The Board of Directors of the Costa Rican Tourism Institute agreed to suspend the schedules for the execution of works, to all the companies that have a development permit in the Polo Turistico Golfo de Papagayo.
The measure was taken by the authorities to mitigate the effects caused in the tourism industry by the Covid-19 pandemic, informed representatives of the program that is administered by the Costa Rican Tourism Institute (ICT).
The Canyon Group plans to invest more than $200 million in the construction of its first resort in Central America, which will be on the Papagayo Peninsula in Guanacaste, Costa Rica.
Without specifying the start date of construction of the new resort, which will be part of the brand of hotels "Six Senses", the developers of the project reported that the hotel is expected to be ready in mid 2021.
The reported drop in investment in the tourism sector explains part of the 22% drop recorded in Foreign Direct Investment between 2017 and 2018 in Costa Rica.
Figures from the Central Bank of Costa Rica (BCCR) detail that between 2017 and 2018 the flow that reached the country fell by $608 million, from $2,742 million to $2,134 million, equivalent to a decrease of 22%.
Because of the delay of the Costa Rican authorities to solve the problem of water supply in the Gulf of Papagayo, developers request that the terms of the concessions granted to them to develop tourism projects in the area be extended.
The Instituto Costarricense de Turismo (ICT) has already received requests for concessions to be extended, because some of the projects that have not been completed have already consumed half of the time they were granted.
On a 21-hectare site in Sardinal, Guanacaste, a tourist complex consisting of a hotel and private residences is planned.
ML CR Continental LLC presented the Environmental Impact Study (EIA) to develop the project called "Hotel and Villas Cala del Sol", which will be made up of three hotel villas and seven private residence villas.
The document explains that the hotel villas will be one floor and will house between four and five rooms. They will have an arrival square, social area, kitchen, bathroom, covered terrace, swimming pool and electromechanical room. Residential villas will be on two levels and will have a garage and larger social areas.
In the coming months, it is planned to build in Alajuela, Costa Rica, a real estate complex consisting of a hotel, an office building and a commercial area.
Inversiones Andino S.A. presented the Environmental Impact Study (EIA) to develop the project called "City Towers Alajuela", which will have a construction area of 26 thousand square meters.
It is expected that in the following months will be built in Bahia Ballena, Puntarenas, a terminal with 93 spaces for berthing boats of different sizes in Costa Rica.
According to the interactive information system "Construction in Central America" of CentralAmericaData, Deep Trench Developes CR Adventures S.A. presented the Environmental Impact Study (EIA) to build a terminal with 93 spaces available for berthing boats of different sizes.
In Costa Rica, plans are underway to build a touristic resort in Bahía Ballena, Puntarenas, that will feature a hotel, town house style residences and apartment towers.
Data from the interactive platform "Construction in Central America" compiled by the Business Intelligence Unit at CentralAmericaData shows that the company Un Paseo Al Mar LLC LTDA , submitted an Environmental Impact Study (EIA) to the Setena in October to develop, in the district of Bahia Ballena, province of Puntarenas, a tourism project that will have a hotel, housing and apartment towers.
A tourism development, a medical center and a wastewater treatment plant are some of the projects that are planned for development in the country in the coming months.
Data from the interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData:
Businessmen from the Panamanian tourist sector welcome the arrival of Air China flights in March 2018, but consider it will be a challenge to attract a type of tourist that seems to prefer very different destinations than those offered by Central America.
In a region which for many years has specialized in serving North American tourists and more recently Europeans, preparing to provide the attention demanded by tourists from China will be a challenge, according to the Panamanian tourism entrepreneurs themselves.
An environmental impact study has been submitted for construction of a treatment and curative care center in a hot springs area in La Fortuna, Alajuela.
Data from the interactive platform "Construction in Central America" compiled by the Business Intelligence Unit at CentralAmericaData indicates that Ganadera Manoa de la Fortuna S.A. submitted an Environmental Impact Study (EIA) in August to the Setena to develop, in the district of La Fortuna, province of Alajuela, a medical tourism project.
In the past 12 months, 78 environmental impact studies were submitted to develop hotels, marinas, clubs and beach residences in Central American countries.
Data from the interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData:
Plans are underway to build a residential complex that will include a club house, hotel and other amenities in the vicinity of Jacó, in the Central Pacific.
Data from the interactive platform "Construction in Central America" complied by the Business Intelligence Unit at CentralAmericaData shows that, Marina Carara Limitada submitted an Environmental Impact Study (EIA) in May in order to develop, in the district of Tarcoles, a residential project with several amenities.
Using the Pura Vida Wellness concept, Costa Rica intends to take advantage of a global market valued at $563 billion, with tourists whose average spending exceeds 130% of global average tourist spending.
The aim of the Costa Rican Institute is to develop this segment, which has great market potential, in order to diversify and consolidate the country's tourism supply.Global wellness tourism grew by 11% between 2013 and 2015, according to data from Global Wellness Tourism Economy.
The construction project planned in Limon, Costa Rica, is a mixed development that will include a four-star hotel, condos and commercial spaces.
The report "Construction Projects in Central America",prepared by the Business Intelligence Unit at CentralAmericaData.com, indicates that the developer Tangara Development Group S.A.