According to STR's July 2016 Pipeline Report shows 28,417 rooms in 174 projects Under Contract in the Caribbean/Mexico region. The total represents a 2.4% decrease in rooms Under Contract compared with June 2015.
According to STR's June 2016 Pipeline Report for Central and South America, over 66,352 hotel rooms in 417 projects Under Contract in the Central/South America region.
Soon the Panama Canal Authority (ACP) will officially open its new gates
Some of the biggest hotel companies in the world have opened new facilities in Panama City in recent weeks.
Favorable exchange rates, affordable home prices and rising affluence abroad drive international buyers to the U.S.
Many Americans who live abroad choose to keep their US properties for rental purposes.
Panama City is enjoying an office building boom being driven by several economic factors.
After a two-week stoppage, limited work has resumed on the Panama Canal expansion project.
The $5.3 billion Panama Canal expansion is slated for completion in 2015, doubling the canal's capacity.
Grand Tower, the latest major project to be delivered in Punta Pacifica, has finally been issued its occupancy permit. The developer of the 55-story tower has started to notify owners to prepare for closings, which are expected to begin in December.
Driving over the Panama Canal on the Bridge of Americas, it's easy to find Panama Pacifico, the six-year-old master-planned development on the west side of the canal. The 3,450-acre project is one of the largest and most ambitious developments in the region.
The increasing cost of healthcare in first-world countries has made medical tourism a thriving industry. Instead of traveling for sea views or mountain hiking, tourists are traveling for medical treatment.