Costa Rica, represented by the Tourism Institute, attended the Hotel Opportunities Latin America Summit (HOLA) to attract new hotel brands to begin operations in the country.

According to the institute, the summit, which took place this week in Miami, Florida, United States, is the main event in the Latin American hotel investment business since it presents the world's most prominent hotel brands.

"Beating the record for attracting foreign direct investment in 2023 pushes us to be more competitive to attracting new investment projects for the country," the organization stated.

Costa Rica, with its natural and cultural riches, has a great potential to do business for new hotels. More hotels, eventually will increase investment and employment opportunities in towns outside of the Greater Metropolitan Area which is the area made up of cities on the outskirts of San José such as Alajuela, Heredia and Cartago, authorities added.

During the event, the Costa Rican Chambers of Hotels and Tourism officials attended meetings with hotel representatives to highlight Costa Rica's advantages, success in tourism infrastructure development and favorable visitor experiences.

Currently, 19 new hotels are under construction in the country, including boutique hotels, multinational chain brands and luxury hotels. Authorities expect that these hotels will open between 2024 and 2025.