Gastronomic Market Saturation in Costa Rica

Between 2010 until October 2013 at least 500 restaurants were built in the country.

Tuesday, October 29, 2013

The data was supplied by the Association of Engineers and Architects (CFIA). The increase occurred in all areas and all categories, which include restaurants and bars, plus six other categories, as defined by the Treasury Department.

Elfinancierocr.com reports that "if you encompass the eight in a single block, the data shows that the amount of legal persons who declared income grew by 11.6% between 2009 and 2012". Meanwhile, sales tax was up 16.5%.

According to Manuel Burgos, president of the Costa Rican Chamber of Restaurants (caCORE), the increase in the number of restaurants is due to the fact that up until a few years ago the business was profitable, however, saturation has caused big losses for many entrepreneurs.



More on this topic

Fast Food: Chains with Investment Plans

January 2020

Pizza Hut, KFC and Subway are some of the fast food chains that plan to invest in opening new restaurants during 2020.

The Pizza Hut chain plans to invest close to $1.8 million in the opening of six new stores this year. The points of sale could be located in the areas of Aserrí, Paraíso de Cartago and San Ramón de Alajuela.

Pizza Chain is Preparing New Investments

September 2019

In Costa Rica, the Pizza Hut chain expects to invest about $1.6 million in the next few months in the opening of six new sales points outside the Greater Metropolitan Area.

Representatives of the company informed that the new premises will be located in Nicoya, Orotina, Quepos, San Rafael de Alajuela, Turrialba and San Ramón. In the case of the sales point in Nicoya, it was inaugurated last September 17.

Fast-food Chains Propose New Investments

December 2018

In Costa Rica, fast food restaurant chains plan to open at least 14 new sales points in different areas of the country next year.

Some of the companies planning to expand their restaurant chain in 2019 include: Taco Bell, Pizza Hut, McDonald's, Subway, KFC and QSR International, and their key commitment to further expansion will be to move into smaller locations.

More and More Places to Eat in Costa Rica

August 2013

In the last two years the supply of fast food restaurants has doubled, and now oversupply is being noticed in a decline in sales, which have fallen by 10%.

According to Manuel Burgos, president of the Costa Rican Chamber of Restaurants and Related Businesses (Cacore), with the opening of new shopping centers such as Lincoln Plaza in Moravia, Paseo Metrópoli, in Cartago, and Plaza Tempo, in Escazu, at least 80 restaurants of this type have opened.

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