Costa Rica Tourism Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Market Report Covers Costa Rica's Tourism Statistics and is segmented on the basis of type (local/domestic, international) and by purpose (Adventure, Business, Medical, Sea Farming and others).

Costa Rica Tourism Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Costa Rica Tourism Market Size

Costa Rica Tourism Market Summary
Study Period 2024 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period
CAGR 5.00 %
Market Concentration Low

Major Players

Costa Rica Tourism Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Costa Rica Tourism Market with other markets in Hospitality and Tourism Industry

Travel and Tourism

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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 Overview

The major competitors are Expedia Group, Booking Holdings, Amex GBT, BCD Travel, CWT, Flight Centre, Travel Leaders Group, American Express, and Direct Travel. There are a limited number of domestic hotel chains in Costa Rica, although some smaller groups within the country are starting to expand. Most international groups are located in the capital, San José, along the Pacific coast, where the major resorts are located.

Costa Rica Tourism Market Leaders

  1. Expedia Group

  2. Booking Holdings

  3. Amex GBT

  4. BCD Travel

  5. CWT

  6. *Disclaimer: Major Players sorted in no particular order
Costa Rica Tourism Market Concentration
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Costa Rica Tourism Market News

  • March 2023: Expedia Group announced a new API partnership with Wheel the World, a travel booking platform for accessible travelers in wheelchairs, effectively enhancing a seamless, end-to-end travel experience for travelers with disabilities. Through this partnership, Expedia Group will serve as the exclusive partner to power Wheel the World's lodging supply. Through Expedia Group's Rapid API technology, Wheel the World customers will have access to Expedia Group's extensive directly sourced hotel inventory with the ability to filter properties by their accessibility needs and preferences.
  • November 2022: Booking Holdings, the world's leading provider of online travel and related services, expanded the Travel Sustainable program to relevant brands across the Booking Holdings family. The news marked the company's delivery of its commitment to launch its first-of-its-kind program for accommodations enterprise-wide by the end of 2023. Travel Sustainable provides credible information on impactful sustainability efforts taken by properties worldwide. It gives travelers a transparent, consistent, and easy-to-understand way to identify a wider range of more sustainable stays, no matter where they want to travel.

Costa Rica Tourism Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS AND INSIGHTS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Value Chain Analysis
  • 4.5 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.5.1 Bargaining Power of Buyers
    • 4.5.2 Bargaining Power of Suppliers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitutes
    • 4.5.5 Intensity of Competitive Rivalry
  • 4.6 Insights on Technological Innovations in the Market
  • 4.7 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Local/Domestic
    • 5.1.2 International
  • 5.2 By Purpose
    • 5.2.1 Adventure
    • 5.2.2 Business
    • 5.2.3 Medical
    • 5.2.4 Sea Farming
    • 5.2.5 Other Purposes

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 Expedia Group
    • 6.2.2 Booking Holdings
    • 6.2.3 Amex GBT
    • 6.2.4 BCD Travel
    • 6.2.5 CWT
    • 6.2.6 Flight Centre
    • 6.2.7 Travel Leaders Group
    • 6.2.8 American Express Travel
    • 6.2.9 Direct Travel*
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. DISCLAIMER AND ABOUT US

**Subject to Availability
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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.

By Type Local/Domestic
International
By Purpose Adventure
Business
Medical
Sea Farming
Other Purposes
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Costa Rica Tourism Market Research FAQs

What is the current Costarica Tourism Market size?

The Costarica Tourism Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Who are the key players in Costarica Tourism Market?

Expedia Group, Booking Holdings, Amex GBT, BCD Travel and CWT are the major companies operating in the Costarica Tourism Market.

What years does this Costarica Tourism Market cover?

The report covers the Costarica Tourism Market historical market size for years: . The report also forecasts the Costarica Tourism Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Costa Rica Tourism Industry Report

Statistics for the 2024 Costa Rica Tourism market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Costa Rica Tourism analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.