Costa Rica Tourism Analytics

Tourism statistics relevant for vacation rental investments

Tourist Arrivals

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Annual number of tourist arrivals

Tourism Revenues

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Annual tourism revenue

Additional Insights

Expert analysis of Costa Rica Tourism trends and investment implications

Market Overview

Costa Rica's tourism sector offers promising opportunities for short-term rental (STR) investments, driven by a steady increase in tourist arrivals and a supportive regulatory environment. However, investors must consider the seasonal nature of travel and the economy's reliance on tourism, which could pose risks during global downturns.

Key Findings

Data-driven insights

•Tourist arrivals in Costa Rica have grown from 50,000 in 1960 to over 3 million in 2023, indicating robust demand for STRs.
•Peak tourist seasons are from December to April, with occupancy rates averaging 85% during these months, compared to 60% in the off-season.
•Tourism contributes approximately 8.2% to Costa Rica's GDP, highlighting potential revenue growth for STRs but also revealing economic vulnerability.
•Current regulations are favorable to STRs, with no significant restrictions on Airbnb operations, supporting the viability of such investments.

Market Trends

Historical patterns

•Steady annual increase in tourist arrivals by an average of 3.5% over the past two decades.
•A shift towards eco-tourism and adventure travel has increased the demand for unique and experiential accommodations.
•The rise of digital nomadism post-2020 has contributed to a new segment of longer-staying tourists seeking short-term rentals.

For Investors

Actionable takeaways

•Focus on investing in STRs in popular tourist areas such as Guanacaste, the Central Pacific, and the Arenal region to maximize occupancy rates.
•Prepare for seasonal fluctuations by diversifying property listings to cater to both peak and off-peak tourists.
•Consider properties that appeal to eco-tourism and adventure travelers, which are growing segments in Costa Rica.
•Be aware of potential economic shocks due to heavy reliance on tourism and diversify investment portfolios accordingly.

Market Context

Costa Rica's tourism industry is a key driver of the national economy, renowned for its biodiversity and eco-friendly attractions. This makes it a compelling market for STR investments, yet investors should be mindful of its economic susceptibility to external shocks.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.