A mixed-use building in Panama, a residential tower in Guatemala and a farm for growing seafood are part of the investments announced in Central America for the beginning of the year.
The interactive system "Construction in Central America", from the Trade Intelligence Unit of CentralAmericaData, includes an up-to-date list of public and private construction projects to be developed in the coming months.
The group formed by Garnier & Garnier Desarrollos and Enjoy Group acquired 100% of the shares of Hotel Punta Islita, which is located in Guanacaste and was previously owned by Grupo Islita.
The companies participating in the transaction informed through a statement dated November 1, that after the sale of the hotel, the enclosure will undergo a process of improvement and expansion.
Between the first half of 2018 and the same period in 2019, the number of hotel rooms in the country grew 4%, and occupancy rose from 62.9% to 63.4%.
Official figures specify that between January and June last year and the first half of 2019, in the hotel sector the number of establishments went from 3,315 to 3,524, and in the case of the number of rooms went from 55,735 to 58,024.
For the end of 2019, is scheduled the inauguration of Oceana Resort, a hotel complex that will offer 200 rooms and is located on the beach of Iztapa, department of Escuintla.
Oceana Resort + Conventions will be a hotel that will have a total of 22 thousand square meters of construction and will operate under the format of "all-inclusive". The building is located at kilometer 6 of the road from Iztapa to Monterrico.
Between the first half of 2018 and the same period in 2019, the number of people employed by hotels and wholesale businesses in Panama grew by 2% and 0.5%, respectively.
The Quarterly Economic Survey (EET), elaborated by the General Comptroller of the Republic, specifies that in terms of the economic activities of Manufacturing Industries, the variation for the periods in question was -2.4%, Retail Trade of -3.3% and Some Services of -3.3%.
In the last decade, the number of hotel rooms in Costa Rica has increased at a 4% average annual rate, and in 2018 Guanacaste was the area that concentrated a quarter of the hotel offer, monopolizing about 26% of the total.
Figures from the Costa Rican Tourism Institute (ICT) detail that between 2008 and 2018 the number of rooms dedicated to lodging increased by 15,474, from 41,759 to 57,233.
A hydroelectric plant in Guatemala, a hotel in Panama and the expansion of an industrial plant in Costa Rica are part of the investments planned for the coming months in the region.
The interactive system "Construction in Central America", from the Trade Intelligence Unit of CentralAmericaData, includes the updated list of public and private constructionprojects that are expected to be developed, which in just that month totaled close to $1,000 in projected investment.
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.
Although in the first semester the average number of occupied rooms in Panama City remained unchanged with respect to the same period in 2018, the figures are still far from what was recorded in the first six months of 2017.
According to the reports of the General Comptroller of the Republic in June the daily average of occupied rooms did not register significant changes with respect to the same month of the last year, product of growing from 4.488 to 4.490.
In Costa Rica, the bill to regulate the provision of tourist rental services in housing through digital platforms, which includes a 13% tax and would require suppliers to register, which would make this accommodation option more expensive.
The deputies approved in their first debate, file No. 20,865 Framework Law for the regulation of non-traditional hosting and its intermediation through digital platforms, reported the Assembly on August 28.
A complex consisting of a series of buildings that will house commercial premises, residences, hotel rooms and offices is planned to be built in the district of La Ribera, in the province of Heredia.
Belén Center Group S.A. presented to the National Environmental Technical Secretariat the Environmental Impact Study (EIA) to develop the project called "Cityzen."
During May of this year, hotels in Panama City reported an average daily occupancy of 4,293 rooms, 4% less than the same month in 2018.
The figures of the General Comptroller of the Republic detail that in May the daily average of occupied rooms registered a decrease with respect to the same month last year, product of decreasing from 4,479 to 4,293.
Vertical housing developments in Panama and Guatemala, and the development of a mixed-use project in Costa Rica, are part of the investments planned for the coming months in the region.
The interactive system "Construction in Central America", compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are expected to be built in the coming months.
From January to April of this year, hotels in Panama City reported an average daily occupancy of 4,933 rooms, just 1% more than the same period in 2018.
The latest report of the General Comptroller of the Republic, details that only in April the daily average of occupied rooms registered a 2% increase over the same month last year, growing from 4,630 to 4,691.
From January to March of this year, hotels in Panama City reported a daily average occupancy of 5,014 rooms, 2% more than that recorded in the same period in 2018.
The latest report of the General Comptroller of the Republic, details that only in March the daily average of occupied rooms registered an 8% increase over the same month last year, growing from 4,644 to 5,017.
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