Panama: Hotel Occupancy Falls 4%

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.

Wednesday, August 7, 2019

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.

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During the first five 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, reporting a slight variation of 0.1%.

On the other hand, between May 2018 and the same month of 2019 the number of available rooms grew slightly by 0.05%, rising from 10,199 to 10,205.

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Panama: Hotel Occupancy Does Not Improve

September 2019

Although in the first semester the average number of occupied rooms in Panama City remained unchanged with respect to the same period in 2018, the figures are still far from what was recorded in the first six months of 2017.

According to the reports of the General Comptroller of the Republic in June the daily average of occupied rooms did not register significant changes with respect to the same month of the last year, product of growing from 4.488 to 4.490.

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 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.

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.

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