The CoStar Belize Hospitality Report is a market intelligence and tourism investment report focused on Belize’s hotel, resort, and short-term rental industry. It combines hospitality performance data, tourism trends, and real estate investment analysis to help investors, developers, hotel operators, and real estate professionals understand the Belize tourism market. The report is prepared using CoStar/STR hospitality analytics alongside Belize tourism and real estate market data.
What CoStar/STR Is
CoStar Group owns STR, one of the world’s leading hotel data and benchmarking platforms. STR tracks hotel occupancy, ADR (Average Daily Rate), RevPAR (Revenue Per Available Room), supply, demand, and performance metrics across global hospitality markets.
Key Findings in Dustin Rennie CoStar Report
Belize has over 347 hospitality properties and approximately 7,500 hotel rooms
The market continues transitioning toward higher-end luxury and boutique resort development
Tourism growth is driving demand for beachfront real estate, Airbnb investments, condo hotels, and mixed-use resort communities
Belize benefits from a “low-density luxury” positioning that appeals to affluent travelers seeking authentic, nature-based experiences
The report is particularly valuable because Belize historically lacked reliable institutional hospitality data. CoStar/STR reporting helps quantify the tourism economy using globally recognized hotel performance metrics.
Tourism is one of Belize’s largest economic sectors and a major driver of GDP and employment. Government and industry organizations continue prioritizing tourism growth and infrastructure expansion.
You can see information from the data report below;
The CoStar Belize Hospitality Report is a licensed hospitality market intelligence report produced using CoStar/STR data and Belize tourism real estate analytics. The report provides institutional-grade insights into Belize’s hotel, resort, vacation rental, and tourism investment market, helping investors, developers, hotel operators, and real estate professionals better understand hospitality performance and growth opportunities in Belize.
The report is distributed under a licensed CoStar/STR data agreement and includes analysis of:
Hotel occupancy trends
Average Daily Rate (ADR)
Revenue Per Available Room (RevPAR)
Tourism demand
Resort development activity
Vacation rental performance
Luxury hospitality growth
Regional investment opportunities
The Belize Hospitality Report highlights Belize’s emergence as a growing luxury and eco-tourism destination, supported by increasing international arrivals, branded resort developments, expanding airlift, and rising real estate investment activity.
Why the Report Matters
The report is useful because Belize historically lacked institutional-grade hospitality data. CoStar/STR-style reporting gives:
Investors measurable performance metrics
Developers feasibility benchmarks
Hotel owners competitive intelligence
Realtors have stronger tourism-backed investment narratives
It essentially helps quantify Belize’s tourism economy in a format that global hospitality investors understand.
Dustin Rennie
Licensed CoStar hospitality market analysis and Belize real estate commentary by Dustin Rennie,
Dustin Rennie is a real estate entrepreneur, investor, and media creator specializing in Belize real estate, tourism, and investment markets. Dustin has become one of the leading voices on Belize property investment, hospitality development, and Caribbean lifestyle markets.
He produces market analysis, investment reports, and educational content viewed by millions of investors, expats, and travelers worldwide. Dustin regularly covers topics including real estate, tourism growth, hospitality trends, relocation, and emerging investment opportunities throughout Belize.
Through licensed CoStar hospitality data, on-the-ground market research, and years of experience in the Belize property sector, Dustin Rennie provides institutional-style insights into one of the Caribbean and Central America’s fastest-growing tourism and real estate markets.
Tourism in Belize is hitting a record-breaking stride in 2026. Despite global travel challenges, Belize tourism has shown strong resilience in Q1 of 2026. The tourism sector in Belize started 2026 with record visitor volumes and expanded air access, outpacing wider global tourism trends.
Even amid the challenges facing global travel, the Belize tourism sector is showing surprising resilience in 2026, as the latest statistics from the BTB (Belize Tourism Board) reveal that overnight visitors grew in Q1 (January to March) of 2026. Belize recorded over 187,000 arrivals in just three months, and the tourism industry continues to gain momentum, showing its resilience and appeal to global travelers.
Travel to Belize in 2026 has performed very consistently, recording 187,290 overnight visitor arrivals between January and March. Arrivals showed steady growth over the three-month period, increasing from 59,164 in January to 59,231 in February, and reaching 68,895 in March.
The highest single-month travel volume in 2026 was in March. In March 2026, Belize saw 68,895 overnight visitors, marking a notable 5.7% increase over the same month in 2025. The United States has remained Belize’s primary travel market, as US travel accounts for 70% of March’s overnight arrivals. Reference for Data
The tourism industry has stabilized with a significant increase in overnight arrivals, fueled by increased airlift and high-profile resort announcements. Based on the Ministry of Foreign Affairs release in March 2026.
Belize Overnight Tourism
The growth in Belize tourism has been largely in overnight arrivals. Overnight arrivals refer to the number of tourists who arrive at a destination and stay for at least one night. These individuals check into tourist accommodation facilities and contribute to the local economy.
In Belize, the overnight arrivals for the first quarter of 2026 (January to March) grew by 2.1% year-over-year, following 2025’s growth of 0.8%, with a total number of 551,698 overnight tourism arrivals to Belize. source
March 2026 tourism performance marked a notable improvement, reflecting a 5.7% increase compared to the same month in 2025. Compared with 2025, Q1 2026 figuresshow modest but positive growth, indicating continued recovery and stabilization.
The Philip Goldson International Airport (PGIA) remains the main gateway for travelers, handling approximately 81% of all overnight arrivals that visited Belize in 2026. While cruise visitor figures showed a slight decrease of 2.7% year-over-year compared to March 2025, the increase in stopover visitors reinforces Belize’s appeal as a prime destination for longer stays. source
Tourism Markets
Although U.S. arrivals dipped slightly in February, travelers from Canada increased by almost 29%, while European arrivals rose by 2.4%. These trends reflect Belize’s expanding reach and diversity in international markets. This shows a shift in market demand and travelers visiting Belize (more diversified travel markets).
The Belize Tourism Board (BTB) has introduced several new initiatives to enhance the tourism experience in Belize, including public transit bus networks in San Pedro, Ambergris Caye, and a National Tourism Security Strategy. The recent initiatives help to bolster infrastructure and ensure visitor safety, further enhancing Belize’s attractiveness as a destination.
Based on the 2026 data, Belize is positioning itself as a resilient global tourism market.
Belize Overnight Tourism Arrivals
Overnight Arrivals to Belize Q1 2026
Belize Market Trends & Arrivals
The first quarter of 2026 has already seen over 187,000 overnight visitors, a steady increase over previous years.
Dominant Markets: The United States continues to lead, accounting for 70% of all arrivals. However, there is a notable 28.5% spike in Canadian travelers and a growing interest from European markets.
Stayover vs. Cruise: While cruise tourism has seen a slight dip (down about 2.7%), “stopover” tourism—travelers staying in hotels and resorts—is at an all-time high, indicating a shift toward longer, more immersive trips.
Leisure travel is the primary driver of tourism arrivals in Belize. Leisure travel is supported by smaller segments, such as business travelers, Belizeans living abroad, and visitors traveling for education, health, or religious purposes. The consistent year-over-year growth reflects ongoing demand for Belize’s diverse tourism offerings.
Belize Tourism in 2026
Belize’s tourism sector in 2026 has shown impressive resilience and growth, despite global challenges.
Here are some key factors of the success Belize has seen in 2026:
Remarkable Growth: Belize has experienced extraordinary growth in its tourism sector, with increases in visitor numbers. In March 2026, Belize welcomed 68,895 overnight visitors, marking a 5.7% increase compared to the same month in the previous year (2025). This trend reflects a strong recovery and expansion within the tourism industry.
Consistent Performance: From January to March 2026 (Q1), Belize recorded 187,290 overnight visitor arrivals, underscoring consistent performance that bodes well for Belize’s tourism future. This figure indicates a solid start to the year and a positive outlook for the months ahead.
Focus on Sustainability: Belize is also prioritizing sustainability in its tourism offerings. This focus not only enhances visitor experiences but also positions Belize as a leader in sustainable tourism practices.
Establishing Market Reach: The Belize tourism sector is expanding its market reach by attracting a more diverse portfolio of visitors and travelers. Belize is establishing itself as a prominent destination in the global travel landscape. This growth is accompanied by efforts to set new benchmarks in service and sustainability, further solidifying Belize’s reputation as a top travel destination.
Belize Tourism from 2024 to 2026
Preliminary 2025 figures — which set the stage for 2026 — showed approximately 551,000 overnight visitors, exceeding both 2024 and pre-COVID 2019 benchmarks. Belize Tourism Board data suggests 2026 is trending toward another record year.
March 2026 alone recorded nearly 69,000 overnight arrivals, with Americans accounting for roughly 70% of visitors.
Recent data and economic reports indicate that Belize has exceeded the post‑pandemic recovery and is entering a new phase of tourism growth and expansion. Preliminary figures compiled by the Belize Tourism Board (BTB) and the Government of Belize show that total visitor numbers combining overnight and cruise travel reached well over 1.4 million in 2024, the strongest year on record. Industry summaries point to around 550,000 to 560,000 overnight visitors and close to 900,000 cruise passengers in that year, lifting arrivals above the previous pre‑2020 peak.
Independent tourism analyses describe 2024 as a banner year, with overnight tourism arrivals up around 21% over 2023 and surpassing 2019 benchmarks by double‑digit growth. March 2024 was the busiest month ever recorded for Belize overnight tourism, with more than 69,000 visitors arriving.
National economic assessments from multilateral institutions attribute much of Belize’s 2024 GDP growth to the surge in tourism. By early 2025, labor market data showed rising labor force participation and low unemployment, underscoring how tourism has become a primary economic engine and the primary source of jobs and foreign exchange. Tourism in Belize is more than just travel; it is an economic driver that stabilizes the broader national economy.
As 2025 progressed, news reports citing newly released arrival figures described “steady and measured” growth on top of the 2024 boom. Overnight visitor counts edged higher again, and cruise volumes held near historic highs, suggesting that Belize’s recovery was not a one‑off spike but the beginning of a more sustained upswing, as the 2026 data shows.
Belize Flight Connectivity
Philip Goldson International Airport (BZE) is busier than ever, with 105 international arrivals per week.
Key Hubs: Direct flights are now active from 20 major cities, including Seattle, Los Angeles, New York (JFK), Toronto, and Calgary.
Airlines: Major carriers include Alaska, American, Delta, JetBlue, United, and WestJet.
Saturdays remain the busiest travel day. With “old school” tarmac deplaning still the norm, expect about a 60-minute processing time during peak hours.
Belize Cruise Ship Tourism
Cruise arrivals approached 1 million passengers in 2025, up more than 8% year-over-year, though still below the 2019 peak. The government expects additional growth through 2026 as Caribbean itineraries normalize and port calls increase.
In 2026, cruise visitor figures decreased slightly by 2.7% year-over-year compared to 2025.
Diversifying Travel Markets
Belize’s tourism momentum has been supported by the continued evolution of direct flights and air connectivity. Over recent years, major North American airlines have expanded seasonal and year‑round flights to Belize, while regional airlines have strengthened connections from Mexico, Central America, and the Caribbean.
Although some airlines and flights have had to adjust schedules or withdraw routes in the first half of 2026 in response to global economic cost pressures, the overall pattern points to growing capacity and more diversified travel and connectivity.
Belize has attracted travelers not only from its traditional core markets in the United States and Canada but also from Europe and Latin America (especially connections through Panama PTY). Sector studies and tourism plans highlight that while the United States remains the dominant source of tourism (70% of overnight arrivals, based on BTB data), secondary markets are gaining share, a trend expected to reduce the industry’s vulnerability to single‑market shocks.
Domestic and regional airlines based in Belize and neighboring countries have also played a role in widening access and connectivity. Local domestic carriers have also had an impact, working to shorten transfer times and spread tourism benefits more evenly. Industry observers note that these links are particularly important for higher‑spending guests seeking multi‑stop travel itineraries in Belize that combine reef, beach, and rainforest experiences in a single trip.
Forward‑looking projections suggest that total tourist arrivals in Belize could remain close to or above the 2019 peak through 2026, even as global travel growth moderates or declines. This positions the country as one of the more resilient tourism markets in the Caribbean and Central America, where some destinations are seeing flatter demand as airfares rise and travelers become more selective.
40% of Belize’s GDP when direct and indirect impacts are included
Tourism directly creates around 35,000 jobs
Major spillover effects into agriculture, fisheries, retail, construction, and transportation
The IMF also notes that tourism directly contributes about 12% of GDP in Belize, with broader economic dependence substantially higher.
Belize and Global Travel in 2026
Belize tourism in 2026 is showing continued expansion, with the country moving from “post-pandemic recovery” into a more mature growth phase driven by airlift expansion, hotel development, and higher-value experiential travel. The sector remains one of the largest pillars of Belize’s economy and a significant contributor to the Belize real estate investment market.
The US is the top source market for tourism in Belize. Travelers from the United States represent roughly 70% of overnight arrivals in March 2026 alone. Other contributing markets included Europe, Canada, Mexico, and smaller segments from South America and other regions. The sustained presence of U.S. travelers continues to anchor Belize’s tourism performance.
With a reinforced reputation as a safe, nature‑rich, and relatively uncrowded destination, Belize is increasingly more attractive to international travelers. Belize has also received numerous travel awards between 2024 and 2026, further increasing exposure to and interest in travel to Belize.
In 2026, Belize appears to be defying several of the global challenges facing the travel industry, turning a period of uncertainty into an opportunity to benefit and set new benchmarks for responsible tourism growth in the Caribbean and Central America.
Dustin Rennie is one of the Caribbean and Central America’s most recognized real estate professionals. Dustin has established himself as a leading authority on Belize real estate and investment opportunities.
Known for combining market intelligence with a global investment perspective, Dustin has consistently ranked among the top-performing RE/MAX agents worldwide and has received numerous international industry awards and recognitions.
Beyond real estate, Dustin Rennie is recognized for his contributions to Belize’s economic growth and investment landscape. He frequently speaks on topics related to real estate, tourism, infrastructure, and international investment.
Belize’s tourism sector enters 2026 with record visitor volumes and expanded air access, outpacing wider global tourism trends.
In 2026, even amid the challenges facing global travel, the Belize tourism sector is showing surprising resilience, as the latest statistics reveal growth in the number of overnight visitors during the first quarter of 2026. With over 187,000 arrivals in just three months, the tourism industry continues to gain momentum, showing its resilience and attraction to global travelers.
March 2026, Belize saw 68,895 overnight visitors, marking a notable 5.7% increase compared to the same month in 2025. The United States remains the primary travel market for Belize, as it still accounts for 70% of March’s overnight arrivals.
Overnight arrivals for the first quarter of 2026 (January to March) grew by 2.1% year-over-year, following 2025’s growth of 0.8%, with a total number of 551,698 overnight tourism arrivals to Belize.
The Philip Goldson International Airport (PGIA) remains the main gateway for travelers, handling approximately 81% of all overnight arrivals in March of 2026. While cruise visitor figures showed a slight 2.7% decrease compared to March 2025, the increase in stopover visitors reinforces Belize’s appeal as a prime destination for longer stays. source
It has also been noted that the first quarter of 2026 is showing some shifts in market dynamics. Although U.S. arrivals dipped slightly in February, travelers from Canada increased by almost 29%, while European arrivals rose by 2.4%. These trends reflect Belize’s expanding reach and diversity in international markets.
In a bid to enhance tourist experiences, the Belize Tourism Board (BTB) has introduced several new initiatives, including public transit in San Pedro and a National Tourism Security Strategy. These developments aim to bolster infrastructure and ensure visitor safety, further enhancing Belize’s attractiveness as a destination.
With these developments, Belize is positioning itself as a resilient player in the global tourism market.
Recent data and economic reports indicate that Belize has exceeded the post‑pandemic recovery and is entering a new phase of tourism growth and expansion. Preliminary figures compiled by the Belize Tourism Board (BTB) and the Government of Belize show that total visitor numbers combining overnight and cruise travel reached well over 1.4 million in 2024, the strongest year on record. Industry summaries point to around 550,000 to 560,000 overnight visitors and close to 900,000 cruise passengers in that year, lifting arrivals above the previous pre‑2020 peak.
Independent tourism analyses describe 2024 as a banner year, with overnight tourism arrivals up around 21% over 2023 and surpassing 2019 benchmarks by double‑digit growth. March 2024 was the busiest month ever recorded for Belize overnight tourism, with more than 69,000 visitors arriving.
National economic assessments from multilateral institutions attribute much of Belize’s 2024 GDP growth to the surge in tourism. By early 2025, labor market data showed rising labor force participation and low unemployment, underscoring how tourism has become a primary economic engine and the primary source of jobs and foreign exchange. Tourism in Belize is more than just travel; it is an economic driver that stabilizes the broader national economy.
As 2025 progressed, news reports citing newly released arrival figures described “steady and measured” growth on top of the 2024 boom. Overnight visitor counts edged higher again, and cruise volumes held near historic highs, suggesting that Belize’s recovery was not a one‑off spike but the beginning of a more sustained upswing, as the 2026 data shows.
Expanded Airlift and Diversifying Travel Markets
Belize’s tourism momentum has been supported by the continued evolution of direct flights and air connectivity. Over recent years, major North American airlines have expanded seasonal and year‑round flights to Belize and the Philip S. W. Goldson International Airport (BZE), while regional airlines have strengthened connections from Mexico, Central America, and the Caribbean.
Although some airlines and flights have had to adjust schedules or withdraw routes in the first half of 2026 in response to global economic cost pressures, the overall pattern points to growing capacity and more diversified travel and connectivity to Belize. Belize has attracted travelers not only from its traditional core markets in the United States and Canada but also from Europe and Latin America (especially connections through Panama PTY). Sector studies and tourism plans highlight that while the United States remains the dominant source of tourism (70% of overnight arrivals, based on BTB data), secondary markets are gaining share, a trend expected to reduce the industry’s vulnerability to single‑market shocks.
Domestic and regional airlines based in Belize (Tropic Airlines and Maya Airlines) and neighboring countries have also played a role in widening access and connectivity. Local domestic carriers have also had an impact, working to shorten transfer times and spread tourism benefits more evenly. Industry observers note that these links are particularly important for higher‑spending guests seeking multi‑stop travel itineraries in Belize that combine reef, beach, and rainforest experiences in a single trip.
Forward‑looking projections suggest that total tourist arrivals in Belize could remain close to or above the 2019 peak through 2026, even as global travel growth moderates or declines. This positions the country as one of the more resilient tourism markets in the Caribbean and Central America, where some destinations are seeing flatter demand as airfares rise and travelers become more selective.
Belize’s tourism sector in 2026 has shown impressive resilience and growth, despite global challenges.
Here are some key factors of the success Belize has seen in 2026:
Remarkable Growth: Belize has experienced extraordinary growth in its tourism sector, with increases in visitor numbers. In March 2026, Belize welcomed 68,895 overnight visitors, marking a 5.7% increase compared to the same month in the previous year (2025). This trend reflects a strong recovery and expansion within the tourism industry.
Consistent Performance: From January to March 2026 (Q1), Belize recorded 187,290 overnight visitor arrivals, showcasing a consistent performance that bodes well for the future of Belize tourism. This figure indicates a solid start to the year and a positive outlook for the months ahead.
Focus on Sustainability: Belize is also prioritizing sustainability in its tourism offerings. This focus not only enhances visitor experiences but also positions Belize as a leader in sustainable tourism practices.
Establishing Market Reach: The Belize tourism sector is expanding its market reach by attracting a more diverse visitor and traveler portfolio. Belize is establishing itself as a prominent destination in the global travel landscape. This growth is accompanied by efforts to set new benchmarks in service and sustainability, further solidifying Belize’s reputation as a top travel destination.
Belize and Global Travel in 2026
With a reinforced reputation as a safe, nature‑rich, and relatively uncrowded destination, Belize is increasingly more attractive to international travelers. Belize has also been the recipient of numerous travel awards (including hosting the CTO sustainable tourism awards).
In 2026, Belize appears to be defying several of the global challenges facing the travel industry, turning a period of uncertainty into an opportunity to be a beneficiary and set new benchmarks for responsible tourism growth in the Caribbean and Central America.
