Managua was not until the mid-1990s that Managua began to see a resurgence. Managua's population is composed predominantly of mestizos and whites who are mainly of Spanish descent, with a minority being of French, Jewish Nicaraguan, German Nicaraguan, Italian, Russian and Turkish descent. There are two possible origins for the name "Managua". It may have originated from the term "Mana-ahuac", which in the indigenous Nahuatl language translates to "adjacent to the water" or site "surrounded by water". Or, it may have come from the Mangue language, where the word "managua" was said to mean "place of the big man" or "chief".
Managua the Augusto C. Sandino International Airport, the country's primary international gateway, and regional Los Brasiles airport and Punta Huete military air base, recently renewed. Managua is also home to all of the major banks of the nation, Banco de la Producción (BANPRO), Banco de América Central (BAC), Banco de Finanzas (BDF), Banco de Crédito Centroamericano (Bancentro) and its parent company the Lafise Group. Several new hotels including Crowne Plaza, Best Western, InterContinental, Holiday Inn, and Hilton currently have facilities in Managua. As well as many hotels, Managua has opened four western style shopping centers or malls, such as Plaza Inter,