New Law to Triple Nicaragua’s Tourism Promotion Budget

June 11, 2010

With the goal of tripling Nicaragua’s paltry tourism-promotion budget, the National Assembly last week approved a reform to the General Law of Tourism that aims to generate an additional $2.5 million in promotional funds.

The extra funds will come from raising the price of tourism visas from $5 to $10, increasing the cost of international airline tickets by $5 and creating a new 2 percent tax on hotel rooms costing over $30 a night. Motels will be taxed an extra $0.30 per room.

Lawmaker Pedro Joaquín Chamorro, member of the National Assembly’s Tourism Commission, told The Nica Times that he calculates the reform could triple Nicaragua’s current promotional budget for tourism, which is around $1.3 million per year. By contrast, neighboring Costa Rica spends around $20 million in tourism promotion each year.

Chamorro said the new funds will be managed by a multi-sector “oversight commission” comprised of INTUR, members of the legislative tourism commission and the private tourism chambers. He said the commission will insure that the money is used transparently, following complaints that INTUR has been using state resources for political rather than promotional purpose.

The tourism tax increases will take effect as soon as the law is signed by President Daniel Ortega and published in the official daily La Gaceta, Chamorro said.

–Tim Rogers

You may be interested

Looking back at Hurricane Maria: the initial impact
Weather
353 views
Weather
353 views

Looking back at Hurricane Maria: the initial impact

John McPhaul - December 12, 2017

As Costa Rica joins many other nations in looking back upon the devastating 2017 hurricane season, longtime Tico Times contributor…

Cold front claims fourth victim in Costa Rica
Weather
2317 views
Weather
2317 views

Cold front claims fourth victim in Costa Rica

Katherine Stanley - December 12, 2017

High winds claimed the life of a fourth victim in Costa Rica as the cold front that has been moving…

With Keylor Navas battling injuries, Real Madrid eyes January swoop for Bilbao goalie
Keylor Navas
690 views
Keylor Navas
690 views

With Keylor Navas battling injuries, Real Madrid eyes January swoop for Bilbao goalie

AFP - December 11, 2017

Real Madrid's first foray into the January transfer market will be to snap up Athletic Bilbao's promising goalkeeper Kepa Arrizabalaga,…