Threats to "Traditional" tourism

Given the growing use of its vacation rental platform in Panama, Airbnb plans to offer other services such as ticket purchase, tours and paperwork management for tourists.

Monday, March 25, 2019

Airbnb executives reported that between 2017 and 2018, the number of visitors who demanded their services increased by 65%. This situation contrasts with the decrease in hotel occupancy registered in recent years in Panama.

According to figures from the General Comptroller of the Republic, during 2018 hotels in Panama City reported a daily average occupancy of 4,602 rooms, 7% less than that recorded in 2017.

See "Panama: Hotel Occupancy Down 7%"

Carlos Muñoz, Airbnb's campaign, public policy and communications manager for the Caribbean and Central America, explained to Martesfinanciero.com that "... as in other destinations, the company seeks to encourage people linked to it to offer on the platform proposed services such as tours or special tours of a culinary, photographic, dance, cultural, sports and theatrical nature. In Panama City, for example, it has hosts who offer photographic tours, salsa classes or visits to the terraces of the Old Town."

Also see "New Attempt to Regulate Airbnb"

Muñoz added that "... the future of Airbnb is to become a platform where users can make all the arrangements for their trip. From planning, buying tickets, finding and booking accommodations, tours and living the whole experience."

Currently the accommodation platform offers in the country 5,300 hosting sites.

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More on this topic

Airbnb Seeks Space in Panama City

November 2019

Because the legislation currently does not allow the collaborative hosting economy platform to operate in the country's capital, the company expressed an interest in working with the authorities to remove the ban.

For now, the platform only offers the public accommodation in the interior of the country, the most popular destinations being Bocas del Toro, Río Hato, Boquete, Chiriquí and Playa Gorgona.

Vacation Rentals: New Law Projected to Decline

September 2019

With the legal framework approved in Costa Rica, which regulates the provision of tourist rental services in housing through digital platforms, Airbnb executives anticipate a considerable drop in the number of hosts in the country.

On September 5, the Legislative Assembly reported that file 20865, the framework law for the regulation of non-traditional hosting and its intermediation through digital platforms, was approved for the second debate.

Rental Properties in Nicaragua

January 2017

Already more than 1000 homes are available to rent through the web platform Airbnb, and most of them are centered around the Pacific coast.

The increasing supply of houses and apartments available for short stays is forcing hotels to change their methods of attracting guests in order to survive. In the case of Nicaragua, where the hotel supply is relatively nascent and not as developed as in other neighboring markets, the efforts that businesses in the tourism sector have to make to compete with Airbnb is even greater.

Hotels are Losing War On Holiday Rentals

October 2016

In Costa Rica the total amount of accommodation available for rent through the web platform Airbnb is now equivalent to 18% of the hotels in the country.

The figure has been confirmed by the union of hoteliers, who say there is now a total of 11,000 homes offering accommodation for tourism through Airbnb. On top of this data there are also residences rented to tourists through other platforms such as Homeaway or VRBO.

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