million, an amount that would be 66% less than that reported in 2019.Wednesday, December 23, 2020
The estimates of the National Chamber of Tourism of Nicaragua (Canatur), are more pessimistic than the projections of the Nicaraguan Institute of Tourism (Intur), since according to the business association the income will amount to $176 million and according to the government institution it will add $216 million at the end of the year. Source: laprensa.com.ni Do you need to understand the new commercial reality of the tourism sector? Contact UsNeed assistance? Contact us
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Tourism in Nicaragua: Crisis and OutlookMarch 2021 After the political crisis the country went through in 2018 and the health crisis it faced in 2020, businessmen maintain hopes that tourism activities will recover in 2021 and in the following years return to the path of growth. Construction in Nicaragua: Pessimism at the End of 2020November 2020 Since the beginning of the political crisis in 2018, the activity began to decline, the trend continued in 2019 and by 2020 the expectation is that the fall in investments in the sector will be more acute, mainly private ones. Million-dollar Losses for TourismFebruary 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. Crisis Overwhelms TourismSeptember 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.
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