PRONicaragua and CANATUR will collaborate to promote Nicaragua´s tourism sector

Managua, Nicaragua; March 03, 2015

The agreement’s objective is to join efforts in promoting foreign investment in the sector and assisting the companies that are interested in expanding their operations to Nicaragua. The signature ceremony was held on February 4th and was presided by Sylvia de Levy, President of CANATUR, and Javier Chamorro, Executive Director of PRONicaragua.

The tourism industry directly contributed to 4 percent of the country’s GDP in 2013, according to the Travel & Tourism Economic Impact 2014 report on Nicaragua by the World Travel & Tourism Council (WTTC). This primarily reflects the economic activity generated by industries such as hotels, travel agents, airlines and other passenger transportation services. The report also indicates that the direct contribution of this industry to the country’s GDP is expected to grow by 5.8 percent by 2024.

Additionally, the tourism industry in Nicaragua generated 82,000 jobs directly (3.3% of total employment) and 195,500 jobs indirectly (7.9% of total employment) in 2013. By 2024, this industry is expected to support 92,000 jobs directly and 280,000 jobs indirectly, according to the WTTC.

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En español: PRONicaragua y CANATUR trabajarán en conjunto para promover el turismo de Nicaragua