Tourism in 2020: Year to Forget in Nicaragua

In 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.

With respect to the perspectives for 2021, the panorama for the Nicaraguan tourism industry is not so encouraging, since they foresee some barriers.

See "Tourism and Travel: Consumer Interests and Preferences"

Reviewed by, "... although the implementation of a vaccine to stop covid-19 infections has lit a light at the end of the tunnel, the tourist reactivation will not come until the population is mostly vaccinated, which continues to generate uncertainty and more so for Nicaragua, where Daniel Ortega's regime is in conflict with the airlines, preventing the recovery of tourism."

Lucy Valenti, president of Canatur, explained that "... the air connectivity of a country is key for the tourist activity. And while in Central America all the airlines that operated before the pandemic have returned to work, even increasing their flight frequencies and opening new routes, in Nicaragua only Avianca and Conviasa are working on a regular basis."

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Tourism in Nicaragua: Crisis and Outlook

March 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.

The Nicaraguan tourism sector has been rained on over the past three years.

Construction in Nicaragua: Pessimism at the End of 2020

November 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.

Official data indicates that between 2017 and 2018 investment in private construction projects decreased by 17%, from $1,106 million to $914 million.

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.  

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