El Salvador is starting a housing development between subdivisions, residences and apartments, as well as commercial construction with hotels with different capacities and amenities.
CentralAmericaData's Commercial section provides an up-to-date list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country.
A tourist hotel will be built in Panama with 396 units under the Apart-hotel modality, with living room, dining room, kitchen, two bedrooms, bathrooms, laundry and balcony, distributed in seven buildings with different levels.
CentralAmericaData's Commercial section provides an up-to-date list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country.
Mobility analysis and geomarketing techniques have become key factors in the real estate investment process.
In the process of searching and selecting areas for the acquisition of a property for real estate development, investors focus on finding those with the highest expected return on investment. This process, which until now was done using traditional financial and feasibility studies, has now become incredibly simple with mobility analytics and location intelligence based on Big Data.
The horizontal residential, commercial and tourist condominium to be developed in Guanacaste, with different amenities and housing units.
CentralAmericaData provides an updated list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country.
With Big Data management techniques, companies can optimize their strategic business planning, by taking advantage of market and companies' data.
Big data has emerged as a powerful tool that organizations can use to leverage data-driven decision making for better strategic planning, determine which market niches of their products, are growing or shrinking, obtain traffic data of their stores or website, determining where they come from, what kind of devices they use, dwell time, and foot traffic patterns to help analyze which promotions and efforts are successfully driving their business.
A multi-purpose project is to be built in Costa Rica that will include a hotel, commercial premises, offices and apartments.
The interactive platform "Construction in Central America", from the Trade Intelligence Unit of CentralAmericaData, includes an updated list of public and private construction projects that have submitted environmental impact studies (EIA) to the respective institutions in each country.
Whether it is a restaurant, a coffee shop, a hotel, a supermarket, or an auto parts store, location is, if not the most important, one of the most decisive factors in determining the success or failure of a business.
Real estate companies, restaurants and retail chains know better than anyone how valuable and decisive it is for the success of a business to find the best location. Technology, together with the new Big Data analysis methodologies, now allow to simplify part of this complex process of location selection, analyzing in detail the pedestrian flow in each location.
As a result of the sanitary crisis caused by the covid-19 outbreak, hotel occupancy in Panama has fallen to historic levels and business income has gone up in smoke, a situation that is forcing hotels to look for options to renegotiate their debts.
It is estimated that in this context of economic crisis, Panamanian hotels owe $630 million to financial institutions.
In Panama, there are plans to develop in Bocas del Toro, Chiriqui, Archipelago de las Perlas and Punta Chame, five lodging projects that seek to benefit from the Law on Incentives for Tourist Investments.
Law 122 of December 31, 2019, which dictates incentive rules for the promotion of tourist activities in the interior of the Republic, attracted projects for the country, for a total value of $371,843,971 in new tourist investments, to be built in areas with great tourist potential, informed the Presidency of Panama.
The international chain began to operate in the Santa Ana district of the country's capital a hotel that has 143 rooms and halls for social events.
The new Hilton Garden Inn Santa Ana, will focus on attracting clients from the international and local corporate sector, since the meeting rooms are equipped with the most advanced technology to hold meetings, trainings, seminars, among other activities.
Due to Costa Rica's estimated average hotel occupancy rate of 52% by 2020, well below the 95% recorded at the end of 2019, businessmen in the sector expect that in this context of crisis there will be no peak seasons next year.
The tourism sector is one of the hardest hit by the economic crisis generated by the outbreak of covid-19, because mobility restrictions, the closure of air terminals and the fear of tourists to be infected, have influenced the drastic fall in tourism activity.
Although most activities in the country reopened at the end of August, hotel occupancy levels are still low and business people fear they will be forced to cut more jobs or close operations.
Following the reactivation of air transportation and the easing of restrictions on foreign visitors, the Marriott chain announced the reopening of four hotels operating in the country and the Four Seasons will also reopen its resort in Guanacaste.
The year 2020 has been a complex one for the tourism sector in general, since due to the outbreak of covid-19 since March the hotels began a period in which they did not receive income.
As of November 1st, meeting centers and event halls, including hotels, will be able to accommodate business and academic activities for up to 150 people.
In addition, in the specific case of social activities such as tea baskets or weddings, the maximum allowed capacity will be 30 people, also without the inclusion of those in charge of attending the event, reported the Costa Rican Tourism Institute.
As part of the process of economic reactivation, starting October 12, Panama will be allowed to reopen swimming pools, cinemas, theaters, museums, galleries, hotels, casinos and tourist sites with closed structures, at 50% of their capacity.
The National Government issued Executive Decree No. 1142 of October 7, 2020 in the Official Gazette, which authorizes the reactivation, operation and mobilization of people in hotels, motels, rural hostels, lodging sites and complementary services, details an official statement.
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