The Hotel Investment OutlookMonday, August 17, 2009 The latest comments about the world outlook for the Hospitality Industry as presented by ALIS Summer Update As Jeff Higley (Editor-in Chief of Hotel and Motel Management Magazine) said in his “Twitter” page on June 2, the IREFAC (Industry Real Estate Financing Advisory Council) guys are the pulse of the industry. But, as he also noted, “…the IREFAC panel says the only way to get a phone call from your lender these days is to not make a payment. Nicaragua Selected to Host CATHIE in 2009Tuesday, August 26, 2008 It was announced that the Central America Tourism & Hotel Investment Exchange will be held March 24-26, 2009, in Managua, Nicaragua. Hosted by BHN, CATHIE focuses on the hotel and tourism investment opportunities in the rapidly growing Central America region. The Foreign Investment Advisory Service (FIAS) of The World Bank Group is supporting the event, and all seven Central American countries (Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama) have been invited to become patrons of CATHIE. Last year’s inaugural event in Guatemala City, Guatemala, welcomed nearly 250 hotel and tourism industry leaders eager to network and learn about hotel investment opportunities in Central America. $ 42 Million for Construction of “Green” Hotels in CAWednesday, December 15, 2010 The IDB approved the funding mechanism to develop at the most eight Marriott hotels. The Inter-American Development Bank (IDB) approved U.S. $ 42 million in long-term loans to finance a maximum of eight Marriott hotels, to be developed by Caribe Hospitality SA in Costa Rica, Nicaragua, Guatemala, Panama, Jamaica, Trinidad and Tobago, and Mexico as long as they comply with environmental standards and sustainability requirements. Costa Rica Wants "High Level" Chinese TourismThursday, January 8, 2015 The government has announced the opening of a consulate in Shanghai and other efforts to open others in cities where there is high purchasing power in an effort to attract people to the Costa Rican tourism sector. From a statement issued by the Government of Costa Rica: Congress on Sustainable Tourism InvestmentsFriday, September 29, 2017 On November 13th and 14th Costa Rican entrepreneurs of hotel brands, investment funds and real estate developers will be meeting in Costa Rica to discuss sustainable investments in the industry. The event is being organized by the Costa Rican Tourism Institute (ICT) and will take place at the Hotel Real Intercontinental. Asia and Latin America Fight Over Medical TourismMonday, June 1, 2009 Strengths, opportunities, weaknesses and threats in both regions for an industry that continues to grow. Two large regions that are seeing their revenues grow from the medical tourism industry are Latin America and Asia. Both regions are developing economies and they have good health care options at low prices. Better Practices in Investment PromotionTuesday, May 22, 2012 Most investment promotion agencies are not responding to national enquiries by investors in the key sectors of agribusiness and tourism. From a press release from the World Bank The Wellness Tourism BusinessFriday, June 9, 2017 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. Certification for Organic Products in South KoreaMonday, January 20, 2014 Products entering the South Korean market must apply for certification from the Health Authority of that country. From the 1st of January the Asian nation has required that imported organic products have a certificate, which must be requested from the Sanitary Authority of Korea (QIA) . Costa Rica in International Tourism FairsTuesday, July 14, 2015 The Costa Rican Tourism Institute is inviting companies in the sector to participate in international events. In a press release issued on a large scale on July 13, 2015 in a single printed media format, the Marketing Department at the Costa Rican Tourism Institute (ICT) called on companies to register their interested in participating in international fairs in the second half of 2015 and the first of 2016. Wellness Tourism PromotionThursday, July 19, 2018 Costa Rican authorities signed an agreement for the promotion and consolidation of the country as a wellness tourist destination. In addition to the cooperation agreement signed between the Costa Rican Tourism Institute (ICT) and the Costa Rica Wellness Association, on May 16 the institution awarded a contract to the Costa Rican Technical Standards Institute (INTECO) to develop a national standard that establishes the service requirements that Wellness Spas must meet in order to be accredited. Tourism Up 17% in First Half 2010Monday, November 15, 2010 From January to June 2010 a total of 4.556.526 tourists visited Central America, 651.682 more than the same period of 2009. Tourism has grown in Central America during the first six months of the year by 17% over the same period of 2009, according to preliminary data offered by the various Ministries of Tourism in the region (Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama). |
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