Panama Wants to Attract Corporate TourismTuesday, June 7, 2011 Corporations spend between $3 and $5 billion in travel as an incentive to its best employees. In the last five years corporate travel tourism, also known as "incentive tourism" has grown at a rate of 10% per year. Panama: Promotes "Wedding Tourism"Thursday, September 22, 2011 A bill aims to relax the requirements and procedures required of foreigners who wish to marry in the country. The new rule, if approved, would allow couples to get married after presenting medical examinations from their country of origin, along with a notarized document certifying that they are single and bank references. Panama: Conventions Center Project Moves ForwardMonday, September 21, 2009 Skidmore, Owings & Merrill LLP (SOM) is working on the project's sketch, which will be the basis for the public bidding process. The new conventions center is expected to be operating in 2013, with an exhibit area of 15.000 square meters. Small Hotels in Panama CityThursday, June 30, 2011 About $40 million is being invested in hotel projects with less than 45 beds. These type of accommodation centers are beginning to be developed in Chiriqui, Colon, Los Santos and Bocas del Toro, keeping pace with the growth in the number of tourists arriving in Panama, which up to May this year recorded a 12% increase compared to same period last year. Fall in Cruise Tourism in PanamaThursday, January 10, 2013 Cruise tourist arrivals declined 28.1% in 2012 compared to 2011, totalling only 235,792. In the opinion of Fidel Reyes, Director of Panamanian company FR Consulting, the situation was influenced by strikes in the province of Colon on the Atlantic. New Tourist Destinations in PanamaWednesday, November 2, 2011 New destinations in Los Santos province, the town of Chitré and in the district of Pedasí have awoken interest among tourists. Panama City is no longer the only tourist destination for international visitors to the country. More and more locations are becoming popular in other regions of the country, which add to traditional attractions such as Bocas del Toro and Chiriquí. Europeans Prefer PanamaThursday, November 17, 2011 The Lufthansa City Center group of agencies has chosen the country as the tourist destination of the year. Despite the economic crisis on the old continent, Europeans are still traveling, and Panama has become one of the favorite destinations for those who choose to vacation farther afield. Tourism Continues to Grow in PanamaThursday, September 29, 2011 Between January and July the flow of tourists arriving in the country grew by 11% compared to the same period in 2010. Germany, Argentina, Brazil and Venezuela are among the countries from which the largest number of tourists entered Panama in the first seven months of the year. Non-Stop Flights Linking Tocumen with Bocas del ToroWednesday, July 21, 2010 The Panamanian Tourism Authority (ATP) is negotiating direct flights to Bocas del Toro and David with airlines operating at Tocumen airport. “The idea is to enable charter flights (which operate without pre-established schedules) from any city or country to land at Tocument International Airport and immediately board another plane to the airports of David and Bocas del Toro”, explained ATP advisor Ernesto Orillac. Panama and Colombia United in TourismTuesday, October 19, 2010 Tourism officials discussed offering both countries as a multi-destination. Both tourism authorities and companies are realizing the benefits of this approach. Panama's Tourism Promotion StrategyWednesday, December 8, 2010 Insights into the country's strategy for promoting itself as a touristic destination and for improving its tourism infrastructure and services. Although the major tourist markets for Panama are still Latin America and the United States, for 2011 the National Tourism Authority has decided to focus promotional efforts in Europe. A New Airport for Bocas del ToroThursday, January 5, 2017 Aeronáutica Civil has announced a plan to build, starting from 2018, a new air terminal for one of the main tourist destinations in Panama. The proposal comes a year after a $3.3 million tender to renovate the runway of the current airport was declared void. On several occasions entrepreneurs and tour operators have complained about the poor state of the infrastructure at the terminal. Tourism Growth Slows Down in PanamaThursday, May 22, 2014 The effects are being felt from the pressures of regional competition where there are new low-cost flights to Costa Rica and declining hotel rates in Mexico, combined with a decreased performance of international promotional campaigns. In the first quarter of the year the number of tourists increased by 2.5%, the smallest increase reported in the last four years. Request for Resumption of Marketing Convention in PanamaWednesday, July 9, 2014 Tourism companies propose to boost the capabilities of the Destination Marketing Organization bureau and turn it into a public-private entity separate from the ATP. Tourism entrepreneurs are asking the new government to revive the campaign to promote the country as a destination for convention tourism and expedite the negotiation of agreements with foreign airlines in order to increase the flow of tourists and improve the hotel occupancy rate, which is currently 59%, due to an oversupply of rooms. Tourist in-flow increases but Hotel Occupancy FallsFriday, July 18, 2014 In Panama the increase in room supply has caused a price war between hotels trying to attract travelers and increase the occupancy rate which on average is not more than 60%. Hotel occupancy in the country has been declining since 2011, when it stood at 68.6% dropping to 59.3% within the sector this year, according to figures from the Tourism Authority of Panama (ATP). |
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