Even with the real estate market slowdown in many countries - the US, Canada, UK, and Costa Rica as well - major players in the tourism industry are still confident in Costa Rica as a world class destination. A number of tourist mega-projects are in the works, or currently underway. Three Spanish hotel projects will begin in Costa Rica, totaling more than $1 billion. Others like the first luxury megacomplex in the Osa Peninsula, in the province of Puntarenas, will begin construction shortly.
So why do major tourism investors continue to feel comfortable in Costa Rica? They say that it is thanks to its legal system, its hardworking and skilled labor force, as well as its peaceful climate - an ideal country for vacationers. There is definitely validity in this statement, which we should explore further.
Many people are often concerned about their safety when traveling to another country. Typically, this fear is due more to the unknown and media hype. But the good news is that we KNOW that Costa Rica is a safe country. Recently, FTI Ibero-America Consulting rated Costa Rica as THE safest country in Costa Rica for businessmen and multinational companies. CINDE also states on their website that Costa Rica is the most politically stable country in Latin America.
Regarding Costa Rica’s skilled and hardworking labor force, that is due in large part to their excellent public education system, where all children are required to attend school. Numerous international companies - like Intel, Glaxo Smith Kline, and Bayer, to name a few - recognize this and have invested millions in Costa Rica. This of course serves the tourism industry well too, resulting in memorable experiences for tourists.
The bottom line is that Costa Rica is extremely foreign investor friendly has resulted in a tourist-friendly environment - making many major tourism companies very happy.