Panama: Hotel Supply Growing in Chiriqui

The air link with the capital is one of the reasons behind the increase in the supply of rooms in the province, a number which is expected to rise to 3,000 by the end of the year.

Monday, April 20, 2015

Currently the Tourism Authority of Chiriqui is running a pilot scheme to improve the quality of the hotels in the province, since most are rated at three stars. At the end of 2014 only 700 rooms offered 5-star amenities and average costs range between $80 and $300.

Oscar Jimenez, CEO of Gran Hotel Nacional, told Laestrella.com.pa that "... The air interface has helped to consolidate the position of Chiriqui on the tourist map, and there could be an increase in the coming months folliwng the conclusion of construction of several infrastructure projects, such as the David-Boquete road and the Enrique Malek International Airport. "

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Tough Competition for Hotels in Panama

September 2015

Lack of international promotion is the cause indicated by entrepreneurs of the fall in the average rate in the capital, which has dropped by 40% in the past five years.

The union says the problem of oversupply of rooms in the country began to get worse in 2012, when the international tourism promotion agreement which the government signed with an advertising agency ended.They argue that "...While Panama disappeared from international markets, other countries such as Costa Rica, Mexico, Ecuador and the Dominican Republic increased their spending on advertising. "

More Boutique Hotels in Costa Rica

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Seven new establishments with high quality personalized service will add 291 rooms to the hotel inventory with its opening in tourist areas and in the capital.

There are currently 45 boutique hotels and the arrival of another seven is expected soon, some of which are already under construction and others are awaiting the appropriate permissions to operate.

Hotel Price War Continues in Panama

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While occupancy rates and average prices continue to fall, the Panamanian hotel market is preparing to increase its supply by another 1,200 rooms at the end of the year.

The Panamanian Association of Hotels (Apatel) reports that in recent years there has been a 209% increase in the number of rooms available in the country, in contrast to demand which has only grown by 5% annually.

7 Star Development in the Caribbean in Panama

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With the brand name 'Six Senses' promoters from Costa Rica have announced an initial investment of $40 million in the Caribbean coast of Panama.  

The site chosen for the construction of the property is a collection of beaches located north of the province of Chiriqui, on land whose domain registration and subsequent sale to developers has been controversial.

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