Whether for commercial or recreational purposes, tourism represents an important contribution to the Panamanian economy.

On average, visitors spend more than $2.3 billion in Panama, and 82% of them arrive by air.

Pullmantur, a well-known tourism group in Latin America and Spain, is building up its presence in Panama and has announced that its new flagship Monarch will make its first departure from Colón on April 26th on the "Antilles and South Caribbean" itinerary.

The best surfers in the world will soon be riding the Santa Catalina wave, in commemoration and celebration of the 5th Centenary of the Discovery of the South Sea.

Panama is set to become a country known for data storage, as over $60 million is being invested in this sector to make it an even more appealing place within the business world.

With an investment of $20 million, yesterday Bern Hotels & Resort and Intercontinental Hotels Group signed an agreement for the construction of the Crowne Plaza Panama Airport on the premises of the Global Business Terminal (GBT) in Torremolinos, township of Tocumen.