The Mukul Resort and Spa sparks growth in Nicaragua's hotel industry
The launch of the first luxury five star hotel - Mukul Resort and Spa in Nicaragua has sparked a trend with international hotel brands including Wyndham Hotels and Resorts and Hyatt Hotels and Resorts both expected to launch properties over the course of the next two years. The increase in foreign investment comes at a time when the tourism industry is booming with improved infrastructure making some of the country's more remote destinations accessible.
Nicaragua has long been the home of boutique hotels however the launch of the Central American country's first ever luxury five star hotel the Mukul Resort and Spa seems to have sparked a trend with other international hotel brands set to launch properties over the course of the next two years.
Situated along the white sandy Playa Manzanillo beach in Nicaragua's renowned "Emerald Coast" this five star luxury resort exists in harmony with the natural beauty of the surrounding rainforest. The Mukul Resort and Spa features villas with their own wrap around decks, each villas has an indoor monsoon shower and an outdoor rain shower for a really authentic and unforgettable rainforest experience.
The Mukul Resort and Spa was first launched at the end of February 2013 and now travel enthusiasts keeping a close eye on the Nicaragua holidays industry can look forward to booking a stay at new properties from Wyndham Hotels and Resorts, expected to launch in 2014, as well as Hyatt Hotels and Resorts who plan to launch in the next two years.
The latest trend in Nicaragua's hotel industry is a direct response to the country's fast growing tourism industry. Official figures have shown a 11 per cent increase in the number of bookings for Nicaragua holidays from January to September 2012. Tourism officials have noted that improvements in the road networks and the accessibility of some of Nicaragua's more remote sites have helped to boost tourism as well as lift investor confidence.
Nicaragua has attracted investment from international hotel groups, airlines now increased number of flights to Nicaragua as well as cruise line arrivals which is expected to have a boom in 2014 when the renovation works at the San Juan del Sur port are completed.
In 2012 there was a reported 11.45 per cent increase in foreign investment in Nicaragua and with the Nicaraguan tourism Board INTUR forecasting a 12 per cent growth in 2013, the near future looks bright for Nicaragua.
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