TOURISM INDUSTRY IN PANAMA LOSES ITS POTENTIAL DUE TO HIGH PRICES

Chris Grad -
Tourism experts in Panama claim that travelers prefer to visit other places such as Colombia, which is 30% cheaper than Panama. Due to expensive services, the country loses its competitiveness in the ...

PANAMA’S TOURISM INJECTED MILLIONS INTO LOCAL ECONOMY

Nils Kraus -
In 2018, the Panama received US$4,605 million in expenditure incurred by visitors, which represents a 3.3% increase in comparison to 2017, according to the Panama Tourism Authority (ATP, in Spanish)....

PANAMA ANNOUNCES REMOVAL OF TAX ON GAMBLING TO ENCOURAGE TOURISM

Alec Hills -
The Gambling Control Board (JCJ) has announced that it plans to remove the 5.5% tax on gaming tables and other gambling activities as a way to increase the country's attractiveness to international tr...

LACK OF INFRASTRUCTURE COMPROMISES THE FUTURE OF AVIATION IN LATIN AMERICA

Wayne M. Gore -
Latin America foresees 4% to 6% increase in the number of air passengers for the next 20 years but “with the current infrastructure it will be impossible” to meet that demand, says IATA. Aviation in L...

TOURISM SECTOR IN GUATEMALA FACES CHALLENGES

Wayne M. Gore -
Further development of infrastructure, reducing the image of an unsafe destination, and attracting tourists for longer stays are the main challenges of the tourism sector in Guatemala. ...
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