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Glory Moment Over? Panama Sees Slight Increase in Tourism Numbers, But Hotel Occupancy Is on the Decline

Article Summary:

Despite the arrival of more tourists, a 4.7% increase during the first five months of 2012, hotel occupancy continues to sink in Panama. At the end of the first five months the country accumulated a decline of six percentage points compared to last year due to the opening of more hotel rooms than supply could fill.

Photo Credit: Prensa

Original Article Text From Prensa via Google Translate :

Tourist Arrivals Increased 4.7%

The entry of visitors increased 4.7% during the first five months of the year. In this period 934 000 899 tourists entered, some 42,000 additional 360 when compared with the figures reported between January and May 2011.

Expenditure by tourists keeps the growth in the first four months of the year to May reached an estimated 923.8 million dollars.

Tourist arrivals by the Tocumen International Airport increased 20.7%, compensating for the drop recorded in the entry of passengers from cruise ships to receive Panama least during the 2011-2012 season.

Despite the arrival of more tourists, hotel occupancy continued to fall in May and at the end of the first five months accumulated a decline of six percentage points compared to last year due to the opening of more hotels in the city center.

In the hotels under 100 rooms, occupancy between January and May was 54%, while in the same period last year was 61%.

Ernesto Orillac, Deputy Administrator of the Panama Tourism Authority, said he was working on plans to increase air connectivity to the country Parea attract more tourists.

He noted that an overall increase of 4.7% in tourist arrivals is positive, but recognizes the need to increase this percentage.

Link to Original Article:

From Prensa

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