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Latin America Investment News on Viva Tropical

Ecuador to Spend Big on Tourism

Article Summary:

Ecuador knows it has some competition in luring tourists to its borders. To attract more, you have to spend more, so the government has announced an increase to its tourism budget by $110 million.

Photo Crdit: el Tiempo

Original Article Text From El Tiempo via Google Translate :

Ecuador raises investment in tourism

The Ecuadorian government knows and is overturned in this task, which has given tourism’s status as a strategic sector in its exchange rate policy of the productive matrix, which aims to diversify the economy and make it less dependent on extraction of raw materials.

So has announced it will increase from 40 to 150 million budget, not including investments in infrastructure, which between 2009 and 2012 reached only $ 220 million in upgrading and construction of airports and air navigation.

In addition, efforts carried out in roads, ports and hydroelectric plants, among other infrastructure, but have no direct connection with tourism, benefit the development of the country and represent a factor of attracting private investment in tourism.

The effort in this area is necessary, according to Dr. Tourism and dean of graduate programs at the University of the Americas (UDLA), Giuseppe Marzano, because it promotes tourism. “If Ecuador does not have two good airports, such as Quito and Guayaquil, lose competitiveness. If I can reduce the time of arrival of Quito to the Amazon to benefit the oil industry, “he said.

Link to Original Article:

From El Tiempo

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