Panama: Tourist Spending Slows

In the first nine months of the year, tourist spending in the country grew by 2.7% compared to the same period last year, well below the 11% increase registered between 2015 and 2016.

Thursday, November 16, 2017

"ltr">Figures from the Comptroller General of the Republic show that at the end of the third quarter of the year tourists who visited Panama spent $3.499 billion, while in the same period in 2016 theses expenses amounted to $3.407 billion. 

See statistics by the Controlaria. (In Spanish)

"... Arrivals of North Americans (United States, Canada and Mexico) fell by 12% up until the month of September, while the movement of Europeans, which up until last year remained one of the main markets for Panamanian tourism, decreased by 7.7 %, with 619,000 people."

Ernesto Orillaca, president of the Panamanian Association of Tourism Operators, told that "... connectivity of the country with the United States needs to be increased, but through airlines whose final destination is Panama. He explained that Panama is attracting tourists who stay for two or three nights, when the sector needs medium and long stay travelers."

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More on this topic

Fewer Tourists Arriving in Panama

August 2018

According to entrepreneurs in the sector lack of promotion of the country is the reason why one million tourists came into the country between January and May of this year, 4% less than in the same period in 2017.

The Tourism Authority of Panama (ATP) reported that 1,091,008 tourists arrived in the first five months of 2018, registering a fall of 3.8% in relation to the 1,134,573 visitors registered in the same period in 2017.

How to Attract More Tourists to Panama

May 2017

Private companies and the municipality of Panama City are developing a plan to offer tourist activities in the capital to passengers who are in transit through Tocumen airport.

While tourism and hotel operators are still looking for alternatives to improve the sector's sluggish figures, the municipality of Panama intends to develop a plan that encourages passengers who are waiting for connections at Tocumen airport to go out and visit some tourist attractions in the city. Routes related to religious tourism, others focused on the history of Panamanian athletes who are famous worldwide and thematic shows that show how life was during different periods of Panamanian history, are some of the ideas that have been suggested so far.

Costa Rica: Tourism Figures for June 2015

September 2015

In the first half of the year 1.4 million tourists visted the country, only 1.7% more than in the same period in 2014.

From a statement issued by the Costa Rican Tourism Institute (ICT):

In the first six months of the year, our country received 1,415,046 international arrivals; that is, more than 23,429 tourists entered through all ports, according to data provided by the Directorate General of Immigration (DGME) and analyzed by the Costa Rican Tourism Institute (ICT).

Panama: More Revenue From Tourism Than From Canal

April 2014

The revenue generated by tourist arrivals is almost two times higher than the income received by tolls at the Canal.

The growth in the number of visitors to Panama and the amount of money they spend in the country has been so rapid that it already far exceeds the revenue generated by tolls on the Canal.

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