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Latin America Investment News on Viva Tropical

Good Things in Small Packages, Nicaraguan Small Hotels Enjoy Higher Occupancy

Article Summary:

Increasing tourist traffic in Nicaragua has given growth to 300 small hotels which occupy the country. They reached an occupancy rate of 80% while many traditional hotels are struggling to reach a 60% occupancy rate.

Photo Credit: La Prensa Nicaragua

Original Article Text From La Prensa Nicaragua via Google Translate :

Growing Small Hotels

The increasing number of tourists who visited Nicaragua in 2011, led to a growth of at least 20 percent in the infrastructure of small hotels, which now number over 300 across the country, and eight percent in the sector economic activity.

According to Gilberto Alcócer, president of the Nicaraguan Council of Micro, Small and Medium Enterprises (Conimipyme), visitors would be 1,100,000 and at least 50 percent have stayed in small hotels, which prompted the investment of 100 million cordobas to construction of one or two additional rooms or new locales.Alrededor a third of the small hotels are concentrated in Managua, but have a presence throughout the country.

In Managua, during the year, recorded an average occupancy of 80 percent, but the rest of the country was 60 percent, slightly higher than last year, explains Sandra Mejia, president of the Association of Small Hotels in Nicaragua ( Hopen). Most tourists that visit the area are Central and Nicaraguans living abroad.

European students increasingly visiting the country are also demanding the service of small hotels.On average, each visitor spends between 30 and 45 dollars a day. For 2012 growth is expected to equal or greater, so that one of the goals of Hopen is increasing the number of partners, which currently stands at 76. For his part, manages Conimipyme business formation and mutual guarantee that these entrepreneurs have a greater capacity to invest to improve their service.

Link to Original Article:

From La Prensa Nicaragua

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