Tourism in Danger by Covid-19

One of the most relevant sectors for the Costa Rican economy is declared in "Total Emergency and State of Calamity", as it is the first time in the "zero" season that total income ceases.

Thursday, March 26, 2020

The Board of Directors of the Costa Rican Tourism Institute (ICT) stated that all State institutions, Powers of the Republic, Autonomous and Semi-Autonomous Institutions, as well as Municipalities throughout the country, are required to collaborate in the broadest and most expeditious manner within the framework that the serious reality demands, in order to alleviate the situation of the Private Tourism Sector.

See "Coronavirus: Forecasts for Business in Central America"

According to the agreement SJD-079-2020, by means of which the sector was declared in calamity, explains that "... we are facing a zero season for the first time in the history of our country, which means the total ceasing of the income of the raw material, (tourists) for the sector therefore, the total ceasing of financial income to face its obligations."

Alberto Lopez, General Manager of the ICT, explained that "... We are in the midst of an international pandemic that generates an unprecedented impact on the tourism sector. Our sector is in a state of total emergency and a state of calamity unique in its history. The economic impact has no comparison, nor any previous reference.  We will have a season of zero visitation and zero economic income for the private tourism sector and for the Costa Rican Tourism Institute, which we hope, in the best of cases, will last at least three months."

Covid-19: How do the outlook for tourism sector businesses in Costa Rica change?

We prepared for our clients the report "Information System: Covid-19 and Business Forecasts" that helps companies to measure the impact that the crisis will have on their activity in the coming months.

Click here to request access to this report.



More on this topic

Health Tourism: Forecasts for Revival

April 2020

Businessmen in Guatemala estimate that patients who visit the country with the aim of buying medical treatment will take between 9 months and a year to regain confidence in making the trip.

The sector is practically paralyzed, since due to the covid-19 outbreak worldwide, several countries have decided to close their borders and air terminals, and airlines are keeping their units on the ground.

Hotel Bookings: Controversy in Costa Rica

April 2020

Hoteliers believe that the government's recommendation to return the full amount to guests who had rooms reserved, who for the moment will not be able to enjoy the service because of the health crisis, is unworkable.

A report by the Ministry of Economy, Industry and Commerce (MEIC) details that consumers have the right to a refund or rescheduling without penalty, as opposed to cancellation of reservations at the national or international level.

Taxes: Moratorium for Tourism Companies

April 2020

Companies that owe taxes to the Costa Rica Tourism Institute will be granted a moratorium during April, May, June and July.

Regarding the taxes to which the moratorium will apply, the Costa Rican Tourism Institute (ICT) reported they are 5% for the sale of each air ticket originating in Costa Rica for international travel, in addition to the 5% that applies to the purchase of tickets whose destination is our country.

Costa Rica Stops Tourism

March 2020

Within the framework of the national emergency declared by the government due to the crisis of the covid19, the decision was taken to suspend from March 19 to April 12, 2020, the entry of foreigners to the country.

In the case of flights, a decree instructs that from this Wednesday March 18 from 23:59 until 23:59 Sunday April 12, 2020 only Costa Ricans and residents may enter the country, explains a statement from the Ministry of Health.

 close (x)

Receive more news about Tourism

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

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

Commodities

(Nov 23)
Brent Crude Oil
45.960
Coffee "C"
116.20
Gold
1,837
Silver
23.640