An apartment building in Guatemala, an educational center in Panama and a tourist complex in Costa Rica, are part of the projects that are planned to be developed in the coming months in the region.
The interactive system "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private constructionprojects that are planned to be built soon.
Authorities estimate that during 2018 some $350 million will be invested in public and private works, and that the sector could generate approximately 23 thousand new jobs.
According to the Honduran Institute of Tourism, investments are expected such as the cruise dock in Roatán and the construction of a hotel in San Pedro Sula.
On May 25 and 26, a meeting of tourism companies from Central America will take place in Panama City, in which buyers from all over the world will take part.
The International Tourism Expo 2018 will be held at the ATLAPA Convention Center, in Panama City.
A highway in Panama, a tourist center in Costa Rica and a high rise residential complex in Guatemala, are some of the projects planned for the coming months in the region.
The interactive system "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are planned in the region.
The Honduran government will offer companies in the tourism sector loans with annual rates of 10% and terms of up to 20 years for the construction of hotels.
Authorities in the Hernandez administration announced that among the financial products that are already available in the Honduran Bank for Production and Housing (Banhprovi), are loans for small and medium-sized tourism companies for a maximum amount of $34 thousand, with a 10% annual rate, with terms of up to seven years for fixed assets, three years for working capital and a two-year grace period for fixed assets.
Businessmen from the Panamanian tourist sector welcome the arrival of Air China flights in March 2018, but consider it will be a challenge to attract a type of tourist that seems to prefer very different destinations than those offered by Central America.
In a region which for many years has specialized in serving North American tourists and more recently Europeans, preparing to provide the attention demanded by tourists from China will be a challenge, according to the Panamanian tourism entrepreneurs themselves.
In the past 12 months, 78 environmental impact studies were submitted to develop hotels, marinas, clubs and beach residences in Central American countries.
Data from the interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData:
Between August and September a new law could be approved that would grant exemptions and other incentives to investments in hotel infrastructure and other tourist activities.
The tourismincentives bill was presented by President Hernández to the National Congress, which expects to complete the approval process no later than September.If approved, the new law would grant various tax benefits and incentives to investors developing tourism projects.
A bill being prepared by the government proposes granting tax exemptions and other incentives on investments made in hotel infrastructure and other activities in the tourism sector.
Among the incentives included in the bill are a decrease in the payment of income tax, elimination of import taxes and"... charges on the sale of land for hotel construction."
Using the Pura Vida Wellness concept, Costa Rica intends to take advantage of a global market valued at $563 billion, with tourists whose average spending exceeds 130% of global average tourist spending.
The aim of the Costa Rican Institute is to develop this segment, which has great market potential, in order to diversify and consolidate the country's tourism supply.Global wellness tourism grew by 11% between 2013 and 2015, according to data from Global Wellness Tourism Economy.
Apartment towers in Costa Rica and Panama, and oil well drilling and related works in Guatemala, are some of the construction projects planned for the coming months in the region.
CentralAmericaData's information system "Construction Projects in Central America", compiled by the Business Intelligence Unit, provides an up to date list of public and private constructionprojects for which environmental impact assessments (EIAs) were submitted to the respective institutions in each country in March 2017.
From June 19 to 23 companies working in convention tourism will be meeting in Antigua with international buyers and suppliers in order to develop business opportunities.
From a statement issued by the Costa Rican Tourism Institute:
Guatemala January 26, 2017.The Guatemalan Tourism Institute, INGUAT together with the Convention Bureau of Guatemala, announced that the City of Antigua Guatemala will host the Latin America Meetings and Incentives Travel Exchange, Lamite, from June 19 to 23.
From October 6 to 8 San Salvador will be hosting a regional tourism promotion fair, in which it is expected that 80 wholesalers from Europe, the US and South America will take part.
The eleventh edition of the event will be organized by the Ministry of Tourism of El Salvador and the Federation of Chambers of Tourism of Central America.
On June 21 and 22 local and foreign tourist companies will be meeting to discuss issues such as using technology as a tool for promotion and hearing about successful experiences from other countries.
From a statement issued by the Tourism Authority of Panama:
The Tourism Authority of Panama (ATP) and the Panamanian Chamber of Tourism (CAMTUR) will be holding from June 21 to 22 the first National Tourism Convention "Juntos por Panama" (CONATUR), to establish a strategy with all stakeholders in the sector, which will strengthen the country's tourism supply.
Participating for the first time are Nicaragua and the United Arab Emirates as exhibitors, and buyers will be coming from Germany, Argentina, Bolivia, Costa Rica, Italy, Colombia and Sweden, and other places.
From a statement issued by the Chamber of Commerce, Industries and Agriculture (CCIAP):
International Tourism Expo, in its seventh version, will feature more than 150 exhibition booths, which will be displaying to national and international companies, working in different areas of tourism, in 3,000 m2 of the Atlapa Convention Center in the exhibition which will be held on Friday 27 and Saturday 28 May.
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