As per a recent report, El Salvador has witnessed a boom in tourism amid its Bitcoin adoption as a legal tender.
As per a report from Santander, shared by El Salvador President Nayib Bukele, the country welcomed 3.9 million tourists in 2024, which was a 22% increase from the previous year. Notably, the visitor numbers nearly doubled compared to the period between 2013 and 2016.
The growth has been supported by huge improvement security conditions, with December 2024 recording just a single homicide incident. Besdies, the annual homicides dropped to 114 in 2024 from 6,656 in 2015, the report says.
Construction Boom and Improved Security Driving The Surge
The boom in contruction and much higher mobility have allowed for the exploitation of the eco-tourism industry. Besides, the breakdown of tourists via geography showed an important surge in US-based visitors which may include some “BTC novelty tourists.” The improved security in El Salvador is encouraging Salvadorans living abroad, especially in the U.S., to visit their families, boosting the to