Panama Real Estate Blog

The Chamber of Commerce that reviews and provides projections of sales, originally projected at $700 million, has stated that the actual levels of sales that affect the retail trade sector, has exceeded this projection. According to the Chamber of Commerce a 15% increase in annual sales, and a 10% increase on the holiday season has [...]

Panama surpasses the 1,5 million tourist mark In a surprise ‘award ceremony’, a surprised Petitfrere Marc, from Boston, Massachusetts received recognition as the country’s 1,500,000th tourist for 2008. To add to the surprise Marc and his girlfriend, April Chestnut, received a fully paid week holiday supplied by the Panama Tourism Authority (ATP), in conjunction with [...]

The resident guides in El Valle de Anton, in the Cocle Province are calling on the Panamanian Tourism Institute (IPAT) to regulate the tourist guides in this area. The local guides, claiming that they have superior regional knowledge, have to compete with guides that are not from the area and do not add value to [...]

Panama’s tourism industry has been claimed as the number one industry in the country, with an increase by 24%. In turn the tourism authorities and developers have worked hard and continue to do so in developing this very lucrative market. There are over 104 new hotel developments, in progress, in Panama City alone. The tourism [...]

A record number of European tourists have visited Panama in the first nine months of 2008, an increase of 13,373 compared to the same period last year. A total of 71,154 were predominantly Spanish and Italians, followed by French and British tourists. Europeans represent a higher spending power, as well as a longer duration stay [...]

The doomsayers are always predicting the worst and waiting for the worst to happen, lets look at the facts about Panama’s tourism that have been highlighted in the media lately. The period of Januray through September have seen 1,1 million tourists coming to Panama, which represents an over 13% increase on the same period last [...]