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Panama

Panama is a country on the isthmus linking Central and South America. The Panama Canal, a famous feat of human engineering, cuts through its center, linking the Atlantic and Pacific oceans to create an essential global shipping route. In the capital, Panama City, modern skyscrapers, casinos and nightclubs contrast with colonial buildings in the Casco Viejo district and the rainforest of Natural Metropolitan Park.

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Tourism Revenue

USD 7,500,000,000.00 annually

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Panama Tourism

2 plus million visitors a year

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Tourism Growth

Average Growth of tourism of 11.69% and foreign visitors rose above 3.74% in the past decade

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Tourism Spending

USD 365.00 daily

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Short-term Extended Stay Market

Short-term extended stay rental market in Panama is now following similar trends as major cities around the world such as Paris, New York and London

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Bookings

In 2019, North America and Latin America reported bookings of 95.8 million, and 33.9 million nights, contributing to 41.7% and 6.2% of the overall worldwide revenue from bookings

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Panama Tourism GDP

13.32% of GDP and approximately 17% of all international tourism receipts in Central America

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LP Target Assets

Targeting 411 new and renovated residential  vacation condominium rental property acquisitions to meet rising 2022/23 tourism demand

Panama Highlights

Easily accessible Panama is considered the bridge of the Americas and is only a 2.5-hour flight away from Miami. Since it is a connecting point for routes continuing to Central and South America, almost all major airlines fly to Tocumen International Airport.

The main currency in Panama is the US dollar. That makes it very easy for US tourists to travel to Panama, and for nearly everyone else too since most are familiar enough with the currency and won’t need to pull out our calculator every time we have to pay.

The Panama Canal is a world-renowned engineering marvel, a 48-mile artificial waterway connecting the Atlantic Ocean and the Pacific Ocean, opening the way between two continents and transforming the face of maritime shipping forever. There are many ways to experience the Panama Canal, from the Miraflores Locks in Panama City to the partial or total boat tours that cross the Canal all the way to the city of Colon. A once-in-a-lifetime experience.

A hub of biodiversity Panama is a tropical paradise that hosts some of the most diverse and exotic species of animals and plants on the planet. Due to its geographical position, the country serves as a biological corridor connecting North and South America. Almost entirely covered in rainforest, with mountain forests and mangrove wetlands, it is home to over 10,444 types of plants, 255 mammal species, and 972 indigenous bird species, according to the National Society for the Protection of Nature of Panama.

What makes Panama a unique destination for all those travellers who love to wander off the beaten path is the incredible number of unexplored islands that you will find in the country. The San Blas Archipelago, whose beaches rank amongst the most beautiful in the world, is composed of approximately 100 nameless islands, 113 with names and 30 that are entirely made of coral. In Bocas del Toro you will find nine inhabited islands and around 300 tiny islets. On the Pacific side is the Pearl Archipelago, facing Panama City, and smaller famous islands in natural parks like the Island of Cobia.

Panama city is easily the most lively and exciting major city in all of Central America. With its historic center, its trendy restaurant and nightlife scene, and accessibility to most major cities in North America, it’s hard to find a reason you wouldn’t want to visit.

Panama tops the list of the world’s best places to retire. Located away from Central America’s hurricane belt, its warm tropical climate is tempered by breezes from the Pacific Ocean on one coast and the Caribbean Sea on the other Panama has it all: friendly people, a safe living environment and excellent hospitals and medical provision within easy reach of most places. Retirees can choose from beach communities, cool mountain retreats, grassy highlands or modern city living.  Panama is one of only three carbon-negative countries in the world. The famous shipping canal has brought modern communications, infrastructure and affordable transport links to popular domestic ex-pat destinations like Boquete in the highlands.

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Panama Canal Expansion

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Panama Metro Expansion

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Punta Pacifica Hospital

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Frank Gehry Bio Museum Panama