Colombian tourism needs funds for $20 million

Jaime Cabal, chairman of the Colombian Hotel Association (COTELCO is the acronym in Spanish) presented the national government with a tourism bill and a plan aimed at beefing up the sector with a 20-million-dollar shot in the arm.

During the guild’s yearly meeting held in Medellin, Mr. Cabal stated the country’s hotel front is convinced a new entrepreneurial legislation is required since the one currently in force is shortsighted and does not meet the association’s needs and expectations.

The Colombian exec told Radionet radio station that in the wake of the proposal made to the executive government, COTELCO is gunning for a state-sponsored policy on tourism, a reason why the drafted bill pursues the search of incentives to tap into all the potentials Colombia’s leisure industry has to offer.

“What we’re proposing is a new, all-embracing piece of legislation that mirrors a true state-run policy and plays ball with the tourist sector to allow the latter to exploit all its potentials in order to create jobs, generate hard currency and rev up the economy,” Mr. Cabal concluded.