Panama’s tourism industry shows no signs of slowing down, which is good news for the economy and everyone conducting business in Panama.In a recent article for La Prensa, Roberto González Jiménez reported these numbers:
Between January through September 2008 Panama received more than 1.1 million tourists, reflecting an increase of 13.1% or 128,452 more travelers than during the same period of time from the previous year, according to the Panama Tourism Authority.
So it looks like despite any recession the world economy might be facing, the influx of tourists traveling to Panama for vacation has not slowed down. This is actually the first time ever that the first 9 months of the year have seen more than 1 million tourists.
As the United States tries desperately to boost their economy, no doubt Panama will see the same effect it did back in 2003 when tax cuts in the US caused a major surge in Panama’s economy. No doubt a worldwide stimulation of the economy will have an even more profound affect on Panama.
