Confidence Index for Tourism in Costa Rica

The National Chamber of Tourism will prepare a quarterly Tourism Confidence Index, which will measure the performance and prospects of Costa Rica’s tourism sector.

Tuesday, May 19, 2009


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The investigation stems from a periodic survey carried out by the Chamber’s Department of Research and Statistics.

It is conducted under the assumption that real tourism activity and the short-term perception of said economic activity affect confidence in the business environment and, as a result, have an effect on decisions made by entrepreneurs. Greater confidence and optimism presupposes an increase in the desire to make expenditures and investments and to obtain loans. On the other hand, lower confidence or pessimism presupposes an increased desire for less spending and investment as well as new budget constraints and organizational restructuring decisions at a business level.

"It is considered that when many entrepreneurs change their perspective at the same time, there is a widespread change in corporate behavior that positively or negatively affects tourism in the country and thereby the national economy. Therefore, what was perceived as a perspective becomes a reality in the medium term," noted Gonzalo Vargas, president of CANATUR.

The business sector survey during the First Quarter of 2009 showed a generally bleak picture, with the exception of the supply and services sector, which displayed positive numbers. Hotels and travel agencies are the ones hardest hit by the crisis.

More on this topic

Tourism Down Less than Expected

April 2009

In Costa Rica, the business sector expected a greater drop in the level of reservations for this past Easter.

The study "Perceptions of Costa Rican Tourism Entrepreneurs on the Effects of the Economic Crisis on the Tourism Industry" conducted by the National Chamber of Tourism shows that 71.2% of the entrepreneurs in the sector who in March had projected a decrease in reservations for Easter Week with respect to 2008, only 51.7% still believe that reservations were lower."

Bad Season for Hotels in Costa Rica

September 2013

In September and October hoteliers reduce or close their operations due to the low levels of occupancy recorded at this time of year.

Many of these companies send their employees on training courses or terminate their contracts as occupancy levels in these two months are at the lowest of the year.

Costa Rica: Tourism in 2010

January 2010

In 2009, the arrival of international tourists dropped 9%, while domestic ones 15%. 2010 should be better.

The recovery will only be felt in the second half of the year, even though since November 2009 most statistics are showing a trend shift from negative to positive.

An article in Elfinancierocr.com analyzes the subject, with opinions from tourism entrepreneurs and institutions.

Promoting Tourism in Nicaragua

January 2015

Tourism entrepreneurs disagree with the list of countries in which the Nicaraguan Institute of Tourism has announced it plans to promote the country.

The tourism promotion agenda includes a visit to the United States, the Netherlands, Finland, Spain and Germany, among others, where tourism facilities on offer for 2015 will be presented.

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