Tourism Grew About 10% in 2006

December 22, 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 at a glance: top news from the past week
The Alvarado Administration
94 views
The Alvarado Administration
94 views

Costa Rica at a glance: top news from the past week

The Tico Times - May 21, 2018

Newly inaugurated Costa Rican President Carlos Alvarado is closing in on two weeks on the job. Here are some of…

PHOTOS: International Museum Day in Costa Rica
Arts & Culture
109 views
Arts & Culture
109 views

PHOTOS: International Museum Day in Costa Rica

Mitzi Stark - May 21, 2018

May 18 is International Museum Day, and Costa Rica celebrated with 31 mini-museums all in one at the Casa del…

Costa Rica, Panama refuse to acknowledge Venezuelan election results
Latin America
141 views
Latin America
141 views

Costa Rica, Panama refuse to acknowledge Venezuelan election results

AFP - May 21, 2018

Costa Rica and Panama were two of 14 countries in the Americas to announce they would not acknowledge the results…