Tourist Spending in Panama Up 10%

Although the rate of increase of Panamanian tourism dropped to 3.7%, the level of what each visitor spends during their stay has risen sharply.

Tuesday, August 27, 2013

During the first seven months of 2013 the country received 1.3 million tourists, who spent a total of $1.43 billion, up 10.4% compared to the same period in 2012.

In the same period the previous year $1.301 billion in tourist spending was reported, in other words this year $136 million more was received. Data from the Tourism Authority of Panama (ATP) shows that in July alone 163,353 tourists entered the country.

The majority of visitors entered through Tocumen International Airport (890,605 people) where activity increased by 2.1%, followed by 3.1% at Paso Canoas and cruise ports with 3.1%.

Panamaamerica.com.pa reports: "However, in the period from January to July 2013, hotels in Panama City showed overall occupancy of 58.5%, showing a decrease of 2% compared to 2012. Regarding this, the ATP reported that the reductions are due to the increased hotel supply that exists in the country. "



More on this topic

Increase in Tourists But Drop in Hotel Occupancy

August 2013

In Panama the continued increase in the number of hotel rooms exceeds the rate of increase of travelers.

During the first half of 2013 the country received 1.1 million tourists, 42,500 more than in the same period of 2012.

Despite the increase in the number of visitors, hotel occupancy levels in the capital fell.

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%.

Tourist Spending in Panama Increases

November 2011

In the first nine months of the year an increase of 13.9% was reported in daily spending compared to the same period in 2010.

During the aforementioned period, spending by visitors amounted to $1,397 million, $170 million more than in 2010.

"Although projections by the Panama Tourism Authority indicate that in 2011 the country will surpass the barrier of two million tourists, some business connected with the activity believe that this figure will not be reached.

Panama: Record Tourist Numbers

August 2011

In the first half of the year tourists arrivals to the country nearly doubled compared to the same period in 2010.

Expenditure by the approximately 1.2 million visitors was $908.8 million, a 10.3% increase compared to last year.

An article on PAdigital.com.pa’s website reports, "Solomon Shamah, the Minister of Tourism Authority (PTA), said he was pleased with the figures and predicted that they could reach the sum of 2 million tourists by December.

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