Country Report

Travel in

Travel in Panama

Oct 2020

US$2,100

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Executive Summary

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COVID-19 impact on travel

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.

COVID-19 country impact

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.

Company response to COVID-19: Airlines and hotels

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.

Impact of COVID-19 on online bookings and travel intermediaries

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.

What next for travel?

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

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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:

Analysis of trends
Detailed segmentation
Historic volumes and values, company and brand market shares
Forecasts
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Travel in Panama?
What are the major brands in Panama?

Why buy this report?

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

This industry report originates from Passport, our Travel market research database.

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Travel in Panama

EXECUTIVE SUMMARY

COVID-19 impact on travel

COVID-19 country impact

Company response to COVID-19: Airlines and hotels

Impact of COVID-19 on online bookings and travel intermediaries

What next for travel?

Chart 1 Inbound Receipts: 2020-2025
Chart 2 Average Spend per Trip for Inbound Arrivals: 2020-2025

MARKET DATA

Table 1 Other Transport: Value 2015-2020
Table 2 Forecast Other Transport: Value 2020-2025
Table 3 Car Rental Sales: Value 2015-2020
Table 4 Forecast Car Rental Sales: Value 2020-2025
Table 5 Attractions and Experiences: Value 2015-2020
Table 6 Forecast Attractions and Experiences: Value 2020-2025

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

DISCLAIMER

SOURCES

Summary 1 Research Sources

TOURISM FLOWS

Key Data Findings

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Megatrends

Country Report

Travel in Panama

New Report Guarantee

Executive Summary

New Report Guarantee

COVID-19 impact on travel

COVID-19 country impact

Company response to COVID-19: Airlines and hotels

Impact of COVID-19 on online bookings and travel intermediaries

What next for travel?

Samples

Overview

Why buy this report?

Samples: FAQs about samples

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Table of Contents

Travel in Panama

EXECUTIVE SUMMARY

COVID-19 impact on travel

COVID-19 country impact

Company response to COVID-19: Airlines and hotels

Impact of COVID-19 on online bookings and travel intermediaries

What next for travel?

MARKET DATA

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

DISCLAIMER

SOURCES

TOURISM FLOWS

Key Data Findings

2020 Impact

Recovery and Opportunities

Category Data

AIRLINES

Key Data Findings

2020 Impact

Recovery and Opportunities

Category Data

LODGING

Key Data Findings

2020 Impact

Recovery and Opportunities

Category Data

ONLINE TRAVEL INTERMEDIARIES

Key Data Findings

2020 Impact

Recovery and Opportunities

Category Data

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