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Costa Rica: Eleven New Hotels to Open in the Next Two Years

Article Summary:

Eleven new hotels will open within the next two years, adding 1,550 rooms to the current 44,752 available to tourists. Of the eleven openings, eight are located in the greater metropolitan area of San Jose and the remainder in the province of Guanacaste. With the largest investment, $15 million, the opening of the 128 room Courtyard by Marriott is planned for next month in Alajuela.

Original Article Text From El Financiero via Google Translate :

11 new hotels will operate in the country

Only in the remainder of this year and next, the Costa Rican Tourism Institute (ICT) has registered at least 11 starts for hotels in the country. Eight of the projects will be located in the Greater Metropolitan Area (GAM), while the rest will be built in the province of Guanacaste.

One of the openings is closer Courtyard by Marriott in Alajuela. The hotel, which will have 128 rooms, a four-star and 55 employees, representing an investment of $ 15 million.

According to Mariano Bonilla, Caribbean Development Manager Hospitality-company-developer of the project, the opening will be held next month.According to the records of ICT, on the same date will be the turn at City Express in Cariari, Heredia.

The project is run by Hospiteum Corporation-brand company that manages the Hilton Princess in Guatemala, El Salvador, Honduras and Nicaragua and represents an investment of $ 10 million.

The company’s plan is to build a center of the chain, but west of the capital.San Jose also receive four additional options for tourism executive in 2013.One of them is the Park Inn, in neighborhood and developed by Don Bosco Homes in Costa Rica. Its construction will cost about $ 16 million and is expected to enter operations in January.

The other is the Hyatt Place, located in the shopping complex Momentum Pinares in Curridabat, which will develop Sinergo Development Group.The Crown and Wyndam Garden centers join the list with 135 and 111 rooms respectively. Both will open in a year.

But what answers the rise of such centers in the Central Valley?Mariano Bonilla is attributed to the increasing construction of office centers and expanding zones that harbor transnational companies which, by their nature, need to regularly host clients and employees.

The general manager of Park Inn, Norman Monge, Bonilla match, adding that an accommodation center in the GAM can attack two distinct markets: the business and leisure.

“Relying on two different sectors reduces the risk of investment and this is what is influencing the marketplace,” said Monge.Meanwhile, Gustavo Araya, vice president of the Costa Rican Chamber of Hotels (CCH), does not believe that the movement responds to new trends, because the GAM has historically been a favorite area for developers.

However, the announcement of the construction of a large convention center in Heredia in 2014 and the slowdown in hotel projects in Guanacaste are factors that could also be influencing the situation.”Reaping the two sectors decreases the investment risk and what is influencing the market.

“Norman Monge General Manager, Park Inn San Jose”If the numbers were more positive, the increase in rooms would not be worrying.”Gustavo Araya Vice President, CCHDespite the situation, the CCH takes a cautious these figures.

“We must be careful not to repeat what happened in Panama, where currently there are many more hotel rooms than tourists entering,” says Araya.

According to ICT, there are currently 2,488 lodging establishments that correspond to 44,752 rooms.

Between 2007 and 2011, the number of hotel rooms grew 7% while the number of sites decreased by 4.5%.Meanwhile, in 2011 the country received 10.7% more international tourists than in 2007.

Additionally, the Chamber is concerned that the informal sector rental homes and condominiums continues to affect new and old players in the industry.

Outside the GAMAway from the Central Valley, the situation is different.While Guanacaste is where you build the most ambitious hotel project the registered so far (Riu Palace), there are only two more centers will be built so far.

The Riu Guanacaste is located in Carrillo, specifically in Playa Matapalo. The development represents an investment of $ 85 million.Likewise, ICT announced that Vista del Mar and Andaz Papagayo are two new projects that are about to start construction and begin operations in late 2013.

The first is a development of Enjoy Group, owner of Hilton Hotels, Doubletree and Palma Real, among others, who got a lot of 2.9 acres in the Papagayo Gulf Tourist Pole (PTGP).

The other confirmed is the Andaz Papagayo (also from Hyatt).Maurice Chartier, VP Sinergo, said the new terminal building and the increase of tourists that this is bringing the company does rely on the project.On the other hand, EF reported earlier this year that the PTGP, managed by the government, won 17.4 hectares for a Marriott brand hotel, which will feature 340 rooms and be built with an investment of $ 67.2 million.

Stable Tourism
esides an increase in the number of hotels in the country, other tourism sectors also show signs of slight growth.

For example, only between 2011 and 2012, leading entered six airlines to operate scheduled and seasonal airport Juan Santamaría and Daniel Oduber. The latest arrival is the Interjet will fly to Mexico.

Also this year, Avianca, Taca, Aeromexico and Copa announced new flight frequencies.”The growth is quite stable, with some decrease in the period 2007-2009 probably due to the financial crisis hit and still hit the United States,” said Juan Carlos Borbon, general manager of ICT.

Link to Original Article:

From El Financiero

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