• 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

Quepos airport renovations (finally) underway
Costa Rica
1 views
Costa Rica
1 views

Quepos airport renovations (finally) underway

Alejandro Zúñiga - May 6, 2021

Renovation and expansion of the runway at La Managua Airport in Quepos began Wednesday and will completed before September. "The…

PAHO says region’s hospitals are ‘dangerously full’
Latin America
3 views
Latin America
3 views

PAHO says region’s hospitals are ‘dangerously full’

Ariela NAVARRO / AFP - May 6, 2021

PAHO, the Americas office of the World Health Organization (WHO), warned on Wednesday that hospitals in the region are "dangerously…

IDB approves $500 million loan for Costa Rica
Costa Rica
5 views
Costa Rica
5 views

IDB approves $500 million loan for Costa Rica

Alejandro Zúñiga - May 6, 2021

The Inter-American Development Bank (IDB) said Wednesday that it has approved two loans to Costa Rica totaling $500 million. "Costa…