Thursday 23 September 2021

Costa Rica Predicts Strong Competition in Caribbean Tourism

Paying the bills

Latest

Why the billions in English are not like the billions in Spanish

What amount would you prefer to have saved in...

Health confirms 15 cases of malaria on the border with Nicaragua

QCOSTARICA - An outbreak of 15 people positive for...

Conditions worsen for Haitian migrants on US-Mexico border

Q24N - Conditions are deteriorating in a camp on...

Costa Rica, Panama and Dominican Republic seek a solution for Haiti

QCOSTARICA - Costa Rica President Carlos Alvarado, Luis Abinader...

Mexico finds a Latin American ally in Venezuela’s Maduro

Q24N - The recent summit of the Community of...
Paying the bills

Share

Canoeing through Tortuguero National Park. | Photo:  Thorntoncohen.com
Canoeing through Tortuguero National Park. | Photo: Thorntoncohen.com

QCOSTARICA –  Costa Rican tourism authorities predict that 2015 will be a positive year for this industry in the country, but they consider that they have a strong regional competition, mainly Nicaragua, Panama, Colombia and Cuba.

From January to September 2014, Costa Rica welcomed more than 2.190.000 tourists and estimates suggest that the annual total should exceed 2.4 million who entered the country in 2013 and generated revenues of more than US$2.427 billion dollars.

- Advertisement -

We have to correct several problems, but the issue of energy cost is key and the government has not understood that the current rates hinder the price of hotel accommodation, said Gustavo Araya, Executive Director of the Costa Rican Chamber of Hotels (CCH) to Crhoy.com.

Funding for tourism and hotel industry is another point to be reinforced in this 2015, because according to the Superintendent of Financial Institutions, only 3.5 percent of the credit portfolio of the country goes to that sector, he said.

Regarding the regional competition, Pablo Heriberto Abarca, Executive Director of the National Chamber of Tourism, said that the regional competition focuses on countries such as Nicaragua, Panama, Colombia and now Cuba, where an influx of US tourists – who are the largest source market to Costa Rica – is expected.

Tourism in the country directly employs over half a million people, and its revenues represent almost 10 percent of the Gross Domestic Product (GDP).

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Why the billions in English are not like the billions in Spanish

What amount would you prefer to have saved in the bank,...

Health confirms 15 cases of malaria on the border with Nicaragua

QCOSTARICA - An outbreak of 15 people positive for malaria on...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.