The Panama Tourism Institute (Ipat) received 56 new hotel projects between August 27 and 30.
According to a report from Ipat to which La Prensa had access, these hotels will generate 8,207 jobs and create 5,938 rooms. If these new projects are added to those that are already in process or those that have not yet been registered at the National Registry, the Panama Tourism Authority has a portfolio of 104 projects which is equal to an investment of $3.63 billion that will generate 16,039 jobs and 22,227 rooms.
Law #8 promotes tourism activities in the country by offering tax relief on imports, real estate and capital investments, to name a few.
A report by the Panama Tourism Institute (IPAT) reveals that 12 investment projects totaling $92.5 million have been approved.
This will be the last year in which capital investment projects can benefit from Law 8, a measure designed to foster investment in the country's interior, Carl-Fredrik Nordström, Assistant Manager of IPAT, pointed out.
Panama is promoting itself as a destination for "incentive tourism" that companies offer to their executives, employees and clients.
The Panamanian Tourism Institute (Ipat) believes that Panama and its coasts have much to offer in terms of incentive tourism, a growing sector of the international tourism industry.
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