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...
More than 5000 people are expected to fill Lima’s prime hotels in October 2015 for the annual meetings of the World Bank and the IMF. Between ministers of finance and central bank governors from 188 member countries, attendees consist of elite tourists with strong buying power and are expected to give commerce and services a significant boost...
Despite the ongoing global economic troubles, international tourist arrivals in Peru rose by 9.53% in 2012 to reach 2.85m. The industry expects these numbers to continue rising at a steady rate, forecasting the total to exceed 3m visitors by the end of 2013; from January to August 2013, 2.1m tourist arrivals were recorded, a 11.55% growth on the...
Covering two-thirds of Peru, the Amazon inspires travellers with its immense biodiversity and protected natural reserves, features that secured its inclusion among the New7Wonders of Nature in 2011. Such global distinction is a catalyst for tourism, and in this regard Peru is well placed to benefit. As such, Iquitos, the capital city of the...
Powerful mudslides in January of 2010 left more than 2500 tourists stranded in Aguas Calientes, the last village before reaching Machu Picchu. The event made international headlines and Peru’s crown jewel for tourism closed for several weeks while reconstruction efforts were carried out. However, these huaycos, as the mudslides are called...
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