Increase in Hotel Supply

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.

Tuesday, September 17, 2019

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.

Guanacaste in 2018 accounted for 26% of the total number of rooms, followed by the Central Valley area with 23% and Puntarenas with 11%.

You may be interested in "Tourism and Travel: Consumer Interests and Preferences

In the case of the number of establishments dedicated to the hosting service, this data went from 2,599 in 2008 to 3,748 by 2018, which represents a 40% increase for the decade in question.

Javier Pacheco, president of the Costa Rican Chamber of Hotels (CCH), told that "... Costa Rica has even more room to grow in the supply of rooms for tourism."

Pacheco added that "... this amount of space is not enough for the expected increase in tourist arrivals because of the country's promotion by the ICT in coordination with businessmen and, especially given the policies to attract more airlines to Costa Rica, on the one hand, and take the existing ones to increase the number of flights, on the other hand."

See full ICT figures.

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Hotel Market Statistics in Costa Rica

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In Panama the increase in room supply has caused a price war between hotels trying to attract travelers and increase the occupancy rate which on average is not more than 60%.

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