With an investment of $327 million, eleven new hotel projects are to be incorporated into the country's tourism sector.
Data provided by the Chamber of Tourism of Nicaragua (Canatur) reveals that the departments which have attracted most of the investment in the construction of new hotels are Managua, León, Chinandega and Rivas.
One example of the large investments in hotels can be found in the Nicaraguan Pacific, where $250 million has been invested in building the largest hotel project in the country. "The first stage includes the boutique hotel Mukul, which has 39 rooms, 16 beach villas and 23 mountain huts, built on 1,600 acres (about 650 hectares), with an investment of $150 million," noted an article in Elnuevodiario.com.ni.
With an eye on providing medical tourism services to the market in the United States, Nicaragua project revenues of $27 million for this sector in 2020.
According to a study by Calvet & Asociados, the most developed country in the region in this sector is Costa Rica, where 100,000 American tourists arrive each year to recieve medical and preventive treatments, generating revenues of $300 million.