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Latin America Investment News on Viva Tropical

Nicaragua Ready to Spend $121 million on Tourism

Article Summary:

Tourism numbers are up for Nicaragua, with an estimated 80,000 visitors per month, an overall 10% growth that has the government pledging $121 million on tourism projects.

Photo Credit: Prensa Nicaragua

Original Article Text From Prensa Nicaragua via Google Translate :

Hotel Projects Will Be Built
Chief Executive of the Nicaraguan Institute of Tourism (Intur), Mario Salinas, said the Tourism Incentives Board met to discuss some hotel projects, as hotel occupancy in Nicaragua is satisfactory.

“Demand is growing, and the offer, say, needs to be increased, then we already are seeing, both domestic and foreign investors who have knowledge, are preparing the possibilities of building new hotels in Managua and in other departments” said Salinas.

The owner would not comment on the subject of recent property problems that have arisen in the country, and could scare off foreign investment in the tourism sector.

10% More Tourists
On the number of tourists who have entered our country, during the first two months of the year, the portfolio holder said that the recent report dictates that there has been a growth of 10 percent over last year, which translates to more 80 thousand visitors per month.

Totaled $ 121 million of tourism investment and foreign tax benefits, approved by the Board of Tourism Incentives Intur during 2011. For this year are expected to be 140 million.

“It’s very satisfying results that we are this year, truly hope that we continue like this. Our goal is to have 6.2 percent at the end of 2012, “the official estimated.

On the outcome of events that promotes culinary Intur in the 17 country delegations said that can not be quantified because they can see through time.

“Now we’re in this new stage, where we have a very strong promotion of Nicaragua in North America, Europe, Central and South America, let us see how the tourist trade continues to grow,” he said.

Link to Original Article:

From Prensa Nicaragua

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