Costa Rica Coffee Guide

Guanacaste Expects $2 Billion from Tourism Projects

December 1, 2006

The northwestern Guanacaste province is likely to receive more than $2 billion from tourism projects during the next three years, thanks to 35 projects including hotels and luxury residences, according to the weekly El Financiero.

The money is expected to come from projects that opened in the past two years or will in the next three.

Additionally, during the next 20 years, at least 28 hotels and 9,700 homes are expected to go up in Guanacaste, many of which will be marketed toward retired U.S. citizens.

Investors in these projects are mostly from the United States, but they also come from Costa Rica, Germany, South Africa, Japan, Mexico and Italy.

At least 347 hotels with a total of 6,724 rooms already exist in Guanacaste. An additional 947,973 square meters are under construction this year in the province, marking a 66% growth over construction in the region last year. Chains including Four Seasons, Holiday Inn, JW Marriott and Hyatt are among those that recently opened or are planning to open soon.

 

You may be interested

Special fall prices on All-on-Four dental implants in Costa Rica
Dental Tourism
2538 views
Dental Tourism
2538 views

Special fall prices on All-on-Four dental implants in Costa Rica

James Madigan / Costa Rica Dental Guide - October 1, 2020

Dental patients from the USA and Canada are finally arriving back in Costa Rica after almost seven long months of…

U.S. State Department drops ‘Do Not Travel’ advisory for Guatemala & Nicaragua, but not Costa Rica
Costa Rica
1620 views
Costa Rica
1620 views

U.S. State Department drops ‘Do Not Travel’ advisory for Guatemala & Nicaragua, but not Costa Rica

Alejandro Zúñiga - October 1, 2020

The United States this week lifted a warning to its citizens to avoid all travel to Nicaragua and Guatemala, but…

Costa Rica closes embassy in Venezuela as cost-cutting measure
Costa Rica
1629 views
Costa Rica
1629 views

Costa Rica closes embassy in Venezuela as cost-cutting measure

AFP - October 1, 2020

Costa Rica on Wednesday announced the closure of the country's embassy and consulate general in Caracas, effective Thursday, as part…