Venezuela’s tourism market is abysmal

Global Business

The economic crisis in Venezuela appears to be impacting its beleaguered tourism industry. Despite the country offering snow capped mountains and thousands of miles of Caribbean coastline it has become increasingly hard for tourists to visit. CCTV’s Martin Markovits filed this report.

Venezuela’s tourism market is abysmal

Venezuela’s tourism market is abysmal

The economic crisis in Venezuela appears to be impacting its beleaguered tourism industry. Despite the country offering snow capped mountains and thousands of miles of Caribbean coastline it has become increasingly hard for tourists to visit. CCTV's Martin Markovits filed this report.

Highlights:

  • Airline Alitalia announced this week it would end flights to the South American nation beginning in April.
  • Carriers like Delta and American Airlines are cutting back flights or closing shop due to unpaid debts with the Venezuelan government. The airlines say Caracas owes them nearly four billion dollars.
  • President Nicolas Maduro decreed that US citizens must now obtain a visa before entering the country. A move analysts fear could hurt an industry already struggling to get visitors.
  • Venezuela is the only country in the world that has not seen tourism increase since 2009.
  • leperman

    Don’t worry they are about to let the Chinese start mining coal in the pristine wilderness to try and make a few bucks. Venezuela is a hopeless economic basket case and the longer it takes to completely fail the worse the crash will be.