Convention tourism increase the competition between Costa Rica and Panama
Panama launches an aggressive campaign to get Congress to that nation
Costa Rica aims to compete with Panama for convention tourism, activity in the neighboring country has large lead. After eight years it seemed that the project of building the first center to house Congress begins to set a course north.
But the good news comes at a time when competition next door, Panama, launches attractive promotions to win the conference market to the canal lands.
The center will be built in Barreal de Heredia, on property belonging to the Comprehensive Agricultural Marketing Programme (PIMA), in an agreement on land use. The agreement to dispose of this land would be resolved next month, ahead of Carlos Ricardo Benavides, Minister of Tourism.
On financing, the Costa Rican Tourism Institute (ICT) has signed an agreement with a state bank, whose name was not released by confidentiality clauses, for economic restructuring. Be financed from the ICT budget, through a trust using the figure of securitization for the development of public works.
Furthermore, in order to determine the characteristics of the convention center, a consultant was hired to conduct a market survey. This will indicate things like the size it should have the property. It also includes an analysis of regional competition, logistics capacity from Juan Santamaria Airport and a feasibility study and project opportunities. The result of the consultancy will be ready well in November. Costa Rica hopes this will attract more meeting and incentive groups.