Costa Rica Tourism Report Q2 2011: New research report available at Fast Market Research

New Consumer Goods market report from Business Monitor International: "Costa Rica Tourism Report Q2 2011"
 
March 29, 2011 - PRLog -- Costa Rica receives the majority of its tourist arrivals from the Americas, with the top three source markets for visitors to the country being the US, Nicaragua and Canada. Tourism arrivals, after increasing from 1.72mn in 2006 to 2.15mn in 2008, dipped to 1.93mn in 2009. Arrival numbers are estimated by BMI to have picked up in 2010, and are forecast to hit 2.32mn in 2011 before growing at an average rate of 8% until the end of our forecast period in 2015.

Health tourism brings visitors to the country and it is an area where Costa Rica can continue to develop its infrastructure to tap further into this growing market. Already known as a destination for medical tourists, Costa Rica is now competing with newer destinations such as Puerto Rico for the millions of Americans, and other nationalities, who travel abroad for medical care. In 2010, medical tourism generated US$250mn in revenue for Costa Rica's health services industry, according to the council for International Promotion of Costa Rica Medicine.

In the same vein as health tourism, Costa Rica is making retirement communities a priority to keep visitor numbers up. The country is targeting North American pensioners and is doing away with the red tape of residence permits, especially for those in good health. Tax exemptions on real estate and vehicles are also being offered. The campaign is being run by the Costa Rica Tourism Board (Instituto Costarricense de Turismo, ICT). The Ministry of Competitiveness has already identified eight locations for retirement communities, focusing on areas with natural beauty, tourist attractions and in proximity to hospitals.

Another tourism draw to Costa Rica is spa and wellbeing vacations. Costa Rica has been recognised by TripAdvisor users as one of the best places in Central and South America to enjoy spa getaways. Some areas that wellbeing tourists are targeting are the hot springs near the Arenal Volcano, the beaches of the Nicoya Peninsula (home of yoga retreats) and the back-to-nature settings of the Central Valley region.

The planned regeneration of the province of Limon, on the less frequently visited Caribbean coast, has the potential to put upward pressure on inbound tourism numbers. Puerto Limon was once the town of the United Fruit Company (the predecessor of Chiquita Brands International) and the province has two national parks. The parks have the potential to be a large tourism driver, and a tour by Wildland Adventures has already been named one of the 25 Best New Trips for 2010 by National Geographic Adventure magazine. In our view, developing the tourism infrastructure in the region will likely unlock great potential.

Earlier in 2010, the Inter-American Development Bank (IADB) approved grants of US$1.1mn and US$1.5mn to support two parts of the Mesoamerica Pacific Corridor Project. The corridor runs through seven countries from Mexico to Panama. The Optimisation of Border Crossings Pacific Corridor grant will be used to improve passage over borders and the Adjustment, Maintenance and Operation of the Pacific Corridor grant will improve road infrastructure over 2015-2030. The project aims to develop a quicker route between Mexico and Panama. BMI believes that as well as fostering trade in the region, the development of infrastructure has the potential to increase tourism as travel will be much more feasible.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/128714_costa_rica_tourism_repo...


Report Table of Contents:

SWOT Analysis
- Costa Rica Tourism Industry SWOT
Industry Forecast Scenario
- Arrivals
- Table: Arrivals Data, 2007-2015
- Expenditure
- Table: Tourism Expenditure, 2007-2015
- Inbound Tourism
- Table: Tourist Arrivals By Region, 2007-2015
- Table: Tourism Arrivals By Country, 2007-2015 ('000)
- Outbound Tourism
- Table: Outbound Tourism Data, 2007-2015
- Table: Resident Departures By Destination Country, 2007-2015 ('000)
Market Overview - Travel
- Commercial Airlines
- Global Oil Products Price Outlook
- Table: Oil Product Price Assumptions, Q410-Q411 (US$/bbl)
- Table: Oil Product Price Data And Forecasts, 2008-2015 (US$/bbl)
Market Overview - Hospitality
- Accommodation Developments
- Gaming
Global Assumptions, Q211
- Table: Global Assumptions, 2009-2015
- Table: Regional Real GDP Growth, 2010-2013 (% change y-o-y)
- Table: Selected Exchange Rates, 2010-2013 (average)
- Developed States
- Table: Developed States' GDP Growth, 2010-2013 (% change y-o-y)
- Emerging Markets
- Table: Emerging Markets' GDP Growth, 2010-2013 (% change y-o-y)
- Consensus Forecasts
- Table: Consensus Forecasts, 2011 And 2012
Company Profiles
- Barcelo
- Nature Air
- TACA
BMI Methodology
- How We Generate Our Industry Forecasts
- Tourism Industry
- Sources

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

# # #

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
End
Source: » Follow
Email:***@fastmr.com Email Verified
Zip:01267
Tags:Tourism, Arrivals, 2007-2015, Tourist, Health, Infrastructure, Corridor, Oil, Travel, Destination
Industry:Consumer, Services, Entertainment
Location:Massachusetts - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Fast Market Research News
Trending
Most Viewed
Daily News



Like PRLog?
9K2K1K
Click to Share