Tourist growth in Panama defies economic trends

Panama continues to grow as a tourist destination despite the economic slowdown in Europe and elsewhere.

Friday, July 11, 2008

July and August are the biggest months for tourist travel from Europe. This year, summer vacation spots face an economic slowdown, especially in Spain, which is the biggest source of tourists for Panama and Central America.
Cutbacks in consumption, increased unemployment, and higher prices all suggest a fall in the number of European arrivals in Panama.
However Cristina González Trujillos, a representative for Mexico and Central America for Spain-based Viva Tours, says, "We are happy with the level of demand for Panama. It has gone up by 45 percent compared with last summer and it's still not over."

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