Selected by the current government as a pillar for growth, the tourism sector contributes more than 8% to national GDP and is the fourth-most-important source of foreign currency. With the exception of 2009, tourist arrivals have increased steadily from 22.9m in 2008 to 23.7m in 2013. Foreign exchange inflows generated by the sector also registered an increase of 8.5% in 2013, reaching a...
The Americas Tourism
Displaying 151 - 156 of 189
Chapter | Tourism & Entertainment from The Report: Mexico 2014
The second-largest economy in Latin America, Mexico seems poised to enter a new growth phase as the government of Enrique Peña Nieto implements radical changes in a number of sectors across the economy. The reforms, aimed at raising the competitiveness of the Mexican economy, have the potential to establish Mexico’s position as a regional powerhouse.
La industria del turismo ha sido un pilar clave en la administración del presidente Ricardo Martinelli y seguirá siendo eje fundamental de la economía panameña en sus esfuerzos por mantener el crecimiento del PIB junto a la creación de al menos 860 mil nuevos puestos de trabajo para 2020.
Articles & Analysis | Untapped abundance: Sector operators are beginning to create new ecotourism offerings from The Report: Panama 2014
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...
Articles & Analysis | Growing significance: The government’s efforts to boost the tourism sector are paying off from The Report: Panama 2014
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...
Articles & Analysis | Enticing developments: A review of the fiscal incentives used to promote tourism investment from The Report: Panama 2014
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...