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Barceló Montelimar
These benefits could be extended if the company invests, in the 10 year period, at least 35% of the original sum.
Nicaragua wants to enlarge its hospitality offering, currently 7.800 at hotel rooms, to compete with its neighbors. Costa Rica, for example, has 38,000.
In 2009 the number of tourists fell in all Central America with the exception of Nicaragua, that received 8% more visitors than in 2008.
Another initiative being discussed by the government and investment promotion agency ProNicaragua is the development of a state-owned hotel network, similar to Spain’s “Paradores”.
Source: Hosteltur.com
More on this topic
June 2010
The country is promoting in Europe its new fiscal incentives for tourism investments.
Nicaragua gets just 10% of its visitors from Europe. 30% are from the U.S and the remaining 60% from Central America.
Mario Salina, Nicaraguan tourism Ministry, and ProNicaragua’s tourism advisor, Laureano Ortega, explained the new incentives plan, which includes “fiscal incentives, easier red tape, … and the new Coasts Law”, reported Prensa.com.
January 2011
$ 600 million investment is projected for this year, 20% higher than 2010.
Javier Chamorro, Executive Director of ProNicaragua noted that in 2010 the energy, telecommunications and free zones had the biggest growth, followed by tourism. This year projections estimate that investments will again concentrate in these sectors.
May 2008
Spain's Barceló hotels group announced plans to build three more hotels in Central America.
Speaking in Managua, Juan José Ribas, the chain's regional director, said one of the new hotels would be built in the Nicaraguan capital and another in Panama. He did not say where the third would be built.
May 2011
22 Spanish companies confirmed their participation in the event “Honduras is Open for Business.”
The event is being held on 5 and 6 May 2011. Among the companies participating in the event from the tourism sector are, the Barceló Group, NH Hoteles, Sol Melia and the airline Iberia.
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