Panama: Hotel Occupancy Rate dropped to 48% in 2016

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.

Friday, February 17, 2017

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%. 

The daily average for overnight stays during 2016 was 11,116, higher than the average during the previous year, of 9,871. At the same time, the daily average for the number rooms occupied during 2016 dropped to 4,977, after having been located at 5,466 in 2015.

See statistics compiled by the Comptroller General. (In Spanish) 

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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.

Panama: Hotel Occupancy Down 7%

February 2019

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

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.

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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