Tourism in Nicaragua: Crisis and Outlook

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.

Wednesday, March 3, 2021

The Nicaraguan tourism sector has been rained on over the past three years. In April 2018, companies engaged in these activities began to experience a crisis, as a political and social crisis occurred in the country, which ended up affecting the productive activity.

You may be interested in "Tourism and Travel: Consumer Interests and Preferences"

When the country was beginning to emerge from the crisis, in 2020 the pandemic caused by the covid-19 outbreak aggravated the tourism situation. Although the outlook is still complex, companies expect a resurgence in the coming months.

Rene Sandigo, president of the Association of Small Hotels of Nicaragua (Hopen), told Laprensa.com.ni that "... the situation has been very hard for the sector, however, most entrepreneurs are giving a plus effort to keep their businesses alive in the hope that there will be a change."

See "Travel and Tourism: Interest Rising in the Region"

According to Leonardo Torres, president of the Micro, Small and Medium Tourism Enterprise (Cantur), explained that "... 'some hotels closed, but most of them reduced costs, laid off some of the staff, some even stayed with the family to continue operating and not close, but there were closures, there you have the case of the Teodolinda Mansion, the Seminole, in the departments, especially Leon and Granada the same thing happened and others remained operating at their minimum capacity, waiting to be active with the arrival of new times'."

According to reports from the Central Bank of Nicaragua at the end of 2020 the Monthly Index of Economic Activity registered a -2.6% year-on-year variation, a drop that is explained, in part, by the behavior of sectors such as Hotels and Restaurants.

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More on this topic

Tourism in 2020: Year to Forget in Nicaragua

December 2020

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.

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.

Tourism and Hotels: Forecasts for 2021

December 2020

Due to Costa Rica's estimated average hotel occupancy rate of 52% by 2020, well below the 95% recorded at the end of 2019, businessmen in the sector expect that in this context of crisis there will be no peak seasons next year.

The tourism sector is one of the hardest hit by the economic crisis generated by the outbreak of covid-19, because mobility restrictions, the closure of air terminals and the fear of tourists to be infected, have influenced the drastic fall in tourism activity.

Health Tourism: Forecasts for Revival

April 2020

Businessmen in Guatemala estimate that patients who visit the country with the aim of buying medical treatment will take between 9 months and a year to regain confidence in making the trip.

The sector is practically paralyzed, since due to the covid-19 outbreak worldwide, several countries have decided to close their borders and air terminals, and airlines are keeping their units on the ground.

Nicaragua: Tourism Revenues Up 10%

March 2017

Companies in the sector expect to generate $660 million in revenue this year, mainly driven by an increase in tourist spending.

In addition to an increase in the number of visitors to the country, companies in the sector also expect a rise in the average daily expenditure of tourists, which at the close of the third quarter registered an increase of 8.5% compared to the previous quarter.

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