Costa Rica’s rising costs deter tourists

Courtesy of ICT

Costa Rica has become a costly destination, evident when compared to neighboring countries like Colombia and Mexico.

“We are seeing that tourists resent and complain about the cost of visiting Costa Rica that is undeniable. When tourists come here, they say that everything is very expensive. Here it is more expensive than in New York, and that, without a doubt, is going to have a negative effect”, said the president of the Chamber of Tourism, Rubén Acón.

One of the main problems the sector has faced is the exchange rate. The sale of the US dollar at the Central Bank reached ₡534.70; the lowest since the currency reached a historic ₡698.44 in June of the previous year.

As Acón explained, the sector is facing a process of appreciation of the local currency that is affecting it greatly. Despite this, he believes that pre-pandemic visitation levels are recovering.

Tico Times

Read more: https://ticotimes.net/2023/11/25/costa-ricas-rising-costs-deter-tourists