Panama City Nearly Doubles Hotel Inventory

Panama's capital city, Panama City, is in the midst of a major hotel boom, according to Marketing Challenges International (MCIntl), the Tourism Authority of Panama's North American sales and marketing partner, which this week announced a new milestone for the destination: Panama City has reached 13,000 hotel rooms, which is nearly double its inventory of 7,000 rooms in 2007.

"More than 60 international corporations have established their regional headquarters here," MCIntl President Michel Couturier said in a statement. "Panama is one of the most important economic centers in Latin America and is an essential business hub connecting North and South America. It's no surprise that nearly every major international hotel brand has recently opened a property here."

In the last few years, Panama City has welcomed several new hotels of note, including the Westin Playa Bonita, which has 611 guest rooms and 65,000 square feet of meeting space; the Hilton Panama, which has 347 guest rooms and 30,000 square feet of meeting space; the Hard Rock Hotel Panama Megapolis, which has 1,500 guest rooms and 50,000 square feet of meeting space; and the Trump Ocean Club International Hotel & Tower, which has 369 guest rooms and 45,000 square feet of meeting space.

The momentum is expected to continue in the years ahead, according to MCIntl. In addition to several new hotels -- including the Hyatt Place Panama City and the W Panama, opening in late 2014 and 2016, respectively -- the city is anxiously awaiting the opening of a new convention venue, the Amador Convention Center, in 2015, it said.

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