The current occupancy rate of 57% can be explained by the increased supply of rooms and the relative decline of San Jose as a business destination.
The increased supply of hotel rooms in the capital is one of the reasons for the low level of occupancy, which as of January stood at 57%. This occurs mainly in hotels that attract business travelers or tourists who spend up to two nights prior to departure.
In 2014 the number of hotel rooms in Panama on offer will exceed 17,000, for which an inevitable price war is foreseen.
The other problem revealed to entrepreneurs is the lack of skilled labor to service clients in sophisticated environments where mastering a second languages is essential.
The Panamanian inventory of hotel rooms in 2010 indicated the supply of 10,000 rooms. In the last three years, 20 new hotels have been built, and there are another 22 under construction. In 2014, when all these new buildings have opened their doors, the total will reach 17,392 rooms on offer.
Wyndham Garden is a boutique hotel in the city's financial center, ideal for the business traveler and the leisure, offering luxurious rooms at an unbeatable price.
Operates in Panama
Phone: (507) 6781 8388 - (507) 212 5700