Panama: Hotel Restaurant Institutional

  |   Attaché Report (GAIN)

According to major economic forecasts, Panama is expected to experience the greatest growth in the region during 2014, at an expected rate of 7.2 %, despite delays in the canal expansion project that was scheduled to be completed by 2015. Growth for 2015 is estimated at 6.9 %. The tourist sector continues to increase, not only with regular tourism but through the advantages offered by Panama’s location and modern infrastructure, as the perfect place to hold business meetings and regional conventions. Consequently the hotel, institutional and restaurant business benefits from this growth which in turn increases the demand and opportunity for U.S. food exports.

Panama: Hotel Restaurant Institutional

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