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          Home Updates

          El Salvador Witnesses A Huge Spike in Tourism Amidst The Bear Run of Bitcoin

          Coinz Press by Coinz Press
          August 9, 2022
          in Updates
          El Salvador

          credit: bitcoin.com news

          The Central American country El Salvador is a great place for tourists. In fact, the country’s economy also depends largely on the income from tourism. The natural beaches offer some of the best surfing breaks on the Pacific Coast. In addition, the country is covered with lush green forests full of vibrant wildlife. Moreover, it is also a hotspot for cultural tourism. With more than 2000 archaeological sites, El Salvador greets us with its Mayan and Olmec cultural pasts.

          However, as the country became the first one to make Bitcoin a legal tender, various people speculated that it will have a negative impact on the country and its economy. However, as of now, things are going really positive for the nation. In fact, the first half of 2022 has seen a great increase in tourism activities in the nation. If you wish to know more about the incident, keep reading this article.

          The Surprising Spike in Tourism

          The Surprising Spike In Tourism
          Credit: Ai global media ltd

          We already know that El Salvador is a paradise for tourists. With its large variety of tourist attractions, the country is always ready to greet you. However, the year 2022 has already seen a sharp spike in the graph of tourism activities. Government data claims that tourism has increased by 82.8% in 2022, recording around 1.1 million visitors till now.

          In fact, the WTO has verified the claims of El Salvador. WTO has ranked the country among those few nations, that have made stunning growth in tourism by January 2022. In addition, the WTO report showed that Salvador has achieved over 81% increase against 2019 or the pre-pandemic levels

          El Salvador es reconocido internacionalmente como uno de los países con mejor ritmo de recuperación turística en la región a enero 2022.

          Según datos de la @UNWTO, el país posee una recuperación del 81%, más información en el siguiente enlace:
          🔗 https://t.co/Y9WVK1VJLe pic.twitter.com/wu7Jl25pEK

          — Ministerio de Turismo (@MITURElSalvador) March 31, 2022

          When El Salvador decided to use Bitcoin as part of its tender, various people opined that the price drop of Bitcoin would negatively affect the country’s economy and tourism. However, tourism trends till now have been proving the doubts baseless. Moreover, it has defiled Bitcoin’s downward trend in its bear run.

          Also read: Gibraltar Success After Major Chains Gave It Boost

          Proponents of Bitcoin Flock to El Salvador

          Since the legalisation of Bitcoin in El Salvador, the Bitcoiners are making repeated trips to the Central American destination. In fact, the big shakers and personalities of Bitcoin, like Samson Mow, Jeff Booth and Obi Nwosu have visited the nation.

          In fact, many Bitcoin enthusiasts have expressed their thrill after visiting El Salvador. For instance, Tone Vays, who is a Bitcoin analyst, lamented that most people in the world are unaware of the existence of the country.

          Concluding Lines

          The Ministry of Tourism took to Twitter to share the nation’s stunning growth in tourism. Follow the link to see the tweet:

          In fact, the general director of Strategic Projects of the Ministry of Tourism of El Salvador, Alex Bonilla stated that more spike in tourism is yet to come during the summer holidays. Therefore, as of now, El Salvador has smashed all negative speculations as the country witnesses a record surge in tourist activities.

          Also read: CEO of White Rock Management Predicts a Positive Future For Crypto Mining

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