Panama: $1.76 billion in new hotel projects
The Panama Tourism Institute (Ipat) received 56 new hotel projects between August 27 and 30.
Monday, September 8, 2008
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.
Between January and October, the Tourism Authority of Panama (ATP) recorded a total of 33 new tourist developments.
Consulting company C4T presented the government a project to develop a touristic complex at the former Sherman air base.
The act of holding conventions in Panama has intensified areas such as transportation, lodging and shopping, and its contribution to GDP is projected for this year at $32 million.
In July and August, the Tourism Authority approved twelve new hotels and six travel agencies.
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