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Panama's tourism industry fears bubble in hotel construction could be about to burst

Tuesday, December 20, 2011

The supply of hotel rooms in Panama is far outgrowing the demand from tourists. The result could be a shar drop in prices.

Last year, some 2,600 hotel rooms were built in Panama. this year and next, more than 4,000 a year are expected.

Panama's toiurism authority admits that 340 percent more additional space is available in the country's hotels while growth in tourist arrivals has increased by 15 percent..

Original source (in Spanish): Panamá América