Panama: Hotel Occupancy Down 7%

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

Wednesday, February 20, 2019

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.

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Hotel occupancy is still reinforcing its downward trend. During 2015, 2016 and 2017, it reported reductions of 6%, 9% and 1%, respectively.

Regarding the percentage of housing occupancy for the years concerned, figures indicate that it fell from 47% to 45%.


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Panama: Hotel Occupancy Falls 4%

August 2019

During May of this year, hotels in Panama City reported an average daily occupancy of 4,293 rooms, 4% less than the same month in 2018.

The figures of the General Comptroller of the Republic detail that in May the daily average of occupied rooms registered a decrease with respect to the same month last year, product of decreasing from 4,479 to 4,293.

Hotel occupancy: Figures up to April 2019

July 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.

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.

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 Occupancy Rate dropped to 48% in 2016

February 2017

Between 2015 and 2016 the average occupancy rate went from 52% to 48%, while the total supply of rooms decreased from 10,451 to 10,369.

Figures from the General Comptroller of Panama indicate that the downward trend in hotel occupancy was maintained throughout 2016, with the month of December recording an average percentage of 47.7%. 

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