Buoyed by expanded connectivity and increasing investment, Panama’s tourism sector has experienced unprecedented growth in the past few years. Today, it is a pillar of economic development, generating more revenues than transit fees from the Panama Canal ($1.92bn) or the Colón Free Trade Zone ($1.9bn). According to the Tourism Authority of Panama, visitor numbers have grown every year since...
The Americas Tourism
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Despite slower GDP growth of 6.2% in 2014, according to the Ministry of Economy and Finance, Panama remains one of Latin America’s fastest growing economies, a trend set to continue in coming years with the IMF forecasting average annual growth of around 6.5% over the next five years.
Economic update | Expansión hotelera en Panamá produce caída en ocupación de habitaciones
9 Jun 2015
La industria del turismo en Panamá ha tenido significativos avances en los últimos años, y hoy el país es uno de los principales destinos turísticos en América Latina.
Within Trinidad and Tobago’s diverse tourism industry, the annual carnival is frequently cited as the jewel in the crown. Certainly, in cultural terms it is central to Trinbagonian identity. But whether the country is making the best of Carnival from an economic point of view is open to debate.
Interviews & Viewpoints | María del Carmen de Reparaz, Vice-Minister of Tourism: Interview from The Report: Peru 2015
What infrastructure segments most need upgrading to enhance the tourism sector’s potential?
Articles & Analysis | With a series of large events on the horizon, efforts are under way to expand MICE infrastructure from The Report: Peru 2015
Though still relatively small, Peru’s meetings, incentives, conventions and events (MICE) segment has grown at a stable pace in recent years. According to estimates by the National Chamber of Tourism (Cámara Nacional de Turismo, CANATUR), revenues generated by the segment are expected to reach $300m by end 2014. A series of events scheduled for upcoming years is set to...