Illiquidity goes across Ecuador

Image: Expreso

Trade

Usually in the first quarter there is a decline in sales of the commercial area in Babahoyo (Los Ríos).

However, the majority of small and medium entrepreneurs consulted by Daily Expreso agree that currently the situation is worse. For several weeks some shops are closed with signs of “For rent.”

A trader, who worked from August to December 2015 in a shop where he paid a rent of $ 650, left the business because it did not generate enough resources to even to pay the rent.

Tourism

While on holidays and weekends peninsular beaches receive a significant number of visitors, Otton Arboleda, president of the Chamber of Tourism of Salinas, ensures that the economic crisis hits the guild with great force, “people go to the beaches for hours and immediately return home, lodging at a hotel at the beach ceased to be a priority for vacationing,” he says. The same happens in the commercial sector of the area.

The leader showed statistics of 2015, where the decline was 60% compared with 2014 figures, “the situation has been getting worse every year and hoteliers have chosen to lower room rates, a family room cost $ 60 before, it now costs $ 50.”

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8854649&idcat=38269&tipo=2