Restaurants: Investments in Costa Rica Announced

During the rest of the year, the Papa John's pizza restaurant chain plans to open seven new points in the Greater Metropolitan Area.

Monday, August 26, 2019

The company said in a statement that the first of the seven locations that are planned to open, is located in Barva de Heredia and began operating last August 24.

See "What kinds of Foods Do Costa Ricans Prefer? reviews that "... The expansion of the brand in Costa Rica is due to the arrival of the new group operator Drake Food Services, a company that acquired the representation of the franchise in November last year, detailed the company."

The article adds that "... Despite the country's economic conditions, businessmen see opportunities for growth and Papa John's will create more than 100 jobs in the remainder of 2019.

You may be interested in "Restaurants: Trends and Preferences in Guatemala

Papa John's currently has 24 restaurants nationwide and is working on market studies to open more stores outside of the Greater Metropolitan Area beginning next year.

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Taco Bell, located on 6th Avenue in zone 9 of Guatemala City, has a potential market of 315,000 consumers 15 minutes away by car. Of this group of people, 26% are interested in fast food and 15% in Mexican food.

Using the Geomarketing solutions we have developed for our clients, CentralAmericaData's Trade Intelligence team analyzed the environment of some of the main locations of fast food restaurants operating in Central American countries. Below is an extract of the study's findings.

Pizzas, Restaurants and Consumer Trends

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In Central America, nearly 13 million people search online and participate in conversations related to pizzas, with Papa John's, Pizza Hut and Domino's Pizza being some of the chains with the greatest presence in consumer interactions.

An analysis of consumer interests and preferences in Central America, prepared by the Trade Intelligence Unit of CentralAmericaData, provides interesting results on people's preferences and tastes in food and all kinds of products or services, as well as restaurant chains and activities.

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.

Pizza Market: Competition Increases

September 2019

In Panama, in the last three decades the business has been growing, which is reflected in the considerable increase in franchises, which compete for a share of the market.

The first international franchises to reach the country were Pizza Hut and Domino's Pizza in 1987 and 1988, respectively. Then others were established such as Tamburelli Pizza & Pasta, Athen´s Pizza, Ciao Bella Pizza, Pizzería Italiana and Napoles.

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