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Learn moreOct 2020
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Prior to COVID-19, tourism had been already been struggling, principally driven by a dramatic drop of visitors from Venezuela and hotel occupancy was low. It is not expected that tourism will not see any significant growth in terms of value sales, until 2022, due to the aftershocks of COVID-19.
The first officially diagnosed case in Panama was on 9 March, with schools closed from the following day. The country closed its borders on 16 March.
Panama has invested a lot in air connectivity and only just finally completed the new second terminal in 2020 at Panama’s main airport, Tocumen, and there were big plans to increase its already high connectivity. These plans were all put on hold as a result of COVID-19.
Travel intermediaries spent much of 2020 handling cancellations and rescheduling trips due to COVID-19. This was extremely time consuming, with no monetary gain for intermediaries.
Panama is a transport hub, with huge connectivity for a country of its size, both for air travel and sea travel, via cruises. However, most of these passengers do not actually set foot in Panama and a key policy for travel operators over the coming years will be to encourage these passengers to stay overnight in Panama.
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Overview:
Discover the latest market trends and uncover sources of future market growth for the Travel industry in Panama with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you are in the Travel industry in Panama, our research will save you time and money while empowering you to make informed, profitable decisions.
When you purchase this report, you also get the data and the content from these category reports in Panama for free:
The Travel in Panama market research report includes:
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Why buy this report?
This industry report originates from Passport, our Travel market research database.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.