Tourism: Less Travel, Less Expense

Because of the country's economic situation, between 2017 and 2018 there was a 2% drop in the number of Costa Ricans who left from Juan Santamaria Airport and 4% in total expenditures abroad.

Tuesday, October 15, 2019

Aeris Costa Rica figures detail that between 2017 and 2018 the number of national departures from Juan Santamaria Airport went from 793,000 to 780,000. Regarding 2019 data, up to September the figure reaches 579,000.

With regard to the expenditure made by Costa Ricans on trips abroad, the Central Bank estimates that in 2017 the amount reached $895 million and in 2018 fell to $862 million. For the first semester of 2019, expenses of $421 million are recorded.

This decrease is reported in a context of economic slowdown, since the Monthly Economic Activity Index reported in May a 1.3% year-on-year increase, one of the lowest growth rates reported in recent years, as a similar variation was not recorded since November 2013.

Fernando Naranjo, an economist with experience in the airline industry, told that "... the factors influencing this decline are: the degree of indebtedness that limits people. Family income, in real terms, has decreased this year because salaries, both public and private, in current values (without subtracting inflation), have remained practically the same for a year and a half."

Sary Valverde, president of the Chamber of Tourism and the Costa Rican Association of Travel Agencies, explained that "... The previous year was influenced by factors such as the uncertainty generated by the fiscal crisis and the approval of the Law to strengthen Public Finance. This year, in particular, has been adapted from the implementation of VAT.

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