Monday, April 27, 2009

Tourist Income Drops

The Bank of Guatemala (Banguat) reported a drop of 3.6 percent in foreign tourist trade in the country in the first quarter of this year, compared with same period last year.

The figures included in a report by the central bank show that in this period visitors spent U.S. $364.3 million, while from January to March 2008 the amount was $377.8 million.

Entrepreneurs in the tourism industry say that the global economic crisis and the high cost of airfares is the cause of this decline and in the number of people entering the country.

However, the Guatemalan Institute of Tourism (Inguat) states that the number of visitors during this period increased 3.9 percent over last year.

According to data from Banguat, Guatemalans also reduced their trips abroad and their expenditures in general.

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