12 New Hotels in Panama

In July and August, the Tourism Authority approved twelve new hotels and six travel agencies.

Tuesday, September 8, 2009

These new hotels will contribute 206 rooms and generate 155 jobs.

"In these two months, the entity has also received two hospitality investment proposals, which would add 536 rooms and 76 direct jobs", reported Prensa.com.

More on this topic

Travel Agents Without Bonds

August 2012

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. "

Spanish Firm El Corte Inglés Launched in Panama

June 2012

Attracted by the country's economic growth from the Canal, the Spanish group will start by setting up a travel agency in the Trump Ocean Tower.

In the short term, the Spanish retail giant will open a travel agency in the luxurious Trump Ocean Tower in the capital. In the long term, it could build a shopping center.

$115 million invested in Panama hotel sector

December 2008

The high demand by visitors to the capital city has caused more and new hotels to be built and for the number of rooms available to be expanded.

Hotels under construction include the Riu, the Megapolys, the Los Faros and the Le Méridien, which should start to function between 2009 and 2011.

Panama: $1.76 billion in new hotel projects

September 2008

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.

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