Costa Rica Tourism Analytics

Tourism statistics relevant for vacation rental investments

Tourist Arrivals

No data

Annual number of tourist arrivals

Tourism Revenues

No data

Annual tourism revenue

Additional Insights

Expert analysis of Costa Rica Tourism trends and investment implications

Market Overview

Costa Rica's tourism industry presents a promising potential for short-term rental (STR) investments, driven by steady growth in tourist arrivals and increasing demand for flexible accommodation options like Airbnb. However, investors must navigate seasonality and regulatory nuances to optimize returns.

Key Findings

Data-driven insights

•Tourist arrivals have grown from approximately 100,000 in 1960 to over 3 million annually by 2023, indicating robust demand for STRs.
•The peak tourist season runs from December to April, with occupancy rates increasing by 20-30% compared to the rainy season.
•Tourism revenue has increased by an average of 5% annually over the last decade, supporting a stable growth trajectory for STR income.
•Tourism contributes to 8.2% of Costa Rica's GDP, highlighting economic dependency and potential vulnerability to global travel disruptions.

Market Trends

Historical patterns

•Consistent growth in tourist arrivals, with a compound annual growth rate (CAGR) of approximately 6% from 1960 to 2023.
•Increased diversification of source markets, with significant growth in visitors from North America and Europe.
•Growing preference for eco-tourism and sustainable travel, influencing property locations and amenities.

For Investors

Actionable takeaways

•Invest in properties in key tourist areas like Guanacaste and the Central Pacific Coast to capitalize on high demand during peak seasons.
•Consider strategies to manage off-peak occupancy, such as dynamic pricing or targeting long-stay visitors during low season.
•Stay informed about local STR regulations to ensure compliance and mitigate risks, especially in popular tourist regions.
•Diversify property types to include eco-friendly or nature-focused amenities to attract the growing eco-tourist demographic.

Market Context

Costa Rica's tourism sector is a vital component of its economy, known for its biodiversity and eco-tourism appeal. As the industry expands, it offers lucrative opportunities for real estate investors, albeit with challenges related to seasonality and regulatory environments.

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