español$115 million invested in Panama hotel sectorTuesday, December 23, 2008 The high demand by visitors to the capital city has caused more and new hotels to be built and for the number of rooms available to be expanded. Hotels under construction include the Riu, the Megapolys, the Los Faros and the Le Méridien, which should start to function between 2009 and 2011. Panama: Tourists spent $677.2 million during the first semesterThursday, August 21, 2008 During the first half of the year, tourists spent a combined total of $677,289,000 for an increase of 19.7% compared to the same period last year. There was a two digit increase every month. The most significant was in the month of May when tourist spending was $104,516,000 or 27.3% more than same month last year. Optimism from Panamanian Hoteliers Facing the CrisisWednesday, February 25, 2009 Jorge Loaiza, President of the Panamanian Association of Hotels, believes that the sector will not suffer much from the crisis. In an interview with La Estrella de Panama, the businessman shared his expectations about the economic crisis and his perspective on the state of the Panamanian tourist sector. Hard Rock Hotel in Panama by Year EndThursday, May 26, 2011 Panama will be the first country in Latin American to have a hotel by the U.S. chain Hard Rock International. With an investment exceeding $250 million, the hotel will have 1499 hotel rooms on its 66 floors. Panama: Mandatory Free Car ParkingThursday, September 18, 2014 The business sector claims that the bill regulating the use of parking lots in shopping malls and public offices goes against private enterprise and sends signals of legal uncertainty. The approval on its first reading of the amendment to Act 45 of 2007 which dictates measures on the rights of consumers related to the use of parking lots in shopping malls and public offices has been opposed by the private sector. Panama: Rio Hato Wants to Attract More TourismThursday, September 7, 2017 Creating a brand identity for the tourist area of Río Hato, attracting more airlines and carrying out joint promotional efforts is what hoteliers in the area are proposing in order to encourage the arrival of tourists. Although the strip of beach in the Panamanian Pacific does not yet meet the international standards required to be considered a renowned tourist destination, the owners of hotel businesses in the area believe that the area's potential is interesting and could be further exploited. At the moment there are less than 5 thousand rooms and although there is the Scarlett Martinez airport, the only flights that arrive frequently are charter flights. 10 Thousand Jobs in HotelsTuesday, November 24, 2009 In the next two years, Panama will inaugurate 6.000 new hotel rooms, 80% of them located in the capital city. An article by Kerem Perez in Martesfinanciero.com remarks that "Currently there are 5.765 hotel rooms in Panama City alone, and around 2.000 will be opened in the next months (630 belong to Riu Hotel and 1.400 to Hotel Megápolis), in addition to a number of hotels announced previously, including 4 from the Hilton chain". Panama hotel supply still not enoughMonday, January 5, 2009 Despite an increase of 3.4% in 2008, hotels were unable to meet the demand for tourist accommodations. According to sigloxxi.com, "For the sub-administrator of the Panama Tourism Authority, Carl Fredrik Nordstrom, supply increased, but "it is never enough," bearing in mind the increase in tourists that are visiting the country. Panama: $25 million Investment SuspendedThursday, June 16, 2011 The Decameron hotel chain has suspended its investment in the area where the controversial Rio Hato airport will be built. The lack of information by the government on the characteristics of the airport works has led representatives from Decameron to halt the construction of a shopping center, two new apartment towers and villas. Panama: 39% Less Passengers on Charter FlightsTuesday, December 16, 2014 Increased air connectivity in the country is one of the factors explaining the reduction of passengers arriving in the country from aboard on charter flights, going from 136,000 in 2012 to 82,000 in 2013. According to the Tourism Authority of Panama (ATP) figures for this year are not yet available, but a similar decline is expected. The decrease in passengers traveling on charter flights is due to the supply of flights having incorporated more scheduled flights, which experienced a 4% increase in the number of passengers between January and October this year. Fines For Vacation Rentals in PanamaFriday, September 12, 2014 The campaign against property being rented out for tourism purposes establishes penalties with fines ranging from $5000 to $50,000 for those who promote and commit the crime. The Tourism Authority of Panama (ATP) has opened up a communication channel for businesses and individuals to report cases of houses rented to foreign tourists in the capital, in compliance with Law 80 prohibiting this activity. Pacific Hotel Boom in PanamaTuesday, December 6, 2011 The beaches of the province of Cocle have aroused the interest of investors, as well as domestic and foreign tourists. The construction of hotel projects such as Buenaventura, Breezes, Playa Blanca, and Decameron Royalton Luxury have contributed more than 2,500 rooms to the sector. 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. |
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Thursday, July 7, 2022 - last update: Monday, 5:34 pm
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