Costa Rica Tourism Market Size (2024 - 2029)

Costa Rica Tourism Market Analysis

The Costa Rica Tourism Market is valued at about USD 300.2 million and is expected to register a CAGR of more than 5% during the forecast period.

In recent years, some key influencers on the travel and tourism industry have been globalization, digitalization, sustainability, and the coronavirus pandemic. Ease of mobility increased awareness of new destinations, and the internet as a source of information and commerce has caused the industry to grow exponentially. When it comes to the industry's future, increased domestic tourism, excellent hygiene conditions, and contactless service are all examples of changing consumer interests due to the COVID-19 pandemic.

In the first six months of 2023, Costa Rica's tourism industry attracted 1.338,303 visitors, an increase of 19.4% over the same period of 2022 and surpassing the 2019 figures. Tourism in Costa Rica has been on the rise for several reasons, including its high level of safety, its natural environment, and its variety of attractions and activities. Tourism authorities estimate that about 90% of tourism to Costa Rica is by air, with 202,235 travelers arriving by plane in June 2023. Some 142,025 tourists entered via the Juan Santamaría International Airport, while 60,177 arrived via the Guanacaste International Airport, both increasing by 10.1 percent and 5.5 percent, respectively, over the same month last year. Tourism from North America was on the rise, with 21% more visitors from that region than in 2022, according to the ICT. This year, Costa Rica welcomed 792, 944 extra visitors from the US, 148 973 visitors from Canada, and 35,866 visitors from Mexico.

Tourism is one of the fastest-growing economic sectors in Costa Rica, and it's expected to continue to grow in the months ahead. The tourism industry in Costa Rica has the potential to benefit from the increasing global interest in sustainable and responsible tourism. Costa Rica is well-positioned to continue to attract visitors from all over the globe, and tourism will continue to be a major contributor to the country's economic development in the years ahead.

Costa Rica Tourism Industry Segmentation

The Costa Rica Tourism Market can be segmented on the basis of type (local/domestic, international) and by purpose (Adventure, Business, Medical, Sea Farming, and others).

Costa Rica is located in parts of North America and the Central American region. Market prospects are excellent in a variety of sectors, including building products, construction equipment, hotel and restaurant equipment, solar energy, franchising, cosmetics, auto parts and service equipment, electric vehicles and related equipment, pharmaceuticals, packaging, education, and tourism to the Costa Rica market. The report offers market size and forecasts for the US Real Estate Services Market in value (USD) for all the above segments.