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Premium member Presentation Transcript The Meeting Point in Central America: The Meeting Point in Central AmericaSlide2: 2005 in numbers Population : 6.7 million GDP : $16.2 Billion GDP per capita: $2,400 GDP Growth: 2.8% Inflation rate: 4.5% Economically Active Population: 2.8 million Average Interest Rate for > 1 year loans: 7% yearly Record in Tourist visits: 1,154,386 Growth Rate in tourist visits : 19.8%Why invest in El Salvador?: Why invest in El Salvador? Variation 2003-2004 NO DEVALUATION RISKWhy invest in El Salvador?: LOWEST INTEREST RATES IN CAFTA REGION Why invest in El Salvador?Why invest in El Salvador?: ONLY COUNTRY IN THE CAFTA REGION THAT OFFERS LONG TERM LOANS Loans granted for over 10 years represent 58% of the new loans Why invest in El Salvador? New Loans: As % of total loans registered in the period 2001-2004 Slide6: MOST COMPETITIVE COUNTRY IN CENTRAL AMERICA, and fourth in all Latin America *Global Competitiveness Report 2005, World Economic Forum. Competitive El SalvadorSlide7: STRONGEST INSTITUTIONS (World Economic Forum) MOST TRANSPARENT ECONOMY IN THE CAFTA REGION (Transparency International) AMONG THE THREE CLEANEST ECONOMIES OF LATIN AMERICA (Transparency International). Soucrce: Transparency International Transparency and Strong InstitutionsSlide8: ONE OF THE MOST LIBERALIZED COUNTRIES IN THE WORLD SECOND FREEST ECONOMY IN LATIN AMERICA, only after Chile. (The Heritage Foundation) Source: The Heritage Foundation Economic Freedom in El SalvadorSlide9: ONLY THREE COUNTRIES IN LATIN AMERICA: CHILE, MEXICO AND EL SALVADOR Investment Grade Slide10: Strategic location Only two hours away from Miami In the heart of the Americas Slide11: 23rd Best infrastructure among 117 countries Competitiveness Report 2005, World Economic Forum. Safest in Central America Only country in C. A. certified category 1 by Federal Aviation Administration Best Airport In Central AmericaSlide12: THE SEAPORT Under construction. To become a world class seaport for POST PANAMAX and POST PANAMAX PLUS vessels. It is expected to be completed in 2008. La Unión seaportSlide13: THE DRY CHANNEL An interoceanic 371 km highway, will connect the Pacific ocean with the Atlantic side of Guatemala and Honduras Seaports. Transportation from one ocean to the other will take 7 hours. Slide14: The best road infrastructure in Central America BEST MAINTAINED HIGHWAY AND ROAD SYSTEM IN CENTRAL AMERICA, and one of the best in Latin America. (Interamerican Development Bank) This could be accomplished through FOVIAL, a fund destined to maintaining the highway and road system. FOVIAL has been used as model by other countries in Latin America.Slide15: Competitive Telecommunications More than 1 million phone lines with an average annual growth rate of 13.7% during the last 5 years. More than 2 million mobile active phones with an average annual growth rate of 158% during the last 2 years. Optic fiber is available throughout the country, with broad band capabilities. Use and Access of Information Technology. Classified no. 59 of 115 countries (leader in the C.A region. ) Source: World Economic ForumSlide16: Electricity System Privatized generation and distribution of electricity Diversified sources of generation: 21% Geothermal, 28% Hydroelectric, 40% thermal, 11% Imported Electricity shortage close to zero. The lowest energy rate in Central America to the industrial sectorSlide17: Who invest in El Salvador?Slide18: DECLARED: Policy of State Priority Industry Budget Priority TourismSlide19: El Salvador has an extended labor force: 70% of population is less than 34 years old 60% of the GDP comes from services English is spoken widely throughout the country Salvadorans are known as hard working and cordial. Key factors for the hospitality industry Service DrivenSlide20: 1,154,536 visitors * $644.2 MM in currencies * 3.8% GDP * 19.8% growth vs 2004 Emerging destinationSlide21: Fiscal Incentives Package - To foster Supply Markerting and Promotion fund - To foster Demand National Tourism Registry - Ordering of the Industry Decentralization – Local Tourism Development Comittees Tourism Law Slide22: Full Import tariffs and VAT exemption for the introduction of goods, equipment, accessories, machinery, including construction materials for the implementation of the project. Full exemption of taxes on Real Estate transfers, for the acquisition of the real estate to be used in the project Full exemption on Income Tax, for a period of ten years beginning the first year of operations. Partial exemption of Municipal taxes up to a 50% of its value during a 5-year period, beginning the first year of operations. Fiscal incentive packageSlide23: US$7.00 Special ContributionSlide24: 5% Special ContributionSlide25: 5% Special ContributionSlide26: Tourism National Plan 2014 ObjectivesSlide27: Qualitative and Quantitative Objectives OBJETIVES 2014 – TURIST ACTIVITIES Constant growth of the tourist activity Prioritize the improvement of qualitative tourist arrivals with respect to the quantitative. Increase of tourist sector contribution to the GDP Consolidate El Salvador among the top 3 tourist destinations in the Central America region 2005 1,154,386 2014 2,000,000 Tourist arrivals: Tourist average stay and expenses: 2005 91.60$ 2014 140$ 5.5 days 7 daysSlide28: Distribution based on traveling motivations: Tourists distribution based on place of origin OBJECTIVES 2014 – TOURIST DEMAND Increase the share of international tourists, against Central American arrivals. Define and consolidate the brand awareness of El Salvador's. 2005 2014 2014 2005Slide29: OBJECTIVES 2014 – Tourism offer . Increase the receptive capacity as a tourist destination and foster a high quality service offer. Promote National and Foreign Investment in the sector. Link fiscal incentives to the completion of at least 1000 investments in the lodging offer, restaurants and complementary services. 2014 12,000 Rooms 2004 5,000 Rooms Increase in offer of tourist lodging: 200 new establishments 90% “Boutique hotels” with an average capacity (<50 rooms)Slide31: Products and Tourist Resources Congress and Conventions Beach and Sun Surfing Sport Fishing Scuba Diving Relaxing Culture and Archaeology Nature and Adventure Rural and Eco-TourismSlide32: San Salvador: “Is the favorite city for businessmen in Central America.” (Latin Trade, February 2006 edition )Room availability: Room availability Total rooms 5,757 In San Salvador 36% International chains 25% Convention Centers 12,516 mts2 in hotels >142,000 mts2 in fairgroundSlide34: Air Connections American Airlines Continental Delta Grupo TACA Aeromexico COPA United Airlines (Over 32 direct flights daily from and to major cities in the US, Canada, Central America & South America) Road infrastructure 35 minutes to a surfing beach 20 minutes to a volcano 20 minutes to a volcanic lake 4 hours to Antigua Guatemala, Guatemala 6 hours to Tela & Ceiba, Honduras 8 hours to Managua, Nicaragua ConnectivitySlide35: Fully booked since DAY 1. Building 180 additional rooms Most recent success storySlide36: Unspoiled Unexploited Hard working and nice people The freest country in Central America The only country in C.A. certified Category 1 by the FAA EL SALVADOR IS:Slide37: The country with the best road system in C.A. The country with the shortest distances between destines The country with the most convenient geographical location The only dollarized country in C.A. The only country with Investment Grade in C.A. EL SALVADOR IS:Slide38: The country with the strongest banking system in C.A. The country with the lowest interest rates in C.A. A country with attractive Fiscal Incentives for Tourism Investors The fastest emerging destine in C.A. Ready for your business EL SALVADOR IS:Slide39: Thank You ! You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.