Panama hotel supply still not enough

Despite an increase of 3.4% in 2008, hotels were unable to meet the demand for tourist accommodations.

Monday, January 5, 2009

According to, "For the sub-administrator of the Panama Tourism Authority, Carl Fredrik Nordstrom, supply increased, but "it is never enough," bearing in mind the increase in tourists that are visiting the country.

The Department of Development and Investment of the Tourism Authority reported that 25 new hotels opened with an investment of $25.5 million, providing 561 rooms and 935 beds, in addition to generating 309 jobs."

More on this topic

Nicaragua: Hotel Business Continues to Grow

August 2016

The continuous increase in the flow of tourists coming to the country explains some of the 10% growth seen in the hotels and restaurants sector up to June.

This growth in hotel activity is based on an increase in tourist arrivals, which in 2015 grew nearly by 5% compared to the previous year. Figures from the Monthly Index of Economic Activity by the Central Bank show that in the first half of the year the activity grew by 6.5% compared to the same period in 2015.

Nicaragua: More Hotels in Granada

January 2015

At the end of 2014 110 hotels were operating in the main tourist city of Nicaragua, where three new establishments plan to open to the public during the year.

Tax incentives granted by the Nicaraguan government have allowed employers in the hotel sector to increase their investment in Granada, which in 2014 received 521,000 tourists, according to figures from the Nicaraguan Institute of Tourism.

Panama to Need Another 24,000 Beds in Two Years

February 2009

In a conference held in Barcelona, the Vice-minister of Tourism indicated that Panama continues growing and needs to expand its hotel offerings.

In the conference, "Why Panama? - Keys to Investing in the Tourism and Hotelier Sector of a Growing Country," Vice-minister of Tourism, Carl-Fredrik Nordström, emphasized the advantages of Panama as a tourist center and an investment destination.

Costa Rica Hotel offer joint packages

October 2008

Six hotel firms decided to join up and lower prices in order to prevent the financial crisis in the US to reduce their occupancy.

The Punta Islita, Lapa Ríos, Harmony, Arenas del Mar, El Silencio Lodge y Finca Rosa Blanca Hotels created joint packages to attract more tourists.

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