Saturday, March 29, 2008

Tourism Sector On The Rise

Unquestionably, 2007 was a year of growth for Costa Rica’s national tourism industry and the beginning of 2008 confirms consistency. January of 2008 marked a good start in tourist air arrivals according to the preliminary data gathered by the Costa Rica Tourist Board - the Instituto Costarricense de Turismo (ICT).

Costa Rica closed 2007 with a total of 1.9 million international tourist arrivals, an 11.5 percent increase in comparison to 2006. Revenue generated by international tourists reached a historic high of us$1.9 billion, up us$300 million from last year.

In terms of investment, in 2007 Costa Rica received an estimated us$800 million in tourism investment; excluding investment in real estate development. Hilton, Marriott, Crown and Express are among some of the hotel chains that decided to invest in Costa Rica’s tourism industry. To read more click here.

Published March 19, 2008 by Inside Costa Rica