Panama: Tourists Spent 13% More in 2015

Visitor spending went from $3.728 billion in 2014 to $4.2 billion in 2015, double the growth rate for the category in a year.

Friday, February 19, 2016

The entry of travelers into Panama grew by 6.9% at the end of last year, going from 6,668 in 2014 to 7,128 in 2015. This greater volume of passengers spent 12.7% more than they did in 2014, reaching a record high of $4,199.7 million, according to the National Institute of Statistics and Census.

Meanwhile, the number of accommodation units occupied during 2015 was 10,451, compared to the 10,334 occupied in 2014, representing a slight increase of 1.1%.

The room occupancy fell again to 56.1% in 2014 to 52.3% in 2015. Average daily rooms occupied during the last year was 5,466 compared to 5,816 registered the previous year, implying a 6% drop in this indicator.

The daily average of overnight stays also fell by 1.5%, going from 10,023 in 2014 to 9,871 in 2015.

See: Updated table on hotel occupancy by the General Comptroller of the Republic

See: Updated table on passenger entry into the country by the General Comptroller of the Republic

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Panama: Tourist Spending Continues to Slow Down

December 2017

From January to October 2017, tourist spending grew by only 1.6% compared to the same period in 2016, significantly lower than the 13% recorded between 2015 and 2016.

According to figures from the Office of the Comptroller General of the Republic, during the first ten months of the year tourists who arrived in the country spent $3.798 billion, an amount that exceeds by $60 million the $3.738 billion registered in the same period in 2016.

Panama: Tourism Figures in 2014

February 2015

During the year 2.3 million tourists came into the country, of which 48% came from South America, 24.3% from North America, 12.7% from Central America and 2.5% of the Antilles.

The increase of 4.7% compared to 2013 did not solve the problem of low occupancy in hotels, because the supply of rooms also continued to rise. A drop of 20% was reported in financial income from this sector.

Hotel Occupancy in Panama Improves

May 2013

During the first four months of 2013 the convention and congress sector revived the hotel sector which recorded an average occupancy of 61%.

Prensa.com reports that "in total, between January and April 831,593 visitors were reported, which is an increase of 4.4% with 34,893 additional travelers compared to the same period last year."It is estimated that during this period about $847.7 million entered the Panamanian economy.

Increase in Influx of Tourists to Panama

August 2012

In the first seven months of the year 1,236,000 visitors came to the country, 5.4% more than the in same period in 2011, with the majority of tourists coming from the U.S.

The increase in the number of visitors has not been sufficient to cover the greater supply of hotels, which experienced a drop in occupancy rates of 7%.

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