Tourism in Nicaragua Surges

Posted by Adam McGeehan on Jun 21, 2016 2:18:39 PM

There is a lot going on in Nicaragua, and the tourism industry in Nicaragua is a prime example. Tourism in Nicaragua is a field that has been growing significantly in the past decade. During the last couple of years especially, we have seen massive growth in tourism in Nicaragua.

We can track the growth of tourism in Nicaragua since the start of the new millennium, and it certainly is impressive. In the year 2000, Nicaragua received 486,000 tourists. Not anything to scoff at, but certainly nothing compared to what lay ahead. A decade later, in the year 2010, Nicaragua had more than doubled the amount of tourists they welcomed into their borders, up to an astounding 1,011,000. That’s quite impressive for only a 10-year span of time. And now in 2016, it is expected that Nicaragua will improve its tourist numbers by another half million, with tourist arrival projections for 2016 being set at 1,500,000. Tourism in Nicaraguan is growing, and growing at an accelerating rate, it would seem.

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Even more promising are the actual numbers coming in from Nicaragua’s Central Bank. According to their official numbers, tourism revenues are up to $528.6 million in 2015, up from their 2014 levels of $445.4 million. That’s an increase of 18.7% in just 1 year! Nicaragua’s Central Bank attributes the immense increase to the fact that tourists typically are staying longer when they come to visit. I guess people really like what they see when they visit Nicaragua. The average time spent by tourists in Nicaragua increased from 7.7 days in 2014 to 8.7 days in 2015. 

The future looks bright for tourism in Nicaragua. There is further growth expected for the the coming years, with Nicaragua’s Chamber of Tourism expecting to see an increase of 10% for the number of international tourist arrivals in 2016, compared to the previous year. In addition, an increase of 6% to foreign exchange earnings is expected for 2016, compared to the previous year.

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What all this means is that tourism in Nicaragua is a booming industry, one that forward-thinking individuals may want to consider investing in. With tourist numbers showing a steady increase over nearly two decades, and with projections for even more tourist arrivals in the future, it seems that tourism in Nicaragua is a good industry to get involved in now.

For anyone whose interest is sparked by these numbers, or by tourism in Nicaragua in general, there certainly are ways to get involved. Gran Pacifica Beach and Golf Resort has many properties available which can yield impressive rental returns. Condos by the beach or casitas running along the golf course are two excellent properties to consider if a good return on investment is what you’re after.

Or maybe you’re just interested to find out what all the hype is about. Why are so many people coming to visit Nicaragua? You’ll have to visit yourself to really find out.

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Adam McGeehan

Written by Adam McGeehan

Adam is a recent graduate of Allegheny College. There he majored in Economics with a minor in Spanish. He has always been interested in traveling abroad and is thrilled to have recently taken up residence in Managua, Nicaragua to work as an intern for ECI Development. He is excited to take in all of the culture of this wondrous nation.

Topics: Tourism in Nicaragua