Travel And Tourism in Nicaragua
Euromonitor International's Travel And Tourism in Nicaragua report offers a comprehensive guide to the market at a national level. It looks at travel accommodation, transportation, car rental, tourist attractions and retail travel. It identifies the leading companies and offers strategic analysis of key factors influencing the market, including background information on disposable income, annual leave and holiday taking habits.
Buy online to access strategic market analysis and an interactive statistical database of market size data for travel accommodation, transportation, car rental, travel retail, tourism attractions and health and wellness tourism, tourism inflows and outflows, tourism spending and company and brand shares.
Tables: 53 | Publication date: Apr 2010
Why buy this report
- Get insight into trends in market performance
- Pinpoint growth sectors and identify factors driving change
- Identify market and brand leaders and understand the competitive environment
Product coverage
Car Rental; Demand Factors; Health & Wellness Tourism; Tourism Flows Domestic; Tourism Flows Inbound; Tourism Flows Outbound; Tourism Receipts And Expenditure; Tourist Attractions; Transportation; Travel Accommodation; Travel Retail
Executive summary
Global recession affects travel and tourism in Nicaragua
The global recession has affected every aspect of the economy and travel and tourism is no exception. The effects were most noticeable in the drop in arrivals from Nicaragua’s traditional source countries, the US and Honduras. The economic crisis produced a chain reaction in travel and tourism; as unemployment rates escalated, people cut expenditure with a resultant contraction in travel and tourism receipts.
Coup d’etat in Honduras reduces visitors to Nicaragua
On 28 June 2009, the military in Honduras arrested President Manuel Zelaya who was exiled to Costa Rica. The Honduran borders with El Salvador, Guatemala and Nicaragua were intermittently closed and, as the country is the second largest source for arrivals to Nicaragua, travel and tourism suffered. The situation was exacerbated by an increase in lawlessness and a heightened military presence. According to the Nicaraguan authorities, millions of dollars were lost because of the drop in arrivals.
Travel and tourism policies and international promotion pay dividends
445 projects have been approved since the Law of Incentives for the Tourism Industry of the Nicaraguan Republic, or Law Number 306, came into effect in June 1999. The law offers incentives to potential travel and tourism investors in Nicaragua. The Instituto Nicaraguense de Turismo (INTUR) is charged with overseeing the incentives and is also charged with international promotion. It routinely exhibits at trade fairs in Europe, including FITUR in Madrid, BIT in Milan and ITB in Berlin.
The political side of travel and tourism in Nicaragua
Daniel Ortega was elected President of Nicaragua in 2006. The National Chamber of Tourism (CANATUR) promoted an initiative called Ejes de Desarrollo, in late 2007, which was created to promote economic growth in a multitude of categories, including travel and tourism. The initiative promotes laws beneficial to the categories and encourages investment in infrastructure that will have a direct benefit on the various categories under its remit. One of the main beneficial results for travel and tourism was the elimination of the visa requirement for arrivals from Costa Rica.
Table of contents
TRAVEL AND TOURISM IN NICARAGUA : MARKET INSIGHT
EXECUTIVE SUMMARY
Global recession affects travel and tourism in Nicaragua
Coup d’etat in Honduras reduces visitors to Nicaragua
Travel and tourism policies and international promotion pay dividends
The political side of travel and tourism in Nicaragua
KEY TRENDS AND DEVELOPMENTS
Impact of the global recession on Nicaragua
Investment in tourism projects in 2009 up by more than US$51 million
Honduran coup d’etat adversely affects arrivals
MARKET INDICATORS
Table 1 Length of Domestic Trips: 2004-2009
Table 2 Length of Outbound Departures: 2004-2009
MARKET DATA
Table 3 Balance of Tourism Payments: Value 2004-2009
Table 4 Departures by Destination: 2004-2009
Table 5 Departures by Method of Transport: 2004-2009
Table 6 Departures by Purpose of Visit: 2004-2009
Table 7 Outgoing Tourist Expenditure: Value 2004-2009
Table 8 Forecast Departures by Destination: 2009-2014
Table 9 Forecast Departures by Method of Transport: 2009-2014
Table 10 Forecast Departures by Purpose of Visit: 2009-2014
Table 11 Forecast Outgoing Tourism Expenditure: Value 2009-2014
Table 12 Domestic Trips by Purpose of Visit and by Method of Transport: 2004-2009
Table 13 Domestic Tourist Expenditure: Value: 2004-2009
Table 14 Forecast Domestic Trips by Purpose of Visit and by Method of Transport: 2009-2014
Table 15 Forecast Domestic Tourist Expenditure: Value: 2009-2014
Table 16 Tourist Attractions: Value 2004-2009
Table 17 Tourist Attractions Online Sales: Internet Transaction Value 2004-2009
Table 18 Forecast Tourist Attractions: Value 2009-2014
Table 19 Forecast Tourist Attractions Online Sales: Internet Transaction Value 2009-2014
Table 20 Health and Wellness Tourism Sales: Value 2004-2009
Table 21 Forecast Health and Wellness Sales: Value 2009-2014
DEFINITIONS
Tourism Parameters
Travel Accommodation
Transportation
Car rental
Travel Retail
Travel Retail Online Sales
Tourist Attractions
Health and Wellness
Internet Sales
Summary 1 Research Sources
TOURISM FLOWS INBOUND
Headlines
Trends
Prospects
Category Data
Table 22 Arrivals by Country of Origin: 2004-2009
Table 23 Arrivals by Method of Transport: 2004-2009
Table 24 Arrivals by Purpose of Visit: 2004-2009
Table 25 Incoming Tourist Receipts: Value 2004-2009
Table 26 Forecast Arrivals by Country of Origin: 2009-2014
Table 27 Forecast Arrivals by Method of Transport: 2009-2014
Table 28 Forecast Arrivals by Purpose of Visit: 2009-2014
Table 29 Forecast Incoming Tourist Receipts: Value 2009-2014
TRAVEL ACCOMMODATION
Headlines
Trends
Hotels
Prospects
Category Data
Table 30 Travel Accommodation Sales by Broad Sector: Value 2004-2009
Table 31 Travel Accommodation Outlets by Broad Sector: Units 2004-2009
Table 32 Travel Accommodation Online Sales: Internet Transaction Value 2004-2009
Table 33 Hotel Company Rankings 2005-2009
Table 34 Forecast Travel Accommodation Sales by Broad Sector: Value 2009-2014
Table 35 Forecast Travel Accommodation Outlets by Broad Sector: Units 2009-2014
Table 36 Forecast Travel Accommodation Online Sales: Internet Transaction Value 2009-2014
TRANSPORTATION
Headlines
Trends
Airlines
Prospects
Category Data
Table 37 Transportation Sales by Sector: Value 2004-2009
Table 38 Transportation Online Sales: Internet Transaction Value 2004-2009
Table 39 Air Company Rankings 2005-2009
Table 40 Forecast Transportation Sales by Sector: Value 2009-2014
CAR RENTAL
Headlines
Trends
Prospects
Category Data
Table 41 Car Rental Sales: Value 2004-2009
Table 42 Car Rental Online Sales: Internet Transaction Value 2004-2009
Table 43 Car Rental Company Rankings 2005-2009
Table 44 Forecast Car Rental Sales: Value 2009-2014
Table 45 Forecast Car Rental Online Sales: Internet Transaction Value 2009-2014
TRAVEL RETAIL
Headlines
Trends
Prospects
Category Data
Table 46 Travel Retail Outlets: Units 2004-2009
Table 47 Travel Retail Products Sales: Value 2004-2009
Table 48 Travel Retail Products Online Sales: Internet Transaction Value 2004-2009
Table 49 Travel Retail Products Company Rankings 2005-2009
Table 50 Forecast Travel Retail Outlets: Units 2009-2014
Table 51 Forecast Travel Retail Products Sales: Value 2009-2014
Table 52 Forecast Travel Retail Products Online Sales: Internet Transaction Value 2009-2014