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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. 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.
In the last months of 2020 and in January 2021, interest in travel agency services and other tourism-related services began to increase, a rise that was most evident in Costa Rica and Guatemala.
Through a system that monitors in real time changes in the interests and preferences of consumers in Central American countries, developed by CentralAmericaData, it is possible to project demand trends in the short and long term, for the different products, sectors and markets operating in the region.
The amount of visitors arrivals to Central America and the Dominican Republic shows a downward trend since 2016, which was consolidated in 2019 and worsened in 2020, a phenomenon that is explained by the events recorded in the extra-regional market.
Between 2015 and 2019, the countries of the SICA region, the average growth rate of visitor arrivals was 4.9%, where only in 2019 there was a negative rate of -0.2%, highlights a document of the Secretariat for Central American Tourism Integration (SITCA) published in January 2021.
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.
The risks involved when visiting a destination and the possibility of making reservations with less notice are fundamental factors that consumers will consider when deciding whether or not to take a trip in the coming months.
The outbreak of covid-19 in several countries around the world almost caused air, sea and land transport to disappear, as several governments decided to ban leisure and business travel.
The current scenario of reactivation of commercial flights and tourist activities, are an opportunity for insurers to increase their sales, since the hiring of a policy is a mandatory requirement for tourists to be allowed to travel.
Products that offer a refund in the event of having to cancel the trip due to illness, as well as coverage at the destination if the person becomes ill, both for medical expenses and for lodging in case a quarantine is needed, constitute a great opportunity in this context of the spread of covid-19.
Adapting spaces in the restaurant area, selling themselves to tourists as a clean and safe establishment, are some of the strategies that hotel sector businessmen plan to apply in order to adjust to the new commercial reality resulting from the health emergency.
The spread of covid-19 has forced health authorities to restrict the mobility of people and to close several establishments, with hotels being one of the most affected.
New health and hygiene protocols in the establishments and the commitment to attract national tourists in an environment where short trips will be preferred, are some of the trends predicted in the new "normality" that will come after the quarantine period.
Given the quarantines decreed by most governments worldwide, it is anticipated that the habits of tourists will change dramatically in the short and medium term, as the crisis of covid-19 will leave consequences among consumers.
Some of the most notable effects caused by the spread of covid-19 is the cancellation of at least 8,000 hotel nights in Costa Rica, and the interruption by Iberia of its flights from Madrid to Guatemala and San Salvador.
Businessmen in the region agree that due to the virus that has been spreading from China, supply chains have been interrupted, which is combined with a drop in the transit of people, causing losses to the tourism sector.
A drop in the flow of tourists to the region, cancellation of reservations and the suspension of flights are part of the expected consequences of the spread of the virus worldwide.
According to the report prepared by the Central Bank of Costa Rica called "Commentary on the national economy for February 2020", derived from the outbreak of pneumonia caused by SARS-CoV-2 virus (coronavirus) is expected to report a negative impact on the influx of tourists to the country.
Because the number of foreign visitors arriving to Nicaragua has decreased considerably, during 2019 businesses in the sector were kept afloat by the income generated by national tourists.
According to the report "Situation of Micro, Small and Medium-Sized Tourism Businesses in 2019", prepared by the Nicaraguan Foundation for Economic and Social Development (Funides), 62% of the businesses surveyed stated that at the time of the survey they had fewer workers than in March 2018, weeks before the crisis broke out.
Authorities report that during 2018 arrived in the country 1.4 million visitors, a figure that is 28% lower than the 1.9 million recorded in 2017, a decline explained by the social and political crisis that the country is going through since April last year.
With several months in arrears, the Nicaraguan Institute of Tourism published the report on the country's tourism situation, which reflects that after the sector came growing steadily, during 2018 collapsed because of the crisis.
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.
At the end of 2017 and beginning of 2018, touristic companies in Nicaragua were reporting a good performance, but the political situation in the country has generated a crisis that is still unsolved.
In 2017, tourism generated $840 million in revenue for the Nicaraguan economy, 31% more than in 2016, growth that improved the companies' expectations at the beginning of the year, since in the first quarter of 2018 the forecasts were that by the end of this year revenues could reach $900 million.