Tourism: Falling Revenues and ForecastsAfter foreign exchange revenues from tourism in Costa Rica fell from $4 billion to $1.343 billion between 2019 and 2020 due to the closure of borders and airports, it is projected that the sector will remain in the red during 2021.Monday, May 10, 2021
March 2020, when most countries began to register Covid-19 cases, was the month in which revenues began to fall. Statistics from the Central Bank of Costa Rica (BCCR) show that in this context of pandemic, between April and October of last year, the Costa Rican tourism industry practically did not earn any foreign currency. Source: Nacion.com Do you need Business Intelligence solutions for the tourism sector? Contact UsNeed assistance? Contact us
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Costa Rica: Tourist Arrivals Fall 68% in 2020January 2021 Due to the outbreak of covid-19 worldwide and restrictions on passenger transportation, only 1.01 million visitors arrived in the country during 2020, 68% less than what was reported in 2019, when 3.14 million tourists arrived. More American Tourists Arriving in Costa RicaDecember 2020 Between October and November, the number of visitors from the US quadrupled, from 6,000 to 24,000, a rise reported in the context of the economic reopening and the reactivation of commercial flights. Costa Rica: Ideas to Save the Tourism SectorMay 2020 Refinancing the debts of tourism companies, reviewing the exchange rate policy so that the country is not a very expensive destination and recovering the category of aviation security are some of the actions that the government should focus on to prevent the bankruptcy of this sector. Hotels: Rates in Costa Rica Fall 25%May 2020 Because of the restriction measures decreed in the country due to the covid-19 outbreak, between March and April of this year the average hotel rate for two people decreased from $160 to $120.
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