Costa Rica Tourism Report Q1 2013Published by: Business Monitor International Published: Dec. 19, 2012 - 42 Pages Table of Contents
AbstractThe Costa Rica tourism report examines the significant long-term potential currently being demonstratedby the local tourism industry, but flags concerns about the proliferation of drug-trafficking throughoutCentral America, which poses a challenge to Costa Rican authorities and could potentially deter tourismto the region. That said, the report also analyses the growth strategies being employed by the country tocontinue to attract arrivals, including airport and port expansions, as well as continued efforts to remainan eco-tourism destination.Costa Rica receives the majority of its tourist arrivals from the Americas, with the top three sourcemarkets for visitors to the country being the US, Nicaragua and Canada. Tourism arrivals, after increasingfrom 1.73mn in 2006 to 2.09mn in 2008, dipped to 1.92mn in 2009 due to the global financial crisis. Thenumbers picked up in 2010 and 2011, rising to an estimated 2.24mn in 2012. Tourism arrivals are forecastto reach 2.36mn in 2013 before growing at an average rate of 6% until the end of our forecast period to2017 Health tourism is an area where Costa Rica can continue to develop its infrastructure to tap further into agrowing market. Already known as a destination for medical tourists, Costa Rica is competing with newerdestinations such as Puerto Rico for the millions of Americans, and people from other countries, whotravel abroad for medical care. In 2011, medical tourism generated an estimated US$100mn in revenue,according to the Council for International Promotion of Costa Rica Medicine (PROMED). In the same vein, Costa Rica is making retirement communities a priority to keep visitor numbers up. Thecountry is targeting North American pensioners by doing away with the red tape of residence permits,especially for those in good health. Tax exemptions on real estate and vehicles are also being offered.Another tourism draw for Costa Rica is spa and wellbeing vacations. The country has been recognised byTripAdvisor users as one of the best places in Central and South America to enjoy spa getaways. Someareas that wellbeing tourists are visiting are the hot springs near the Arenal Volcano, the beaches of theNicoya Peninsula (mainly for its yoga retreats) and the back-to-nature settings of the Central Valleyregion. The planned regeneration of the province of Limón, on the less frequently visited Caribbean coast, has thepotential to put upward pressure on inbound tourism numbers. Puerto Limón was once the home of theUnited Fruit Company (the predecessor of Chiquita Brands International) and the province has twonational parks. The parks have the potential to be a large tourism draw. In our view, the development oftourism infrastructure in the region is likely to unlock great potential. Get full details about this report >> |
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