After the year 2017 provided the sector with income of $840 million, 31% more than in 2016, the union has carried out a new review and plans to generate up to $900 million this year.
Between 2010 and 2016, the number of tourism companies grew by 47%, and in the same period, the number of transport companies and travel operators increased by 320% and 160%, respectively.
In 2010 the Nicaraguan Tourism Institute counted 62 businesses dedicated to providing travel organization services, and last year, this figure reached 161, thanks to the growth experienced in tourism in the country.
Entrepreneurs in the sector are looking to develop this segment of the tourist market, highlighting the country's characteristics that are ideal for offering activities such as trekking and visits to volcanoes.
The objective should be to focus on the North American and European markets, where most tourists are looking for activities such as biking, hiking, rafting, visits to biological reserves and volcanoes, among other things.
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 anincrease of 8.5% compared to the previous quarter.
Participating for the first time are Nicaragua and the United Arab Emirates as exhibitors, and buyers will be coming from Germany, Argentina, Bolivia, Costa Rica, Italy, Colombia and Sweden, and other places.
From a statement issued by the Chamber of Commerce, Industries and Agriculture (CCIAP):
International Tourism Expo, in its seventh version, will feature more than 150 exhibition booths, which will be displaying to national and international companies, working in different areas of tourism, in 3,000 m2 of the Atlapa Convention Center in the exhibition which will be held on Friday 27 and Saturday 28 May.
In light of the announcement of a campaign to promote tourism in Nicaragua "through embassies and consulates," entrepreneurs are recommending the utilization of professional methods.
Tourism entrepreneurs believe that the "Pride of my country" campaign is insufficient to achieve the impact required to Nicaragua as an important tourist destination in the region.
Tourism entrepreneurs disagree with the list of countries in which the Nicaraguan Institute of Tourism has announced it plans to promote the country.
The tourism promotion agenda includes a visit to the United States, the Netherlands, Finland, Spain and Germany, among others, where tourism facilities on offer for 2015 will be presented. With this initiative it is expected that more than 1.4 million foreigners will be received, which would equate to about $440 million in foreign exchange.
A bill being discussed in the National Assembly aims to promote the development of business tourism in the country.
Although business tourism is one of the fastest growing segments, not all sectors agree with this bill, because, for some, "... the country still does not have sufficient infrastructure to host these events."
Alvaro Dieguez, president of the Hotel Association of Nicaragua, told elnuevodiario.com that "...
In the first half of the year $218 million came into the country, 10.3% more than the $197.5 million generated in the same period in 2013.
Details from the Nicaraguan Institute of Tourism (Intur) show that "... Between January and June Nicaragua received 650,008 foreign visitors, representing a growth of 7.1% compared to the same period in 2013, when the country received 607.155 tourists. "
The event held at the Atlapa convention center on September 26th and 27th will bring together wholesale companies from Europe, America and Asia with tourism companies from Panama and the region.
From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP):
(Panama, June 17, 2014). Over 150 wholesale operators from America, Europe, Asia and the Caribbean who have great interest in tourism in Panama, will meet in the fifth edition of the INTERNATIONAL TOURISM EXPO, to be held on 26 and 27 September.
What is needed is simple and effective governments that put an end to the bureaucracy that limits the integration of tourism in the region.
So says Epaminondas Marinakys, president of the Federation of Tourism Chambers of Central America (FEDECATUR). The official believes that the governments of the region must adjust their border rules in order to expedite the passage of tourists from one place to another.
Nicaragua is ready to strengthen its tourism industry, refining its attractions both for the backpacking tourist who spends $50 a day, as well as the high end visitor who spends over $1,000.
After coming a long way since the 90’s, tourism in Nicaragua must now make a quantum leap and create a national brand in the minds of tourists with higher purchasing power, said Rep.
3.762 business meetings between wholesalers and businessmen in the region took place.
The event featured participation of 158 wholesalers and tour operators from 41 countries, 155 exhibitors from the region and 91 international media.
Laprensagrafica.com published, "This year, seven out of 10 participants attended the fair for the first time, this will open the doors to new business contacts, said Roberto Robles, director of the Guatemalan Tourism Institute (INGUAT). Next year's fair will take place in Panama."
The fair will begin on Monday October 18th with participation of 245 tourism wholesalers.
Countries like China, India, Japan, Russia, Turkey and New Zealand among others will attend the seventh edition of the Central America Travel Market (CATM), which will take place in Antigua Guatemala from the 18th to the 20th of October.
Elperiodico.com.gt informs in an article, "The fair also attracted 207 exhibitors and 111 international media ...