Costa Rica has managed to position itself within the “Top 5” Latin American markets with the greatest potential for the development of high-end hospitality and luxury resorts for the 2026–2027 period. This recognition stems from strategic sector analyses that place the country alongside tourism powerhouses such as Mexico, Brazil, and the Dominican Republic.
The dynamism of the country’s tourism real estate sector is evident. According to recent data from tourism authorities, there are 26 hotel projects in the development or construction phase for the 2025–2026 biennium, representing a combined investment exceeding $720 million.
These investments are not limited solely to room construction but are transforming coastal and urban areas through “responsible luxury” concepts that integrate world-class services with a minimal environmental footprint. This expansion is expected to generate more than 3,400 direct jobs in the regions of Guanacaste, the Central Valley, and the Central Pacific.
The province of Guanacaste, specifically the Papagayo and Costa Elena areas, continues to be the main attraction hub for major international hotel corporations. Projects from global ultra-luxury brands are scheduled to open between 2026 and 2027, introducing “luxury all-inclusive” formats and branded residences that raise the average visitor spend.
In the Papagayo area alone, new investments in hotels and residences exceed $300 million, consolidating the province as a benchmark of exclusivity that combines architectural innovation with respect for local biodiversity.
Costa Rica’s projection in the high-end segment is based on three strategic pillars identified by international experts:
- Sustainability as a standard: Today’s luxury traveler seeks authentic experiences that do not compromise the environment. Costa Rica’s conservation model is its main selling point.
- Legal stability: The concession framework and tax incentives for sustainable tourism projects provide the necessary security for long-term capital.
- Decentralization: While the Pacific leads, emerging destinations such as Puerto Viejo on the Caribbean coast and mountain areas like Monteverde are experiencing growth in high-end boutique hotels, diversifying the country’s overall offering.
Despite the positive outlook, analysts warn that the country’s competitiveness will depend on its ability to modernize public infrastructure (roads and digital connectivity) and to maintain safety in key destinations. Likewise, the training of specialized human talent in high-end hospitality services is considered urgent to meet the standards of upcoming openings.
