Tourism chamber will address issue of weak dollar

The national tourism chamber, along with other tourism associations, is hosting a press conference today about the impact of the exchange rate on the industry.

Currently the rate from dollars to colons is 1 to 498.5. The Cámera Nacional de Turismo said it is worried that the fluctuating rate could have a negative impact on the influx of tourist.
The 9 a.m. press conference will be a place for interested parties to put this idea into perspective, as well as discuss the future impact, the chamber said.

The goal is to create a proposal for the government designed to stop a decrease in tourism before it happens, the chamber said.

Tourism operators generally receive payment in dollars but have to pay expenses in colons, so they are vulnerable to a weak dollar.

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