Panama Tourism

Buoyed by increasing connectivity and promotional efforts at the international level, Panama’s meetings, incentives, conventions and exhibitions (MICE) segment has seen stable growth in the past few years. Panama forms a key part of the MICE market in the Central American region, and the short-term outlook for the segment is promising. Expansion of MICE infrastructure,...

The economic development Panama has experienced over the past decade has had a lasting impact on the tourism sector. Buoyed by expanded connectivity and increasing investment in hotels and convention centres, the sector has experienced unprecedented growth in the past few years. Today, it is a pillar of Panama’s economic development, generating more revenues than transit...

Although Panama is only slightly larger than Ireland, it is home to an abundance of biodiversity that has helped support the nascent ecotourism industry. Indeed, ranked 118th globally in terms of geographic area, Panama punched well above its weight in the World Economic Forum’s “Travel and Tourism Competitiveness Report 2013”, ranking 11th in...

The stable economic and political progress that followed the country’s return to democracy in 1989 has had a lasting impact on the development of the tourism sector. After planting the seeds of growth throughout the 1990s, the tourism sector has experienced rapid development in the first decade of the new millennium alongside broader economic...

Coupled with a supportive investment incentive framework, Panama’s innate strengths in the tourism industry have made it a natural destination for investment, both foreign and domestic. While in recent years much of that investment has been channelled into Panama City and its growing cadastre of three-, four- and five-star hotels, funds are now...