Panama: Last phase of Tourism Master PlanThursday, August 14, 2008 The document prepared by the Spanish consulting firm which won the contract, Tourism and Leisure, will arrive in Panama one month earlier than expected The document will be analyzed by the Master Plan Follow-up Committee and presented to the World Tourism Organization, which collaborated in the design of the program. Panama: Sherman Land For SaleTuesday, December 18, 2012 The government has not received any proposals from a single buyer, so the 144 acres of the former military base will be split up for sale separately. The subdivisions of Sherman will be available to buyers for the tourism development, in which, according to a study by C4T, investments could be made of up to $180 million. Problems Continue Over Hotel Trump Ocean Club PanamaWednesday, March 21, 2012 Investors are threatening a lawsuit against Newland Properties, the owner company, for an alleged breach of bond principal payments in November. The owners of Hotel Trump Ocean could face legal action from Gary Lundgren, owner of 15% of the bonds that were used as financing for the construction of the building, for an alleged breach by failing to pay the agreed capital in November 2011. Panama: $2.9 Billion in Tourism Investment over Five YearsTuesday, April 12, 2011 Tourism has become one of the pillars of Panama's economy with potential for annual growth of between 12% and 15% per year, equivalent to income of $2-3 billion. As of last year there were 19,688 vacation rooms in Panama, 1,713 more than in 2009 and it is estimated that the number will continue to rise. The increase in tourism infrastructure has been matched by increasing numbers of travelers. Nicaraguan Tourist Arrivals up 8%Monday, July 7, 2014 In the first five months of the year the country received 42,000 more tourists than in the same period in 2013. Confirming the upward trend in the flow of tourists coming to Nicaragua, in the first five months of the year alone 545,174 tourists visited, 8.3% more than in the same period in 2013, when the figure was 503,077. Tourism in Costa Rica: "You Snooze, You Lose ..."Thursday, January 8, 2015 Although it is facing 2015 with optimism, Costa Rica knows that it is facing strong growth in competition from regional neighbors as a tourist destination. Costa Rica has begun to lose its comparative advantage which it has held for many years over the rest of the region in attracting tourists. The strong competition from destinations such as Nicaragua and Panama is now creating some difficulties for the tourism industry, in whose view the country is not investing enough in promotion compared to its competitors. Nicaragua: Tourism Up 10%Monday, August 25, 2014 In the first half of the year $218 million came into the country, 10.3% more than the $197.5 million generated in the same period in 2013. Details from the Nicaraguan Institute of Tourism (Intur) show that "... Between January and June Nicaragua received 650,008 foreign visitors, representing a growth of 7.1% compared to the same period in 2013, when the country received 607.155 tourists. " Tourism in Nicaragua: Optimism Grows for 2018Thursday, March 1, 2018 After the year 2017 provided the sector with income of $840 million, 31% more than in 2016, the union has carried out a new review and plans to generate up to $900 million this year. At the beginning of the year the union of tourism entrepreneurs established its projections at $830 million for 2018, however, after seeing the official figures that revealed that the sector generated revenues of $840 million in 2017, the new figure expected for this year has been raised to $900 million. Tourism Fair in Nicaragua PostponedMonday, May 14, 2018 Due to the crisis affecting the country, the union of tourist businesses has postponed the international tourism fair until September, having initially scheduled it for June 8 and 9. In this event, business appointments and round tables are held between Nicaraguan tourism companies and wholesale buyers from Central America and other parts of the world. The president of the National Chamber of Tourism (Canatur), Lucy Valenti, explained that they decided to change the date and hold the fair in September. Tourist arrivals still decliningThursday, October 11, 2018 In accordance with what was reported during 2018, in the first seven months of the year Panama received 1.48 million tourists, 2% of those reported in the same period of 2017. According to the latest figures from the General Comptroller, between January and July 2017 and the same period of this year, the number of visitors with tourist purposes who arrived in the country fell from one million 504 thousand to one million 475 thousand. Crisis Overwhelms TourismFriday, September 21, 2018 The union has reported that five months after the outbreak of the social and political crisis in Nicaragua, the country has lost about 68,000 of the 120,000 jobs generated by the sector. The National Chamber of Tourism (Canatur) presented a report highlighting the impact of the country's social and political crisis on the tourism sector. Nicaragua: More Hotels in GranadaThursday, January 29, 2015 At the end of 2014 110 hotels were operating in the main tourist city of Nicaragua, where three new establishments plan to open to the public during the year. Tax incentives granted by the Nicaraguan government have allowed employers in the hotel sector to increase their investment in Granada, which in 2014 received 521,000 tourists, according to figures from the Nicaraguan Institute of Tourism. Law on Convention Tourism in NicaraguaFriday, October 24, 2014 A bill being discussed in the National Assembly aims to promote the development of business tourism in the country. Although business tourism is one of the fastest growing segments, not all sectors agree with this bill, because, for some, "... the country still does not have sufficient infrastructure to host these events." How to Attract More Tourists to PanamaTuesday, May 16, 2017 Private companies and the municipality of Panama City are developing a plan to offer tourist activities in the capital to passengers who are in transit through Tocumen airport. While tourism and hotel operators are still looking for alternatives to improve the sector's sluggish figures, the municipality of Panama intends to develop a plan that encourages passengers who are waiting for connections at Tocumen airport to go out and visit some tourist attractions in the city. Routes related to religious tourism, others focused on the history of Panamanian athletes who are famous worldwide and thematic shows that show how life was during different periods of Panamanian history, are some of the ideas that have been suggested so far. Nicaragua: Numbers of the Tourism Sector in 2016Thursday, May 18, 2017 Last year 62,500 people arrived in the country aboard cruise ships, registering a 35% growth compared with the previous year. Figures from the Nicaraguan Tourism Institute's Statistics Bulletin for 2016 reveal an increase in the number of tourists who arrived in the country aboard cruise ships, as well as other data relevant to the tourism sector. |
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