Costa Rica Tourism Report Q2 2016
BMI View: Costa Rica's tourist industry will continue to grow over the medium term, although arrivals willtail off towards the end of the forecast period. This underlines the industry's dependence on arrivals fromNorth America. There is strong government support for the tourism industry and marketing efforts aim todiversify away from the US. However, we anticipate that this will be a long-term project and industrygrowth will continue to track US arrivals.
Key Updates And Forecasts:
We have lowered our forecast for arrivals growth from North America to 2.4% for 2016 and as a resulthave lowered our overall arrivals forecast to 1.92%.
With hotel growth slowing, we are now forecasting industry value to decline in both USD and localcurrency terms in 2016, to USD1.63mn.
Greater co-operation between the US and Costa Rican security forces is designed to crack down on drugtrafficking through the country, which will have positive implications for crime rates.
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