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Panama hotels in crisis as occupancy plummets

Friday, March 11, 2016

Panama hotel owners,  facing a  crisis with occupancy rates heading down to 40 percent and potential closures looming, are calling  for fast  government action with a  an international tourism  campaign after the number  tourists entering the country fell in January for the first time in a decade.

The occupancy rate in the capital city closed last year at 52 percent and rates have fallen 30 percent due to the oversupply of rooms.

Source: NewsroomPanama