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.

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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 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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Tourism in 2020: Year to Forget in Nicaragua

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