Just this year over 600 rooms have joined the market with the openings of various hotels like the Trump, Victoria and Hilton Doubletree.
Hotel industry projections indicated that in October there would be an increase of 4% as a result of the climate change convention held in the capital city that month, but the occupancy rate reached 62.3% while in same month of 2010 it was 68.4%.
"For next year, the Panamanian Association of Hotels (Apatel) estimates that hotel occupancy will fall to 50%, with reference to the number of rooms that are entering the market versus the number of tourists entering the country.
Although up to October tourist arrivals increased by 11%, the occupancy rate has not registered the same upward behavior", reported Prensa.com
Source: Prensa.com
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August 2011
Hotel occupancy in Panama has dropped by two percentage points in the first months of the year, and it is estimated that by 2012 the occupancy rate will fall to 38%.
In the race for growth between the number of tourists arriving in Panama, and the supply of available beds, the latter is winning, and it is estimated that it wont be until 2016 that the current occupancy rates are achieved again.
July 2008
Hotels in Panama City continue to show a high occupation rate.
During the first four months of the year the hotel occupation rate was 66.5 percent, and rises to 78.7 percent for hotels with more than 100 room or special services, according to the statistics department of the Panamanian Tourist Institute.
April 2011
If growth in the number of tourists doesn’t reach 25% per year, hotel occupancy will fall from the 74% seen in the first quarter of 2001, to just 50% over the coming years.
Panama is growing and so are the number of hotels, which in 2012 will be offering over 27 thousand rooms.
January 2012
Tourist activity for the start of the season and end of year 2011 recorded a 70.6% average hotel occupancy according to the results of a survey conducted by the National Chamber of Tourism.
A press release from the National Chamber of Tourism (Canatur) reads:
Tourist activity for the start of the season and end of year 2011 recorded a 70.6% average hotel occupancy according to the results of the survey conducted by the National Chamber of Tourism (CANATUR).
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