Hotel Occupancy Begins 2019 with Slight Increase

From January to March of this year, hotels in Panama City reported a daily average occupancy of 5,014 rooms, 2% more than that recorded in the same period in 2018.

Tuesday, June 25, 2019

The latest report of the General Comptroller of the Republic, details that only in March the daily average of occupied rooms registered an 8% increase over the same month last year, growing from 4,644 to 5,017.

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During the first three months of 2016, 2017 and 2018, the level of hotel occupancy has fallen compared to the same period of each of the previous years, however, in 2019 that behavior was reverted.

On the other hand, between March 2018 and the same month of 2019 the number of available rooms grew slightly by 0.05%, rising from 10,199 to 10,205.

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Panama: Hotel Occupancy Does Not Improve

September 2019

Although in the first semester the average number of occupied rooms in Panama City remained unchanged with respect to the same period in 2018, the figures are still far from what was recorded in the first six months of 2017.

According to the reports of the General Comptroller of the Republic in June the daily average of occupied rooms did not register significant changes with respect to the same month of the last year, product of growing from 4.488 to 4.490.

Panama: Hotel Occupancy Falls 4%

August 2019

During May of this year, hotels in Panama City reported an average daily occupancy of 4,293 rooms, 4% less than the same month in 2018.

The figures of the General Comptroller of the Republic detail that in May the daily average of occupied rooms registered a decrease with respect to the same month last year, product of decreasing from 4,479 to 4,293.

Hotel occupancy: Figures up to April 2019

July 2019

From January to April of this year, hotels in Panama City reported an average daily occupancy of 4,933 rooms, just 1% more than the same period in 2018.

The latest report of the General Comptroller of the Republic, details that only in April the daily average of occupied rooms registered a 2% increase over the same month last year, growing from 4,630 to 4,691.

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%.

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