Tourism Grew About 10% in 2006
Calculations for 2006 show that tourism is expected to have grown by 10% this year, totaling 773,398 foreign visitors, according to preliminary numbers provided by the Nicaraguan Tourism Institute (INTUR).
Despite modest growth this year, compared to 17% growth in 2005, the good news is that Nicaragua already surpassed its 2006 tourism goals last year, so any growth at all this year was just icing on the cake.
INTUR expects to reach 1 million annual tourists by 2008.
Income generated by tourism this year is expected to have grown even faster, finishing the year at $239 million, up $53 million from last year, INTUR calculates.
In order for tourism to continue as the driving engine of the economy, the country needs to invest more money in promotion, INTUR president María Nelly Rívas told The Nica Times in August.
With an annual budget of $1.2 million, Nicaragua spends just a fraction of what its neighbors spend on tourism promotion. Costa Rica, for example, spent more than $20 million on tourism last year.
You may be interested
Costa Rica coronavirus updates for Wednesday, September 30Alejandro Zúñiga - September 30, 2020
Costa Rica announced 24 new coronavirus-related deaths over the last day for a total of 904, according to official data…
Some 34 million jobs lost in Latin America due to pandemicCarlos MANDUJANO / AFP - September 30, 2020
The two aspirers for the presidency of Costa Rica, the evangelical preacher Fabricio Alvarado and the former minister Carlos Alvarado, reach the closing of the electoral campaign for April 1st with a technical draw, according to a poll disclosed this Friday.
CureVac launches second stage of vaccine clinical trials in Peru and PanamaAFP - September 30, 2020
The German pharmaceutical company CureVac announced that it has started Phase 2 clinical trials of its experimental vaccine against Covid-19,…