Of the $91 million invested in tourism projects in El Salvador during 2018, 87% went to finance private works and 13% to public infrastructure.
The Ministry of Tourism (MITUR) reported that among the projects with private investment are works located in the Ruta de las Flores with an approximate investment of $6.27 million, in El Tunco beach with $3.8 million, in Boquerón $1.36 million and in the Ruta Fresca $1.8 million.
After reporting a 16% year-on-year increase in revenues generated by this sector in El Salvador in 2018, a 13% growth is expected for this year.
According to authorities of the Ministry of Tourism (MITUR) for this year is expected that more than 2.6 million tourists visit El Salvador, representing a 6.2% increase over what was reported in 2018.
Regarding the income generated by the sector, MITUR forecasts that in 2019 the income from tourist activities of foreigners in the country will reach $1,660 million, 12.7% more than the $1,473 million registered last year.
After remittances, tourism is the largest contributor to the economy, contributing 3.2% to GDP.
In 2009 the contribution of tourism to GDP was 2.5% and it is projected that in the next five years it could grow to 5%. But this is still far from the contribution made by remittances, which come mainly from the U.S.
Data from the Central Reserve Bank reveals that "...