{"id":4236,"date":"2022-04-26T22:36:26","date_gmt":"2022-04-26T20:36:26","guid":{"rendered":"http:\/\/www.thevisitorpanama.info\/eng\/?p=4236"},"modified":"2022-04-28T05:47:13","modified_gmt":"2022-04-28T03:47:13","slug":"ovidio-diaz-good-execution-of-the-modified-law-will-generate-the-results-sought-by-the-tourism-master-plan","status":"publish","type":"post","link":"https:\/\/www.thevisitorpanama.info\/eng\/2022\/04\/26\/ovidio-diaz-good-execution-of-the-modified-law-will-generate-the-results-sought-by-the-tourism-master-plan\/","title":{"rendered":"Ovidio Diaz: “Good Execution of the law that has been modified, will generate the results sought by the Tourism Master Plan”"},"content":{"rendered":"\n

In the country there are more\nthan 30,000 hotel rooms; however, 20,000 are in Capital City, but 80% of\nPanama’s tourist attractions are in the interior, which creates an imbalance\nbetween what we offer and how many people can access them. Many of the\ncountries in the region that compete with Panama have most of their\ninfrastructure outside the country’s main city. This situation forces Panama to\nrethink where it wants to take the tourist experience.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

 The Challenge of New Tourism\nIncentives<\/strong><\/p>\n\n\n\n

Taking into consideration the\nprevious introduction, the legislative authorities introduced an initiative\nthat repeals Law 122, which dictates incentive regulations for the promotion of\ntourist activity, and the modification of article 9 of Law 80, establishing\nincentives for investors in tourism companies. It contains positive aspects,\nalthough precedents can be generated along the way that can affect it. Ovidio Diaz,\nPresident of the Panama Chamber of Tourism, comments that Law 122 should not\nhave been repealed, since it creates a negative precedent in legal security.\n\u201cThe law is approved and why? After having an economy and finance law that\ngenerates huge tax credits that are highly concentrated in four or five\nprojects, they say I don’t like this and they have to repeal it to make a new\nlaw\u201d, affirms the President of CAMTUR.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

A\nModification That Seeks to Decentralize<\/strong><\/p>\n\n\n\n

Within what is stated in the\nmodification, the objective is to encourage tourism investments, to create jobs\nand decentralize the economy. Ovidio Diaz, within his vast experience as a\ntourist entrepreneur, comments that the sun and beach product in destinations\nsuch as Santa Catalina, Portobelo, Bocas del Toro, Pedasi, Boca Chica and\nCambutal, are those that require a greater hotel offer to attract more\ntourists, since which is the most sought after experience. However, it is clear\nthat the initiative will also help the nature product grow exponentially.<\/p>\n\n\n\n

To Increase\nInvestment you have to Offer Benefits<\/strong><\/p>\n\n\n\n

It is very clear that if\nPanamanian tourism seeks to recover time and grow at a faster rate, economic\nbenefits must be offered to those who invest, as does the modification to\narticle 9 of Law 80. Our guest in this special report comments that he cannot say\nexactly which countries on the continent have applied a similar law, but he is\nmore than certain that in many places where there has been a massive\ndevelopment of rooms and tourist infrastructure, it has been carried out hand\nin hand with benefits that governments offer to who is making the investment.<\/p>\n\n\n\n

More Tourist\nOffer Creates More Jobs<\/strong><\/p>\n\n\n\n

Tourism activity is one of the\nmain economic engines, it represented $7 billion in foreign currency to the\ncountry in 2019. The projection of this law is to attract investments to open\n5,000 new hotel rooms in the next five years; and it is estimated that more\nthan 5,000 direct jobs and more than 20,000 indirect jobs could be generated,\nas well as sustainable permanent hirings once the hotels and complementary\nactivities open. Ovidio Diaz believes that if the law is well applied, it will\ngenerate the results for which the tourism master plan was made. \u201cMore room\nsupply means more jobs and a positive impact on the value chain, details the\nPresident of CAMTUR.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Modification\nis One of Several Necessary Actions<\/strong><\/p>\n\n\n\n

The law is part of a great\nmechanism that the Industry requires for it to grow, develop and place the\ncountry in the international position it deserves. For this reason, our guest\nalso proposes the creation of other laws, or financial products that help the\nprivate sector to achieve the long-awaited development of the industry.<\/p>\n\n\n\n

At the time of the worst\neconomic crisis in our recent history, this countercyclical law will generate\nsignificant stimulation of the economy and job creation.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the country there are more than 30,000 hotel rooms; however, 20,000 are in Capital City, but 80% of Panama’s tourist attractions are in the interior, which creates an imbalance between what we offer and how many people can access them. Many of the countries in the region that compete with Panama have most of […]<\/p>\n","protected":false},"author":1,"featured_media":4304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[33],"tags":[],"_links":{"self":[{"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/posts\/4236"}],"collection":[{"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/comments?post=4236"}],"version-history":[{"count":2,"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/posts\/4236\/revisions"}],"predecessor-version":[{"id":4308,"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/posts\/4236\/revisions\/4308"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/media\/4304"}],"wp:attachment":[{"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/media?parent=4236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/categories?post=4236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thevisitorpanama.info\/eng\/wp-json\/wp\/v2\/tags?post=4236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}