The Panama Tourism Institute (Ipat) received 56 new hotel projects between August 27 and 30.
According to a report from Ipat to which La Prensa had access, these hotels will generate 8,207 jobs and create 5,938 rooms. If these new projects are added to those that are already in process or those that have not yet been registered at the National Registry, the Panama Tourism Authority has a portfolio of 104 projects which is equal to an investment of $3.63 billion that will generate 16,039 jobs and 22,227 rooms.
About 60 tourism agencies have been operating in Panama without possessing the required performance bond.
This bond, designed to support consumers in the event of the agency failing to comply with the contract, has a value of $10 000, and must be renewed annually.
An article in Prensa.com reports that "the Tourism Authority of Panama (ATP) has reported that it has already canceled three operating licenses, and that the rest of the companies have already updated their bonds. The companies that lost their license may appeal against the ATP’s decision, which is why the entity has not disclosed their names. "