Hotel Market Statistics in Costa Rica

Up to December 2015 2.559 hotels with 47,452 rooms were registered in the country, of which 70% are located in the city and at the beach.

Monday, February 8, 2016

Market figures have not yet reached the levels recorded before the crisis of 2008, when the Costa Rican Chamber of Hotels counted 2,599 hotels in operation, spread across different areas of the country, but are instead concentrated in the large metropolitan area and coastal areas.

Regarding hotel developments projected for this year and in the short term, a sector analysis prepared by Elfinancierocr.com states that "... four new complexes are comining in the medium term for the Central Valley, but their feasibility is still being analyzed, revealed Gustavo Araya, president of the Costa Rican Chamber of Hotels (CCH) ".

See also: "Multi Million Dollar Tourism Development Planned"

Regarding hotel distribution by area, the report reveals that "... the Central Valley and Guanacaste account for 68% of all hotels on national soil, ie, there are 972 hotels and 768 hotels respectively in each zone. This factor coincides with participation by type of project: 70% between city and beach accommodations ".

In ten years, the average occupancy recorded in hotels in Costa Rica is 54%, a rate that has recovered after the global recession. Still, the number of hotels operating has not returned to the amount recorded before 2009: 2,559 in 2015, up from 2,599 at the time. Between 2005 and 2015, the number of rooms grew by 22.5% for a total of 47,452 at the end of 2015, according to CCH. Projections made by the Central Bank of Costa Rica indicate that 2016 will generate $2,893,000 in revenue from tourism and by 2017 this amount will reach $3,161,000.

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More on this topic

Increase in Hotel Supply

September 2019

In the last decade, the number of hotel rooms in Costa Rica has increased at a 4% average annual rate, and in 2018 Guanacaste was the area that concentrated a quarter of the hotel offer, monopolizing about 26% of the total.

Figures from the Costa Rican Tourism Institute (ICT) detail that between 2008 and 2018 the number of rooms dedicated to lodging increased by 15,474, from 41,759 to 57,233.

The Hotel Market in Costa Rica

April 2014

60% of hotels operating in the country have less than 30 rooms, in a market with oversupply in certain areas and a demand that is not growing.

Of the 2,515 hotels reported by the Costa Rican Tourism Institute, more than half are small establishments and family-run structures, while the others corresponds to large chain hotels, with a greater number of rooms.

Hotel Supply Exceeds Demand In Costa Rica

February 2013

As new projects are announced, especially in the metropolitan area, the average occupancy rate decreased from 55% in 2011 to 54.1% in 2012.

Crhoy.com reports that "While the Costa Rican Chamber of Hotels (CCH) declares that there is low hotel occupancy, new projects are being drafted, primarily in the Central Valley, even though various sectors assert that demand does not justify the increased supply."

Costa Rica: Hotel Occupancy Does Not Meet Expectations

January 2013

The hotel industry ended the year with an occupancy rate of 65.5% in December, below expectations of 70%.

According to a survey conducted by the Costa Rican Chamber of Hotels, the low occupancy rate was recorded both at the beach hotels as well as mountain resorts.

"As usual, the most sought after hotels are on the beach. Occupation in this sector was 84%, although in 2011 it reached 97%.

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