Panama: $1.76 billion in new hotel projects

The Panama Tourism Institute (Ipat) received 56 new hotel projects between August 27 and 30.

Monday, September 8, 2008

According to a report from Ipat to which La Prensa had access, these hotels will generate 8,207 jobs and create 5,938 rooms. If these new projects are added to those that are already in process or those that have not yet been registered at the National Registry, the Panama Tourism Authority has a portfolio of 104 projects which is equal to an investment of $3.63 billion that will generate 16,039 jobs and 22,227 rooms.

More on this topic

International Conventions Boost Hotel Business

May 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.

According to the Tourism Authority of Panama (ATP), the IX World Congress and celebration of 50th anniversary of the World Missionary Movement's work, held at the Figali Convention Center, generated 20,000 room nights and provided $5 million.

$153 million Invested in New Tourism Projects

November 2011

Between January and October, the Tourism Authority of Panama (ATP) recorded a total of 33 new tourist developments.

Up to October, new projects submitted exceeded both in number and amount of investment to those recorded in 2010.

Of the new developments, 66% will be built in the Province of Panama, and the rest in the provinces of Chiriqui and Colon.

Millionaire Tourism Project Unveiled in Panama

September 2010

Consulting company C4T presented the government a project to develop a touristic complex at the former Sherman air base.

Company spokesperson Jordi Marcé noted that the project requires an investment of $180 million, and would generate over 1.000 new jobs.

“We have considered all the possibilities and talents of the area”, explained Marcé, who remarked that the initiative is geared towards ecologic tourism and will imply new infrastructure connecting the area with the city of Colón.

12 New Hotels in Panama

September 2009

In July and August, the Tourism Authority approved twelve new hotels and six travel agencies.

These new hotels will contribute 206 rooms and generate 155 jobs.

"In these two months, the entity has also received two hospitality investment proposals, which would add 536 rooms and 76 direct jobs", reported

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