Hotel Sector Bets on EventsIn order to increase hotel occupancy in Panama, business people believe that the country should focus on attracting clients in the segment of meetings, conferences, exhibitions and congresses, events that could become the lifeline of the sector.Monday, January 20, 2020
According to reports from the General Comptroller of the Republic, in October 2019, hotels in Panama City reported an average daily occupation of 4,457 rooms, 5% less than the same month in 2018. Source: elcapitalfinanciero.com ¿Busca soluciones de inteligencia comercial para su empresa?Do you need more information about your business sector?Request more information: Need assistance? Contact us
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Tourism: Growth Goals in PanamaJune 2019 The Tourism Promotion Fund has the aim of increasing by 100 thousand the number of visitors that annually arrive in the country, a rise that would be determined by the development of advertising campaigns in five areas. Hotel Profits Down 20% in PanamaJune 2014 Although the number of tourists coming to Panama City continues to grow, there is still an oversupply of rooms, and in the last 3 years average occupancy has fallen by 10%. Hotel Occupancy in Panama ImprovesMay 2013 During the first four months of 2013 the convention and congress sector revived the hotel sector which recorded an average occupancy of 61%. International Conventions Boost Hotel BusinessMay 2013 The act of holding conventions in Panama has intensified areas such as transportation, lodging and shopping, and its contribution to GDP is projected for this year at $32 million.
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