Hoteliers have suggested making Panama a "duty free" zone for tourists, eliminating customs and import duties and refunding ITBMS to visitors.
Faced with the loss of competitiveness in the Panama hotel sector, entrepreneurs are asking for customs and import taxes to be eliminated, and tourists to be refunded the ITBMS charged when leaving the country. The ultimate goal is to increase the national ITBMS to above 7%, to offset the import tax, informed Herman Bern, of the hotels Miramar, Le Meridien and Westin to Laestrella.com.pa.
Solutions are being sought to the lack of promotion of the country and unfair competition from illegal hotels, so that the occupancy rate, which went from 70% in 2011 to 52% in 2015, can be improved.
According to the Office of the Comptroller General of the Republic, the occupancy rate in Panama fell once again last year, going from 56.1% in 2014 to 52.3% in 2015. The average daily number rooms occupied during the last year was 5,466 compared to 5,816 registered the previous year, representing a 6% drop in this indicator.
Marriott International has announced plans to convert the hotel Bristol Buenaventura in Panama into the first resort and the first hotel under their brand name in Panama.
Marriott International has announced plans to convert the hotel Bristol Buenaventura in Panama into the premier resort and premier hotel under their brand name in the country, according to a statement from the chain.
The hotel chain is to build a new premises and two existing ones are to be renamed to join the chain, meaning that there will be seven hotels in the canal country.
The economic boom around the Canal expansion and the expected arrival of more leisure and business tourists with high purchasing power, has attracted the attention of the multinational chain Marriott, which will soon have 7 hotels in Panama.
Marriott, Sheraton, and Hilton are some of the brands that will expand in the country.
The strong economic growth experienced by Panama is also being reflected in the tourism industry, whose investments are increasing every year.
Between this year and 2013 the major hotel chains, in some cases in conjunction with Panamanian capital and in other cases independently, are expected to build new hotels on the beaches and in the city.
The opening of the JW Marriot hotel, located in Bogotá's financial district, forms part of its South American expansion plans.
Fernando Poma Kriete, executive vice-president of Real Hotels and Resorts (the hotel division of Poma Group), commented that the hotel is, "in the financial district of Bogotá and features 264 rooms, 143 with king size beds, 96 with full size beds, 24 junior suites and one presidential suite".
Before the end of the month Marriot will inaugurate a new tower and Finisterrre Hotel will enable 100% of its facilities.
With the new tower, Marriot will add 91 rooms to the hotel’s existing 298. Annete Cárdenas, Maarketing director, remarked that all the rooms have been completely remodeled.
In turn, Hotel Finisterre will complete the inauguration of its entire facilities on June 20, with a total 126 rooms. Company representatives stated that $18 million have been invested in this project.
The hotel is immersed in 45 hectares of primary and secondary forest , at the foot of the majestic Arenal Volcano , which makes it a true oasis of peace, enriched by an exuberant vegetation and diverse fauna. Montaña de Fuego has become one of the most beautiful hotels in the area, with one of the most privileged panoramic views of the Arenal Volcano.
Operates in Costa Rica, Honduras and Panama
Phone: (506) 2479 1220 - (506) 2479 1220
We are one of the best luxury hotels in San Jose, we have five-stars for business or pleasure travel.
Operates in Panama, Nicaragua, Honduras, Guatemala, El Salvador and Costa Rica
Phone: (506) 2523 1266 - (506) 8378 1266
Hotel Makanda by the Sea in Costa Rica announced that is has been chosen by the Elegant Small Hotels division of Lanier Publishing International Inc. for the prestigious honor of cover hotel for the 25th Silver Edition Guidebook.