Nicaragua: Tourism Revenues Go Down 56%

Wednesday, July 31, 2019

During the first quarter of 2019, tourism revenues totaled $113 million, 56% less than reported in the same period of 2018, because of the crisis that the country has been going through for more than a year.
According to figures from the Central Bank of Nicaragua (BCN), between the first quarter of 2018 and the same period of 2019, tourism revenues decreased by $143 million, from $256 million to $113 million.

Lucy Valenti, president of Nicaragua’s National Chamber of Tourism (Canatur), told Elnuevodiario.com.ni that “… The panorama of the sector is grey enough not to say black all at once. Tourism has been growing year after year, the industry was flourishing, for at least 5 years’ tourism had been placed as one of the five pillars of the country’s economy, the best year was 2017′.”

See “Tourism: Nicaragua Goes Off the Map”

Valenti added that “… The final result for 2019 is going to be lower than last year. In February, we made a projection that the sector was going to decrease yet another 10% more than last year’.”

Regarding the annual behavior of tourism revenues, data from the NCB indicate that in 2018 revenues totaled $544 million, 35% less than the $841 million reported in 2017.