Hotel occupancy: Figures up to April 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.

Tuesday, July 9, 2019

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.

You may be interested in "Tourism and Air Connectivity

During the first four 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 reversed.

For its part, between April 2018 and the same month of 2019 the number of rooms available slightly increased by 0.05%, rising from 10,199 to 10,205.

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More on this topic

Hotel Occupancy Begins 2019 with Slight Increase

June 2019

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.

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.

Panama: Hotel Occupancy Down 7%

February 2019

During 2018, hotels in Panama City reported an average daily occupancy of 4,602 rooms, 7% less than in 2017.

The latest data from the General Comptroller of the Republic detail that only in December the daily average of occupied rooms registered a 5% drop compared to the same month last year, falling from 4,544 to 4,307.

Hotel Occupancy Continues to Decline

July 2018

From January to May of this year, hotels in Panama City reported an average occupancy of 4,799 rooms per day, 7% less than in the same period in 2017.

According to figures from the Office of the Comptroller General of the Republic, in May alone the average number of occupied rooms registered a 5% drop compared to the same month last year, when it fell from 4,690 to 4,479.

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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