Hotels in Costa Rica with Higher Rates

If you were interested in having a low-cost 2007-2008 vacation in Costa Rica hotels perhaps you might need to reconsider your definition of "low-cost".

According to the news reported by Claire at CostaRicaPages.com, the Central Bank of Costa Rica, back in Novembre 21, decided to make a drastic measure by cutting the colones to dollars rate that went from 516 colones per dollar to only 496. Back in October 2006, the authorities decided to end the mini-devaluation system that was in place and that made the dollar more expensive every day. Today that system is replaced with a margin (band) that allows the dollar to "float" freely, which in reallity stays attached to the bottom of the margin, in this case 496.

Even though it seems like the measure might affect the hospitality sector, Costa Rica's growth in terms of tourism is unlikely to decline based on the increased rates of most hotels in the country. It is common ground to increase rates for the high season (December to April) and therefore visitors expect this as a usual measure.