Nayib Bukele, president of El Salvador, said the rapid recovery of tourism in the country had to do with three elements, including surfing, bitcoin and an overall decrease in crime. El Salvador was one of 15 countries that managed to raise their tourism income to pre-pandemic numbers, according to data from the World Tourism Organization.
Nayib Bukele International tourism development is supported by Bitcoin in El Salvador
Nayib Bukele, the president of El Salvador and a supporter of the adoption of bitcoin (BTC) as legal tender in the country, shared his thoughts on increasing tourism income in the country of El Salvador. Bukele stated that this growth was the consequence of three main factors: bitcoin, the promotion of surfing and the reduction of crime.
The president tweeted declare yourself:
Only a few countries have been able to restore their tourism to pre-pandemic levels. And this is international tourism, so the reasons behind it are mainly bitcoin and surf.
El Salvador was recently included in a list of countries whose tourism income has returned to pre-pandemic levels. According to the World Tourism Organization, El Salvador managed to increase its tourism revenue by 6% compared to 2019.
This report is consistent with what authorities have been saying about the effect that the inclusion of bitcoin has had in the country since it was declared legal tender. In February, Morena Valdez, the country’s tourism minister, said the tourism industry had grown by 30% since this event.
Statistics further show that the crime and homicide rate in El Salvador has decreased significantly as of 2020. Additionally, when it comes to surfing, El Salvador is home to some of the top waves in the world.
Domestic tourism is also increasing
However, the president also made reference to the development of national tourism, stating:
But domestic tourism is growing even more, mainly because of our crackdown on gangs.
Bukele’s government has been heavily criticized for its crackdown on gang-related crime, declaring a state of emergency that resulted in the arrest of more than 9,000 people last April. However, Bukele claims that this has boosted the growth of the national tourism industry.
To support his arguments, Bukele also linked to the Google Mobility Report, a collection of data that shows the change in the number of visits made to certain places. The report shows that visits to retail and leisure venues, grocery and drug stores and parks have increased over the past three months.
The government is also expecting new bitcoin investments that will bring more bitcoin supporters to the country. Milena Mayorga, El Salvador’s ambassador to the US, recently announced that Bank Of The Future, a cryptocurrency investment platform, was to invest $6 billion in the country.
What do you think of Nayib Bukele’s view on the influence of Bitcoin on the development of the tourism industry in El Salvador? Tell us in the comments section below.
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