Panama: More than 20 New Hotels in 2012

With an investment of $1,500 million more than twenty hotels will open their doors this year in Panama.

Monday, January 9, 2012

This will mean the incorporation of six thousand new rooms to the hotel industry market, said Sarah Brown, president of the Panamanian Association of Hotels (APATEL).

"Among the hotels that will open their doors, are Hyatt Place, Wingate by Wyndham, Aloft, Megapolis, the Westin in Costa del Este, the NH Hotel, Sonesta Hotel and Waldorf Astoria Hotels & Resorts.

The latter will be the first structure by this chain in Latin America and the fifth development by Hilton Worldwide in Panama, since this year they expect to complete three more buildings" wirte Diamar Diaz for

More on this topic

Panama: Hotel Occupancy Rates Fail to Rally

September 2017

Between January and July, occupancy fell by 6% compared to the same period in 2016, and projections by employers for the second half of the year are not very encouraging.

The hotel trade union believes that there are not many options for trying to change the situation in the sector, mainly caused by less tourism promotion at an international level in the last four years. The situation also indicates that perhaps it is not only lack of promotion explaining the low occupancy rates, but also a clear oversupply of rooms.

Tourism Numbers in Panama Don't Match

May 2015

Tourism companies have denounced underspending in the budget for international promotion of the country and assert that the official figures for hotel occupancy are not real.

Industry representatives argue that the hotel occupancy rate published by the Tourism Authority merely represents a sample of some large hotels in the capital ", while data from hotels in the interior of the country are not even taken into account in the statistics. Added to this problem is the low implementation of the budget for marketing tourism in the country. According to a report by the ATP, "... as of April 30, 2015, not a single penny has been invested of the $2 million earmarked for the development of Panama as a country brand."

Hotel Parking No Longer Free

December 2013

Panamanian hotels are following the trend in the U.S. and Europe and start to charge their customers.for parking services.

"Charging for the use of parking is a general trend in the country in buildings, hospitals and shopping centers," said Sara Pardo, CEO of Westin Hotel in Costa del Este. There they charge $4 Monday to Saturday for the use of parking lots, while on Sundays the service is free.

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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