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Latin America Investment News on Viva Tropical

El Salvador Grows Tourism Revenue

Article Summary:

Once written off the traveler’s itinerary, El Salvador is making a comeback. The nation saw a 45% increase in tourism revenue for 2012, and has announced plans for a major tourism marketing campaign.

Photo Credit: el Economista

Original Article Text From el Economista via Google Translate :

ES: Tourism Revenues Grow 45% in Three Years

The arrival of tourists has left an economic impact to El Salvador from $ 602.9 million between January and October this year, 45% higher than the $ 415.9 million that left the tourists in 2009, according to the Salvadoran Tourism Corporation (CORSATUR).

After the crisis hit economies around the world was visible low growth that tourism receipts left since January to October 2009 to the same period of 2010 revenues increased 0.2%, $ 415.9 million and $ 416.9 million, respectively, but since 2010 it recorded substantial increases in income left by tourists with rates of 17% between 2010 and 2011 and 23% between 2011 and 2012.

“The economy is growing at single-digit levels, and we are talking about income are growing at double-digit levels, but it is difficult to keep, just public and private cooperation can enable such a strategy is sustainable over time and to continue to grow, “said Roberto Viera, CEO CORSATUR.

The increase in revenue is explained in part by growth in tourist arrivals, four in 10 airway-enter, so the view of Viera are those who have more spending power.

“That means we can be having visitors tourists more spending power, more ability to stay in the country entering the land that truth have less spending power,” said Viera.

CORSATUR data shed on the third quarter of this year, the average daily expenditure was around $ 38.20 hiker, the foreign tourist $ 82.90 and the Salvadoran resident walked outside at $ 108.00. The average stay of these three types of visitors is 4.2, 6.2 and 12 days, respectively.

The Corporation projects that the country receives 3 million visitors by 2020.

2013 Plans
The Ministry of Tourism (MITUR) has planned a series of strategies to find more tourists arrive in the country, among them is the country brand promotion through international exhibitions held in different parts of the world.

“We are planning 20 exhibitions internationally, promoting the cruise, promoting the project (tourism) and convention business and tourism course recreational place,” says Jose Napoleon Duarte, Minister of Tourism.

Another factor taken into account MITUR is attracting investors who wish to settle in the country and generate a series of incentives and additional attractions for tourists. It is expected that with the FOMILENIO II, these investments increase.

FOMILENIO encourage investment in tourism
The eventual development of a second compact FOMILENIO in coastal marine zone has encouraged investors to make proposals to be aimed at developing tourism in the area.

The Agency for Promotion of Exports and Investments (PROESA) and received the first formal proposals to choose to fund “investments”, which aims to stimulate private investment under the umbrella of FOMILENIO II.

“We’re filling the forms to input into the system of formal expressions of interest. There are four or five that are already inside, “said Giovanni Berti recently, CEO PROESA.

While projects are tourism oriented earn the most space within FOMILENIO II, cooperative projects are engaged in fishing and shrimp farming, according PROESA.

All marine coastal El Salvador would receive about $ 759 million investment under the “Strategy of integrated and sustainable development of the coastal marine band 2012-2024″.

Link to Original Article:

From el Economista

Latin America Investment News on Viva Tropical