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Travel and Tourism in Costa Rica to 2018 - New Market Study Published

Recently published research from Timetric, "Travel and Tourism in Costa Rica to 2018", is now available at Fast Market Research

 
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Boston, MA -- (SBWIRE) -- 04/08/2014 -- The Costa Rican travel and tourism sector was adversely affected by the global recession in 2009 and 2010. The sector experienced slow recovery in 2011, and started to gain momentum in 2012. The Costa Rican tourism board's (ICT) initiatives to promote domestic and international tourism and government developments of new tourism infrastructure and improvements in existing infrastructure are supporting the sector's development.

Report Highlights

The first National Tourism Fair of Costa Rica, aimed at encouraging domestic tourism, was held in San Jose in November 2013. Around 45 domestic companies participated in the event, including tour operators, theme park agents, car rental companies, hosting companies, and rural tourism operators. Domestic tourism packages and destinations were promoted, increasing the competitiveness and quality of services offered.

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The government is also expanding Juan Santamaria International Airport at a cost of US$18 million by building two additional boarding gates to help accommodate an additional 260,000 passengers annually. The airport will also be remodeled with the construction of a hangar and other auxiliary facilities at a cost of US$34 million. These activities began in November 2013. The hangar will be located 150m from the runway and will have the capacity to house six Boeing 757-300 planes.

Investment in Costa Rica's hospitality industry is increasing at a healthy pace. For example, Starwood Hotels & Resorts announced the opening of its Sheraton San Jose hotel with 172 rooms in July 2013, and Hyatt Hotels opened a five-star property, the Andaz Peninsula Papagayo, in Guanacaste with 127 rooms in December 2013.

UK-based car rental company Green Motion announced the sale of its franchise in Costa Rica in August 2013. The franchise will be run by Toyota Rent a Car. Green Motion Costa Rica will offer vehicle rentals from eight locations, including Alajuela International Airport and Liberia International Airport.

According to the Travel and Tourism Competitiveness 2013 report, the country's lack of cultural sites weakens its competitiveness in terms of attracting international tourists. However, tour operators have started to create cultural tour packages based on modern Tico culture. Tour operators are also focusing on chocolate and coffee tours, and cookery classes.

Report Scope

This report provides an extensive analysis related to the tourism demands and flows in Costa Rica:

- It details historical values for the Costa Rican tourism sector for 2009-2013, along with forecast figures for 2014-2018
- It provides comprehensive analysis of travel and tourism demand factors, with values for both the 2009-2013 review period and the 2014-2018 forecast period
- The report provides a detailed analysis and forecast of domestic, inbound and outbound tourist flows in Costa Rica.

Companies Mentioned in this Report: Copa Airlines Costa Rica, Lineas Aereas Costarricenses SA, United Airlines Costa Rica, Best Western Hotels Costa Rica, Marriott Hotels Costa Rica, InterContinental Hotels and Resorts Costa Rica, Hilton Hotels & Resorts Costa Rica, Barcelo Hotels & Resorts Costa Rica, Dollar Rent A Car Costa Rica, Hertz Rent-a-Car Costa Rica, Sixt Rent a Car Costa Rica, Avis Rent a Car Costa Rica, Budget Car Rental Costa Rica, Vesatours, Costa Rican Vacations, Viajes Camino del Sol SA, Travel Excellence SA

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