2015 was a great year for Nicaragua. The country experienced major improvements and growth. Nicaragua’s GDP growth for 2015 was 4.5%, a very impressive number. This should not come as news to anyone familiar with Nicaragua, however. The country has been experiencing exceptionally strong growth throughout the past several years. Between 2012 and 2015, Nicaragua’s GDP grew by 4.7%, making it one of strongest economies in all of Central America. The average GDP growth rate for Central America from 2012 to 2015 was only 3.7%.
Many sectors contributed to this phenomenal growth, but one of the most profound was the tourism sector. Tourism in Nicaragua is a major sector in of the country’s economy, accounting for about 5% of GDP. In 2015, approximately 1.4 million tourists visited Nicaragua, generating $450 million in revenue.
And it’s only expected to get better! Nicaragua’s National Chamber of Tourism expects that in 2016 the number of international tourist arrivals could increase by 10%. It also expects foreign exchange earnings to increase by 6% in 2016.
This is following several previous years of growth. In 2014, 1.39 million tourists visited Nicaragua, generating $445 million in revenues for the country. The number of tourist arrivals in 2014 showed a growth of 4.7% from the number of tourist arrivals in 2013. Clearly, tourism in Nicaragua is a growing and integral part of the nation’s economy.
When decided where to vacation, tourists take into account many factors. A report on tourism in Nicaragua by tourism-review.com noted that many tourists place a large amount of importance on such factors as commitment to the environment and the local community. As a result of this, many tourism-based companies in the region are now adopting policies to fit into this framework. Lucky for Gran Pacifica, however, we have already had a strong commitment to the local community and the environment.
The report also notes weaknesses in the industry of tourism in Nicaragua. One of these is that there is a “lack of significant diversity in options to make tourists stay longer, spend more, that, engage in more activities that leave more dollars in the country.” Again, where other tourism-related industries are lacking in this area, Gran Pacifica is already ahead of the curve. Gran Pacifica offers housing options on a wide range of price options. Whether it is condos, 1,000 sq. ft. casitas, or full on 2-story, 3-bedroom houses, Gran Pacifica has a great diversity of options for tourists.
In terms of activities for tourists, Gran Pacifica is also prepared. Golfing, horse-back riding and surfing are just some of the many activities available to tourists at Gran Pacifica.
International tourists have made it very clear what they want out of a tourism experience. Gran Pacifica has heard these calls, and is poised to offer tourists exactly what they are asking for. An investment in Gran Pacifica is an investment in a growing community, doing business in a growing sector of one of Central America’s strongest economies.