{"id":10057,"date":"2014-04-14T13:49:52","date_gmt":"2014-04-14T18:49:52","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=10057"},"modified":"2014-04-14T13:49:52","modified_gmt":"2014-04-14T18:49:52","slug":"is-the-war-against-vacation-rentals-lost","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/is-the-war-against-vacation-rentals-lost\/","title":{"rendered":"Is The War Against Vacation Rentals Lost?"},"content":{"rendered":"<p><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/04\/airbnb.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-10058\" title=\"airbnb\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/04\/airbnb.jpg\" alt=\"\" width=\"738\" height=\"659\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/04\/airbnb.jpg 738w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/04\/airbnb-300x267.jpg 300w\" sizes=\"auto, (max-width: 738px) 100vw, 738px\" \/><\/a><\/p>\n<p>Just Google up apartments for rent in Panama and see how many portals pop up.\u00a0 Airbnb shows up with 532 of them.\u00a0 As a hotelier you have got to want to cry foul and they often try to pressure government to regulate the business, without much success.<\/p>\n<p>The <span class=\"hlink\">trend<\/span> of renting out non-hotel accommodation for a few days is global, and it  will grow even more in the next 5 years, meaning that regulating it  will be a better solution than banning it.<\/p>\n<p class=\"description\">In the <span class=\"hlink\">Central America<\/span> region Panama is where the phenomenon of Holiday Rentals shows the  highest growth, despite a law prohibiting it. According to an article in  Prensa.com, the <span class=\"hlink\">Tourism<\/span> Authority of Panama (ATP) &#8220;&#8230; has imposed eleven fines of $55,000 for  renting out apartments to tourists for periods of less than 45 days.&#8221;<\/p>\n<p>Law 80 of November 8, 2012 in Article 21 reads: &#8220;any lease of less than  forty-five days in the district of Panama, by people who do not possess  public accommodation tourist permits (for buildings or residences) is  prohibited. This act will be sanctioned by the Tourism Authority of  Panama, with a fine of between five thousand dollars (B\/.5, 000.00) to  Fifty Thousand Dollars (B\/.50, 000.00), depending on the seriousness of  the offense and \/ or repetition of such act, by the lessor. Also subject  to these penalties are people who by any means, including electronic  ones, advertise these services. &#8221;<\/p>\n<p>It is clear that activity damages the formal <span class=\"hlink\">hotel<\/span> sector, where entities must bear all the costs of exercising a formal  trade and paying taxes, against a totally casual competitor.<\/p>\n<p>In Europe, where in Spain alone holiday rentals generate $4 billion a  year-the problem is confronted in various ways, ranging from a draconian  ban in the Panamanian style, to its formalization by regulation and  taxation. The main argument of those who oppose the ban is that the  phenomenon will occur anyhow as holiday rentals are increasingly in  demand by tourists, and therefore the best option is to regulate it.<\/p>\n<p class=\"link_source\">Source: Hosteltur.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just Google up apartments for rent in Panama and see how many portals pop up.\u00a0 Airbnb shows up<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-10057","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Is The War Against Vacation Rentals Lost? - Blog and Newsletter<\/title>\n<meta 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