How would you assess Panama’s rise from 56th to 37th place in the World Economic Forum’s “2013 Travel & Tourism Competitiveness Report”?
The Americas Tourism
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Interviews & Viewpoints | OBG talks to Ernesto Orillac, Deputy Minister of Tourism from The Report: Panama 2014
For the past decade Panama has registered impressive economic growth. According to the World Bank, GDP growth averaged 6.8% from 2000 to 2012, while government figures show double-digit growth for four of the past seven years. Economic development has been fuelled by heavy public sector spending on infrastructure, particularly the $5.25bn expansion of the Panama Canal, which should ensure long-term growth.
One of four key pillars of economic growth in the Strategic Economic Plan 2010-14, the tourism sector has experienced rapid development in the past decade. According to the World Travel...
Articles & Analysis | Of MICE and plans: Private and public efforts aim to make Lima a centre for meetings from The Report: Peru 2014
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...
Articles & Analysis | Enlarging leisure: Growth continues to lead the region as diversification takes shape from The Report: Peru 2014
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...
Articles & Analysis | A new frontier: Significant potential for consolidation in the Amazon from The Report: Peru 2014
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...