In Guatemala, different works are being built in Puerto Quetzal in a total area of 120 hectares distributed in land and maritime area, with a time to execute the work for 12 months.
The interactive platform "Construction in Central America", from CentralAmericaData's Business Intelligence Unit, provides an updated list of public and private construction projects that have submitted environmental impact studies (EIA) to the respective institutions in each country.
The Cabinet Council approved several impact measures for the reactivation of the tourism sector and the economy, including the Master Plan for Sustainable Tourism 2020-2025.
The Master Plan for Sustainable Tourism (PMTS) 2020-2025 will focus on strengthening the institutional capacity of the ATP, investing in the country's tourism promotion, improving the tourism products offered by Panama and in infrastructure, maintenance and basic services.
The Board of Directors of the Costa Rican Tourism Institute agreed to suspend the schedules for the execution of works, to all the companies that have a development permit in the Polo Turistico Golfo de Papagayo.
The measure was taken by the authorities to mitigate the effects caused in the tourism industry by the Covid-19 pandemic, informed representatives of the program that is administered by the Costa Rican Tourism Institute (ICT).
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.
CIFI and BID Invest authorized a loan for West Report S.A. to develop, build and operate a hotel complex in Bocas del Toro.
The newhotel, which will have 118 rooms, several restaurants, a spa and other meeting places for its guests, will be operated under the brand name Viceroy Hotels and Resorts, reported CIFI.
In Panama, a bill was approved that will grant tax exemptions until 2025 to those who make investments in hotels and recreational activities.
On December 31st, President Cortizo sanctioned the bill that provides tax incentives to the tourism sector by modifying some of Law 80 of November 8th, 2012.
Through a strategy that will be implemented in the coming years, the authorities seek to position the country as a gastronomic destination by 2026.
According to the National Gastronomic Tourism Strategy for the period from 2019 to 2025, to be implemented by the Guatemalan Institute of Tourism (INGUAT), the country will work in four axes.
The Salvadoran Corporation of Tourism tenders the works of supervision and improvements of the physical facilities of the tourist complex of the Port La Libertad.
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.
The Canyon Group plans to invest more than $200 million in the construction of its first resort in Central America, which will be on the Papagayo Peninsula in Guanacaste, Costa Rica.
Without specifying the start date of construction of the new resort, which will be part of the brand of hotels "Six Senses", the developers of the project reported that the hotel is expected to be ready in mid 2021.
The reported drop in investment in the tourism sector explains part of the 22% drop recorded in Foreign Direct Investment between 2017 and 2018 in Costa Rica.
Figures from the Central Bank of Costa Rica (BCCR) detail that between 2017 and 2018 the flow that reached the country fell by $608 million, from $2,742 million to $2,134 million, equivalent to a decrease of 22%.
Because of the delay of the Costa Rican authorities to solve the problem of water supply in the Gulf of Papagayo, developers request that the terms of the concessions granted to them to develop tourism projects in the area be extended.
The Instituto Costarricense de Turismo (ICT) has already received requests for concessions to be extended, because some of the projects that have not been completed have already consumed half of the time they were granted.
On a 21-hectare site in Sardinal, Guanacaste, a tourist complex consisting of a hotel and private residences is planned.
ML CR Continental LLC presented the Environmental Impact Study (EIA) to develop the project called "Hotel and Villas Cala del Sol", which will be made up of three hotel villas and seven private residence villas.
In the coming months, it is planned to build in Alajuela, Costa Rica, a real estate complex consisting of a hotel, an office building and a commercial area.
Inversiones Andino S.A. presented the Environmental Impact Study (EIA) to develop the project called "City Towers Alajuela", which will have a construction area of 26 thousand square meters.
On a 360-hectare property in the district of Chirú, in the province of Coclé, the project plans to begin building the basic infrastructure for the subsequent development of a tourism project.
According to the interactive information system "Construction in Central America" by CentralAmericaData, Desarrollo Turístico Solmar, S.A. presented the Environmental Impact Study to the Panamanian authorities of the project called "Development of Basic Infrastructure for Solmar Tourism Project."
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