Now is the time to invest in tourism products and services in Panama - from WashingtonTimesGlobal.com
I ran across this article from WashingtonTimesGlobal.com and thought it would be of interest. Here's an excerpt:
In addition to the hundreds of investment opportunities generated by the expansion project of the Panama Canal and the expanding logistics center, the growth in the tourism industry is resulting in numerous investment opportunities in related services and accommodations. These options are made more attractive by special government incentives, which include the Special Tourism Zones Law that offers incentives such as a 100 percent exemption from income tax, real estate tax, import duties for construction materials and equipment, and other taxes.
The hotel industry is one area where the demand is signaling a definite need for more rooms. The industry is recording a continuous over-98 percent occupancy rate, reaching 100 percent on most weekends. The President of the Panama Hotel Association, Jorge Loaiza, indicated that the time is right for more investors in all tourism-related products and especially in the hotel industry. “Many existing hotels are now involved in expansion projects. They are adding more rooms. There are also additional players entering the industry. Hotel groups usually partner with local entrepreneurs to establish their business and this is happening.”
In the first quarter of 2007, more than 390,000 tourists visited Panama, an increase of 9.5 percent over the same period in 2006. The growth in the tourism industry is also evident in the rapid development in cruise tourism. It is anticipated that in 2007-2008, there will be over 200 cruises landing in Panama with more than 28,000 tourists. Adventure, historical, medical, and ecology tourism are attracting Europeans, North Americans, and even tourists from other Latin American countries.
Now is the time to invest in tourism products and services in Panama
Exploring Panama hotels, investments and projects, let me know. I'd be happy to help! :)
Tags: panamahotels, panama hotel projects, panama hotel investments, panama hotel developments, panama tourism, panama hospitality indsutry, panama canal expansion
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