Increased Hotel Supply in Panama

An urban resort style five-star hotel called The Santa Maria has opened in Panama City, following an investment of around $50 million.

Wednesday, March 7, 2018

ir="ltr">Representatives from the urban resort The Santa Maria stated that the hotel offers 182 luxury rooms, which have an area that ranges between 40 m2 and 300 m2The infrastructure, which required a global investment of $50 million, has two restaurants and next April they plan to open a third.  

See also: "
Airbnb, taxes and tourism"

In relation to the segment of the market which the new hotel complex is targeting, Fidel Reyes, general manager of the Santa María hotel, told Elcapitalfinanciero.com that " ... it is aimed at corporate clients, recipients of incentives and convention goers or for families who want to spend their vacations there or who wants to 'disconnect'. "

Reyes added that " ...The concept behind The Santa Maria is to attract visitors from markets such as Colombia, Costa Rica, Mexico and the United States, as well as other destinations in Europe."

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