Hotel Occupancy Rates Dip

The hoteliers union of Costa Rica reported that the occupancy level in the mid-year holidays of 2018 is 65%, 3% less than the average figure reported in the same period in 2017.

Monday, July 2, 2018

According to a survey carried out on June 29 by the Costa Rican Chamber of Hotels (CCH), in which 80 accommodation centers were consulted, between the mid-year vacations of 2017 and this year, the average occupancy rate fell from 68% to 65%. 

See "Central America: $766 million in tourism projects"

Regarding the factors that influenced the downturn, Flora Ayub, executive director of the CCH, explained to Nacion.com that " ... One of them is the Football World Cup, because a lot of Costa Ricans travel to this sporting activity and, therefore, stop investing in recreational activities in the country. The second factor that, according to the hoteliers, is impacting local demand for tourism is the distribution of vacations in [different time] periods ... families have already invested at the end of the year and during Holy Week, so they are more cautious when going out again in the half term vacation period."

See also "Costa Rica: $23 million for medical tourism center"

The article adds that " ... the consultation indicates that there are regions where better occupancy is expected. In the northern zone, especially La Fortuna, hoteliers expect demand of 73%, compared to a forecast of 59% for Guanacaste (North Pacific) and 58% for the Pacific coastal strip (Central Pacific and South Pacific)." 

Do you need more information about your business sector?

Request more information:









this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Tourism and Hotels: Forecasts for 2021

December 2020

Due to Costa Rica's estimated average hotel occupancy rate of 52% by 2020, well below the 95% recorded at the end of 2019, businessmen in the sector expect that in this context of crisis there will be no peak seasons next year.

The tourism sector is one of the hardest hit by the economic crisis generated by the outbreak of covid-19, because mobility restrictions, the closure of air terminals and the fear of tourists to be infected, have influenced the drastic fall in tourism activity.

Costa Rica: Hotel Occupancy reached 72% in December

January 2014

Beach hotels recorded the highest occupancy of 74.1%, local mountain hotels had 70.24% and those in the city had an occupancy of 69.23%.

Although the expectation of 78% occupancy projected by the National Chamber of Tourism (CANATUR) was not reached, it was the highest average level in the last four years.

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.

Drop in Domestic Tourism in Costa Rica

July 2013

During the mid-year holiday demand for accommodation decreased by 12% compared to the holidays in 2012, recording only 45.52% in occupancy by Costa Ricans.

From a statement issued by the National Chamber of Tourism (CANATUR):

Drop in hotel occupancy during mid-year holidays


Costa Rica ECO-Residential Development & Business

Real Estate Development & Adventure Park Jacó, Costa Rica. Multiple Investment Opportunities Available.
The Ocean Ranch eco-residential development is located...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Jan 21)
Brent Crude Oil
87.070
Coffee "C"
237.55
Gold
1,836
Silver
24.26