2016: Bad Year for Panamanian Tourism

A decline of 4.6% in the flow of visitors has been attributed by tour operators to the fact that in recent years the country did not have sufficient international promotion.

Friday, May 12, 2017

An article on Prensa.com reports that "according to the National Migration Service and the Comptroller General's records, 2,432,641 visitors were registered last year, down 4.6% compared to 2015."

The hotel sector suffered from this fall and occupancy rates continued to fall, registering 47% for hotels with more than 100 rooms and 38% for small hotels.

More on this topic

Hotel Occupancy in Panama Falls by14%

August 2012

During the first seven months of 2012, occupancy was down 7% compared to the same period in 2011, while the figure for July 2012 was 14% lower than in July last year.

The number of visitors to Panama has not decreased, so the decline in the number of occupied hotel rooms is explained by the continuous addition of new hotels, with beds being added that end up unoccupied, especially in the Panamanian capital.

Panamanian Tourist Offensive Begins

January 2012

The government has launched an aggressive plan to promote investments in two areas of most interest to tourism: the former U.S. base in Sherman, in the Caribbean, and Amador, on the banks of the Canal on the Pacific side.

Authorities in Panama have set in motion an ambitious plan to attract investment in two areas of most interest to tourism: the old Sherman U.S.

Panama: Hotel Supply Exceeds Demand

December 2011

More rooms on offer will mean a 50% occupancy rate for hotels in the coming year.

Just this year over 600 rooms have joined the market with the openings of various hotels like the Trump, Victoria and Hilton Doubletree.

Hotel industry projections indicated that in October there would be an increase of 4% as a result of the climate change convention held in the capital city that month, but the occupancy rate reached 62.3% while in same month of 2010 it was 68.4%.

Still Not Enough Tourists For So Many Hotels

August 2011

Hotel occupancy in Panama has dropped by two percentage points in the first months of the year, and it is estimated that by 2012 the occupancy rate will fall to 38%.

In the race for growth between the number of tourists arriving in Panama, and the supply of available beds, the latter is winning, and it is estimated that it wont be until 2016 that the current occupancy rates are achieved again.

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