Looking for Costa Rica hotel occupancy, rate and other pertinent data.
Hi, everyone.

I am working on a small hotel development concept planned for Costa Rica (pacific coast, beachfront) and am looking for historical and current hotel occupancy and rate data for the country/region.  Can anyone assist or point me to where I might be able to find somewhat reliable hotel, STR or other data?

Thank you in advance.
[{"id": "iio59am", "text": "Work in that sector, but haven\u2019t looked at a deal in CR. If you can\u2019t get a star report, your best bet is probably networking with local hospitality brokers \nor signing NDAs and looking at OMs for deals on the market. \n\nWhy would you bother down there though? Hard to get debt and those places are relatively illiquid.", "replies": [{"id": "iio7brc", "text": "Supporting this\n\nAlso, consider number of stars\nThe higher the stars, the lower the level of occupancy expected.", "replies": [{"id": "iio81m6", "text": "In what universe is that a generally accepted principle? Typically the opposite in my experience.", "replies": [{"id": "iioebfr", "text": "First example found, with Austria.\n\n&amp;#x200B;\n\nhttps://b2b.wien.info/resource/blob/420328/696525d2f527c82966e7137644f4d1dc/auslastung-2022-data.pdf#", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "iioc27s", "text": "Thank you for the response, I appreciate the suggestions.  I'm hoping for a star report or something similar but if not, I will definitely do the additional leg work you suggested.\n\nI recognize there are debt and liquidity challenges.   The concept I am working on is fairly niche and isn't entirely a real estate play, although it's a large component.", "replies": [], "depth": 2}], "depth": 1}, {"id": "iioia0k", "text": "You need a STR trend report - make sure you pick a good comp set that aligns with your property. If you plan to work on more projects like this, build your network because performance data like this is often shared behind the scenes between brands\u2026", "replies": [{"id": "iisvzzg", "text": "Thank you, yes the hope would be to replicate this project, so I will keep this in mind.", "replies": [], "depth": 2}], "depth": 1}, {"id": "iip8lvd", "text": "Order a Trend report from STR. You will want to customize it to ensure the properties you include would be comparable in terms of location, class, scale, amenities, etc. Usually a minimum of five hotels is necessary.\n\nYou may also want to look to see if Costa Rica offers data on traveler statistics via a Department of Tourism or something similar. I've done consulting work in the Caribbean and Central America and many countries have historical data on international traveler numbers including home country, as well as data on air lift, cruise ships and other data to help you better understand demand drivers and trends. At times, I've even seen countries provide data on hotel Occ and ADR. But keep in mind this will be an average for the country or region at best. \n\nHotel performance can vary significantly by hotel based upon size, location and also franchise affiliation and other factors. This is where a decent Trend report from STR will be better than any random country-side or dated STR report for, say, Full-Service hotels in San Jos\u00e9 which would not compare to a beach front eco-tourism focused 25-key hotel.\n\nGood luck.", "replies": [{"id": "iisvuoo", "text": "Thank you and appreciate the detail.  I have started the process with STR for a trend report.", "replies": [], "depth": 2}], "depth": 1}, {"id": "iipikrg", "text": "Costar?", "replies": [], "depth": 1}, {"id": "iiqnxse", "text": "I shuddered just reading \u201ccosta rica\u201d and \u201chotel\u201d in the same sentence. My old man lost over $1M investing in CR hospitality but this was right around 2008. \n\nI wish you better luck than what he had", "replies": [{"id": "iiswebi", "text": "Understood and thank you.  I've heard stories myself as well.", "replies": [], "depth": 2}], "depth": 1}, {"id": "iiqyhg6", "text": "Reach out to SFC Worldwide. They have it or know what to pull.", "replies": [{"id": "iisvpus", "text": "Thank you for this, will do.", "replies": [], "depth": 2}], "depth": 1}]