New hotels are popping up all over Panama as reported by the Tourism Authority.
In the first half the year the Tourism Authority of Panama granted 33 permits for the establishment of new hotels and 11 new licenses to travel agencies.
$102.8 million is the total amount invested in the first six months of the year in new hotels in the country, according to estimates by the Tourism Authority of Panama. “…Of the total … 10 will be located in the province of Chiriqui, nine in Panama and four in the province of Los Santos. The rest will be located between the provinces of Cocle, Herrera and Bocas del Toro. “
Prensa.com reports that “…The figure is higher than the total reported last year, when projections were for investment of $48 million in this category.”
The growth in hotel investment in areas far away from the capital is due to the granting, since late 2012, of incentives for tourism investment in the country.
Source: Prensa.com
Hi Tom, A very interesting article and I was wondering where exactly the new proposed hotels, particularly in Chiriqui Province, are to be located? This should be great for the province and at last, getting international flights into David.
I love reading your web site every week and find it very informative, and though we have never met (yet), we do have a mutual friend in Rene Bacil who is also our architect. We are currently 80% complete on building a casita in Playa Las Lajas where we will move into before building our beachfront new home.
Looking forward to making your aquaintance.
Chris Cheston