Post on 14-May-2023
Students:
Sofía Alejandra Cristales Paredes
Harold Amílcar Matheu Rodríguez
Ilsie María Mercadillo Sánchez
Exequiel Ernesto Moreno Avilés
Mauricio Benjamín Ortíz Martínez
Cesar Ismael Pacheco Paredes
Subject:
Global Environment 0 (GLE 0)
Teacher:
Lic. Edgar López Serrano, MBA.
Section:
2-2
2
Date:
Friday, June 26th 2015
IndexIntroduction.....................................................3Objectives.......................................................4
General Objective...............................................4Specific Objectives.............................................4
CHAPTER I........................................................5History of Taj Hotels............................................5
Taj hotel Brands.................................................5Hotel listings..................................................6
Vision of Taj Group of Hotels...................................9General Information of Panama...................................10
CHAPTER II......................................................11PESTLE ANALYSIS....................................................11
Politics.......................................................11Economics......................................................13
Technological..................................................15Legal..........................................................16
Environmental..................................................17SWOT ANALYSIS TAJ HOTELS........................................19
Recommendations.................................................20References......................................................21
Annexes.........................................................22Tourism Information.............................................22
5
CHAPTER I
History of Taj Hotels
The Indian Hotels Company Limited (IHCL)
and its subsidiaries are collectively
known as Taj Hotels Resorts and Palaces
and is recognized as one of Asia's
largest and finest hotel company.
Incorporated by the founder of the Tata Group, Mr. Jamsetji
N. Tata, the company opened its first property, The Taj Mahal
Palace Hotel, Bombay in 1903.
Taj Hotels Resorts and Palaces comprises 93 hotels in 55
locations across India with an additional 16 international
hotels in the Maldives, Malaysia, Australia, UK, USA, Bhutan,
Sri Lanka, Africa and the Middle East.
Taj (luxury full-service hotels, resorts and palaces) is our flagship brand
for the world's most discerning travelers seeking authentic
experiences given that luxury is a way of life to which they
are accustomed.
Taj hotel Brands
Since the late 2000s, the Taj hotels' group started
organizing its hotels into different brands, in a market
segmentation strategy.
Taj/Taj luxury: The luxury brand is the erstwhile
generic brand of the Taj Hotels Resorts and Palaces.
6
These hotels cover business destinations, landmarks,
palaces, resorts and forest destinations. Most of Taj's
oldest and most prestigious hotels have been retained
under this brand.
Taj Exotica: It is the resort and spa brand of Taj
Hotels.
Taj Safaris: The wildlife lodges amidst the Indian
national parks and national parks come under this brand
label. The brand has modelled on the concept of
sustainable eco-tourism.
Vivanta by Taj: Vivanta is a contemporary-luxury hotel
brand. The brand caters to an upscale market and is
positioned a step below the flagship Taj brand. Vivanta
Hotels are found business and vacation destinations as
well.
The Gateway Hotels and Resorts: Gateway is a mid-market
brand, positioned below the Vivanta. It contains
properties in business and vacation destinations like
Vivanta does. The Gateway Hotel brand was created by Taj
in its earlier market segmentation effort in the 1990s,
and has been retained and expanded in the current wave
of brand-segmentation.
Taj Luxury Residences: offer luxuriously furnished
apartments for short visits or extended stays. Equipped
with modern household amenities, the spacious apartments
offer a personal butler service, round-the-clock
7
concierge service and 24-hour baby-sitting service,
taking care of every comfort.
Hotel listings
INDIA
Bandhavgarh National Park Mahua KothiBangalore The Taj West EndChennai Taj CoromandelHyderabad Taj Falaknuma Palace Taj KrishnaJaipur Rambagh PalaceJodhpur Umaid Bhawan PalaceKanha National Park Banjaar TolaKolkata
Taj BengalMumbai Taj Lands’ End Taj Wellington Mews The Taj Mahal PalaceNew Delhi Taj Palace The Taj Mahal HotelPanna Pashan Garh (Panna National Park)Pench National Park BaghvanUdaipur Taj Lake Palace
INDIAN OCEAN
Maldives Taj Exotica Resort & Spa
SOUTH AFRICA
Cape Town Taj Cape Town
SRI LANKA
Colombo Taj Samudra
UNITED ARAB EMIRATES
8
Dubai Taj Dubai Taj Palace Hotel
UNITED KINGDOM
London St. James Court, A Taj Hotel - London Taj 51 Buckingham Suites and Residencies
UNITED STATES
Boston Taj BostonNew York The PierreSan Francisco Taj Campton Place
Taj Hotels, Resorts and Palaces is an international
hospitality group with strong roots in India. For over 100
years, we have built our reputation on legendary properties,
unparalleled facilities and impeccable service. We operate in
the luxury, premium, mid-market and value segments of the
market through our following brands:
Taj (luxury full-service hotels, resorts and palaces) is our
flagship brand for the world's most discerning travelers
seeking authentic experiences given that luxury is a way of
life to which they are accustomed.
Taj also encompasses a unique set of iconic properties rooted
in history and tradition that deliver truly unforgettable
experiences. A collection of outstanding properties with
strong heritage as hotels or palaces which offer something
more than great physical product and exceptional service.
This group is defined by the emotional and unique equity of
its iconic properties that are authentic, non- replicable
with great potential to create memories and stories.
Taj Exotica is our resort and spa brand found in the most
exotic and relaxing locales of the world. The properties are
defined by the privacy and intimacy they provide. The hotels
are clearly differentiated by their product philosophy and
service design. They are centered around high end
accommodation, intimacy and an environment that allows its
guest unrivalled comfort and privacy. They are defined by a
sensibility of intimate design and by their varied and
10
eclectic culinary experiences, impeccable service and
authentic Indian Spa sanctuaries.
Taj Safaris are wildlife lodges that allow travelers to
experience the unparalleled beauty of the Indian jungle
amidst luxurious surroundings. They offer India's first and
only wildlife luxury lodge circuit. Taj Safaris provide
guests with the ultimate, interpretive, wild life experience
based on a proven sustainable ecotourism model.
TAJ LUXURY RESIDENCES For over a hundred years, Taj Hotels,
Resorts and Palaces have played host to discerning travelers
from around the world. Renowned for its warm hospitality, the
spirit of the Taj is now found embodied in the Taj Luxury
Residences.
Taj Wellington Mews, Mumbai, offer luxurious
ly furnished apartments for short visits or extended stays.
Equipped with modern household amenities, the spacious
apartments offer a personal butler service, round-the-clock
concierge service and 24-hour baby-sitting service, taking
care of every comfort.
A range of recreation options, including an attached swimming
pool, well-equipped fitness center and a rejuvenating spa,
complements state-of-the-art business facilities and
conference services, while the comprehensive security
measures assure complete privacy and safety.
11
Elegant, comfortable and exquisitely finished, Taj Luxury
Residences combine warmth with a flawless service that can
only be the Taj.
Taj Wellington Mews Luxury Residences, Mumbai
Situated in South Mumbai - just minutes away from the city's
commercial centers - Taj Wellington Mews Luxury Residences
offers 80 exquisitely designed and fully furnished
residences, and is spread over 2.6 acres of beautifully
landscaped garden.
Upper Upscale Hotels (full-service hotels and resorts)
provide a new generation of travelers a contemporary and
creative hospitality experience that matches their work-hard
play-hard lifestyles. Stylish interiors, innovative cuisine,
hip bars, and a focus on technology set these properties
apart.
The Gateway Hotel (upscale/mid-market full service hotels and
resorts) is a pan-India network of hotels and resorts that
offers business and leisure travelers a hotel designed,
keeping the modern nomad in mind. At the Gateway Hotel, we
believe in keeping things simple. This is why, our hotels are
divided into 7 simple zones- Stay, Hangout, Meet, Work,
Workout, Unwind and Explore.
Ginger (economy hotels) is our revolutionary concept in
hospitality for the value segment. Intelligently designed
12
facilities, consistency and affordability are hallmarks of
this brand targeted at travelers who value simplicity and
self-service.
Vision of Taj Group of Hotels
The Vision The Taj Group of Hotels commits itself to the overall improvement of the
ecological environment, which we are all a part of. We recognize that we are not
owners but caretakers of the Planet and owe it to our children and future
generations of humankind. It is our endeavor not only to conserve and protect but
also to renew and regenerate the environment in which we live and operate. Our
commitment encompasses all actions related to our products, services, associates,
partners, vendors and communities. We will partner and engage with our
environment through EARTH: Environmental Awareness and Renewal at Taj Hotels.
For us EARTH is not a program, nor a process; it is a way of life.
13
General Information of PanamaThe Republic of Panama (Panama) is an independent country
located in Central America, bordering both the Caribbean Sea
and the North Pacific Ocean, between Colombia and Costa Rica.
It has a total area of 17,517 square km with land boundaries
of 555 km of which 225 km is shared with Colombia in the
north and 330 km with Costa Rica in the south. It has a total
coast line of 2,490 km. Panama is in a strategic location on
eastern end of the isthmus forming a land bridge connecting
North and South America, and controls the Panama Canal that
links the North Atlantic Ocean with the North Pacific Ocean.
Explored and settled by Spain in the 16th century, Panama
broke with Spain in 1821 and joined a union of Colombia,
Ecuador, and Venezuela. When this union was dissolved in
1830, Panama remained part of Colombia until 1903 when it
gained its independence. As of July 2012, its population was
estimated at 3,510,045 of which about 1.5 million live in
Panama City, its capital. The official language is Spanish
but English is commonly spoken in urban areas. Other
indigenous dialects and foreign languages are also spoken by
minority groups. The country is made up of nine provinces, 77
districts or municipalities, three indigenous provincial
territories, and two indigenous towns.
The country is governed through a unicameral National
Assembly with 71 seats. Its members are elected by popular
14
vote to serve five-year terms. The Executive Branch is
composed of the President, two Vice-Presidents and three
Ministers of State. The president is both the chief of state
and head of government. Currently there is only one Vice-
President and 16 persons have been appointed by the President
to the Council of Ministers.1
1 Panama: Detailed Assessment Report—FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
15
CHAPTER II
PESTLE ANALYSIS
PoliticsFor most of the 20th century, Panama was a constitutional
democracy. However, a coup in 1968 brought the military to
power. During the 1980s, Panamanian General Manuel Noriega
assumed control of the government. After diplomatic and
economic pressure failed to remove Noriega, U.S. president
George Bush used American troops to remove the dictator from
power and restore democracy in 1991 in a military operation
known as "Just Cause."
The politics of Panama take place in a framework of
a presidential representative democratic republic, whereby
the President of Panama is both head of state and head of
government, and of a multi-party system. Executive power is
exercised by the government. Legislative power is vested in
both the government and the National Assembly. The
Judiciary is independent of the executive and the
legislature. The branches are according to Panama's Political
Constitution of 1972, reformed by the ‘Actos Reformatorios’ of
1978 and the ‘Acto Constitucional’ of 1983, united in cooperation
and limited through a system of checks and balances.
The largest political party in Panama is the Democratic
Revolutionary Party (PRD).
16
The PRD is conservative on economic
matters and appeals mainly to the
country's young and urban poor. The
Arnulfista Party (PA) is the party of
the nation's current president and its
base is among the Panama's rural
population. The Popular Block is a
coalition of former Christian Democrats and pro-business
groups, as is the National Liberal Republican Movement and
Democratic Change. These parties appeal to the middle and
upper classes and tend to have strong ties to the business
community.
Juan Carlos Varela Rodríguez is the actual President of
Panama since 2014. Previously he served Vice President of
Panama from 2009 to 2014; he was also Minister of Foreign
Relations from July 2009 to August 2011. He has been the
President of the Panameñista Party, the third-largest in
Panama, since 2006.
On 4 May 2014, Varela won the 2014 presidential election with
over 39% of the votes, against the party of his former
political partner Ricardo Martinelli, Cambio Democrático, and
their candidate José Domingo Arias. He was sworn in on 1 July
2014.
17
The dominant political parties in
Panamanian history have been the PRD and
the Panameñista (former Arnulfista
Party). These parties were founded by
charismatic and strong political
enemies, Omar Torrijos (PRD)—the
deceased father of the previous president, Martín Torrijos
and Arnulfo Arias (Panameñista/Arnulfista), late husband of
the ex-president, Mireya Moscoso. Even though these leaders
died years ago, their aura is revived by their followers, and
they are present in every election.
Panamanian politics have historically been corrupt. Lately,
the Panamanian society and press are auditing and fighting
for improvements. A sign of this is the lack of young vote in
the referendum of October 22, 2006, showing a lack of
confidence in Panamanian politics and politicians.
The World Bank’s Worldwide Governance (perception) Index for
2011 scored Panama at -0.07 for Rule of Law (-2.5=weakest to
2.5=strongest) and ranked it at 53.52 (0=lowest to
100=highest) among 215 economies. For corruption, Panama
scored at -0.35 and ranked at 46. For regulatory quality it
scored Panama at 0.41 and ranked it at 65. The World Bank
uses three other indexes to estimate the quality of
governance including voice and accountability, political
19
EconomicsThe official currency of Panama is the Balboa and is
equivalent to the US dollar. Nonetheless, its economy is
totally US dollar-based and it does not have a central bank.
Its economy is largely based on services, which constitute
about 63 percent of its GDP, but there have been recent
increases in the construction and industrial sectors. The
primary service sectors include operating the Panama Canal,
financial and corporate (offshore) services, the Colon Free
Zone, container ports, flagship registry, and tourism.
The Panama Canal expansion project began in 2007 and is
scheduled to be completed by 2014 at a cost of $5.3 billion.
This expansion is expected to significantly bolster economic
growth and to more than double the Canal's operating
capacity. The United States and China are the top users of
the Canal. Panama is also constructing a metro system in
Panama City, valued at $1.2 billion and scheduled to be
completed by 2014. Panama's economy, because of its key
geographic location, is mainly based on a well-developed
service sector especially commerce, tourism, and trading.
Since the time they built the Canal in 1914 it has been of
major economic importance because it pumps millions of
dollars from toll revenue to the national economy and
provides massive employment.
20
Panama is rated as the number 1 place to do business in Latin
America and is now the 6th Richest Country in Latin
America. -According to a report issued by the Latin Business
Chronicle.
Panama is currently ranked as number 1 most competitive
economies in Central America, number 3 most competitive
economies of Latin America and the Caribbean below Puerto
Rico and Chile, and number 40 globally.
GDP- 46.5 billions of U.S
dollars, Panama has been
one of the fastest growing
economies in Latin America
over the past decade, with
real GDP expanding an
average of 8.4% between
2004 and 2013.
The economy is centered on a highly-developed services
sector, which represents more than 75% of gross domestic
product (GDP).
Economic Growth (annual variation in %) - 6.2%
Panama’s important services sector expanded 6.9% on the back
of strong gains in financial services, transportation, as
well as hotels and restaurants.
21
Public Debt- 39.2% of GDP
In practice Panama is dollarized: US dollars are legal
tender and used for all paper currency. The local
currency is the balboa, which, since its creation in
1904, has remained tied to and equal to the United
States dollar.
Panama offers a modern and technologically advanced
banking system. Panama is the largest international
banking center in the world next to Switzerland.
Historically low inflation
Investors: The State encourages and protects investment
through clear and simple laws.
"There will be no personal privileges or exemptions or
discrimination based on race, birth, social class, sex,
religion or politics", “The Panamanians and foreigners
are equal before the law”.
In brief, Panama has a multimodal services platform that
allow for its positioning with respect to other destinations
in Latin America and the Caribbean, supported by a solid
financial system that allows the mobility of capital from and
to abroad, as well as air, surface, maritime and rail
connectivity.
22
Technological
Panama city with the creation of the constitutional law
13 with date 15 April of 1997 and a modification on the
constitutional law 50 , constituted in December of 2005
the National Secretary of Science , Technology and
Innovation(SENACYT) to execute the strategy 2010-2014 in
the area of technological knowledge and innovation
The agenda of the National Secretary of Science ,
Technology and Innovation include the establishment of
info plazas all around the country this info plazas are
community center with internet access and e-learning
for the students and Panamanians in general so they can
take advantage of the information of technology and
communication
The National Strategic Plan of Science , Technology and
Innovation of Panama for the period of 2010-2014 has 6
strategic objectives:
o Reinforcement of the human resources ,scientific
infrastructure and technology
o The generation and diffusion of new knowledge in
technology with high potential so it can be apply
in the development of Panama.
o The reinforcement and fomentation of business
activities, Education Improvement, diffusion and
23
popularization of science, technology and
innovation
o Reinforcement of public institutionally of the
innovation system for the competitively in Panama
Panama city is actually investing in the Panama Research
Institute of Science and Medicine with a cost of 20,89
million of dollars
Different Companies specialized in the use of technology
are investing around $250 million in Panama , poisoning
the country as strategic center for data storage in
Latin America
The strategic geographic position of Panama and the
convergence of five important submarine cables of optic
fiber that transmit lots of information and data and
also the development of the special economic area in
Panama Pacific positioning Panama as a strategic site to
install international companies specialize in
communications and information of technologies.
Legal
Easy Business registration: In order of The Ministry of
Economy, to constitute a Incorporation (Society) there
is a facility that in the term of three through five
24
days you may finish this process. The amount of money
that the company will have to pay every year to be
registered is of US$250.00 the first year and USS$300.00
the followings. Also they will have to pay for the
capital of constitution of the Incorporation, but this
quantity is around US$60.00.
However with “Panama-Emprende” that is the new Law and the new
system that seeks to promote the creation of new businesses,
both of national and foreign capital, under a transparent and
efficient environment with the use of technology, with base
to a greater citizens' trust. The new system allows people to
open their business, in a few minutes, in an electronic way,
without the need for queues, procedures and additional costs.
With this new system for the opening of companies, Panama is
ranked first in the world in terms of speed and easiness to
open companies.
Benefits for tourism Investment: The Law 481 is
essentially how the government of Panama has taken the
initiative to support the tourism in the country. Now if
we invest in Hotels outside or inside Panama City the
government will allow:
o 20 year tax exoneration for materials, equipment
and vehicles used in construction
25
o 20 year tax exemption for real property used for
tourism
o No taxes or assessments on the operation’s capital
o No fees for use of piers, airports and helicopters
owned by the operation
Protection for the foreign Investor: In the direction to
support foreign investors, Panama has a Law (Law 54)
that grants investors and their foreign businesses the
same rights and freedoms as Panama natives. This law
also grants the right to dispose of the profits and
repatriate their interest, dividends and profits.
Environmental
Environmental health risks, such as those from inadequate
water and sanitation, and indoor and urban air pollution, and
their associated costs, represent a significant burden on
Panama’s economy. While water supply and sanitation coverage
is high on average, sharp inequalities in coverage exist,
with poor service quality in urban poor areas and scanty
coverage in rural Indigenous areas.
As the evidence shows, the environmental health implications
of urban air pollution, poor water supply and sanitation, and
indoor air pollution impact Panama’s ability to achieve
targets for reducing child mortality, improving maternal
health, combating diseases, and other Millennium Development
26
Goals (MDGs). Overall, that Panama’s economic costs
associated with these environmental problems amount to nearly
US$225 million or 1.25 percent of the country’s gross
domestic product (GDP).
The reported level of access to
water and sanitation is high in
Panama. According to the Ministry
of Health, in 2006 about 97
percent of the population had
access to potable water and 97
percent had access to at least basic sanitation. However,
estimates from the WHO/UNICEF Joint Monitoring Program (2006)
puts access to improved water supply in 2004 at 99 percent in
urban areas and 79 percent in rural areas, while access to
improved sanitation was 89 percent in urban areas and 54
percent in rural areas.
While average water and sanitation coverage in Panama is high
by regional standards, there are still gaps in rural and, in
particular, in indigenous, areas. Access to improved water
supply is estimated to be 78 percent in rural areas and 48
percent in indigenous areas in 2004.
Panama, a small country with rich natural resources, needs to
ensure the best affordable environmental management that will
27
allow the country to sustain its high rate of economic growth
and turn this growth into better living conditions that
improve the welfare of all, especially of the poor.
Weather and climate
In Panama the Days are hot and nights are much cooler.
Temperatures usually range from 32 degrees Celsius (90°
Fahrenheit) during the daytime to 21 degrees Celsius (70°
Fahrenheit) in the evening. These temperatures are found
practically year-round. However temperatures can vary
according to geography. The climate is less tropical at
higher ground. In mountain areas the average annual
temperature ranges from 10ºC to 19ºC (50-66ºF). In Panama
humidity is very high at about 80 percent. The rainy season
takes place between October and November, and the best months
to visit are December until March.
Geography
Panama is a country located in the Central America region of
North America, bordering both the Caribbean Sea and the North
Pacific Ocean, between Colombia and Costa Rica. Panama is
located on the narrow and low Isthmus of Panama.
This S-shaped isthmus is situated between 7° and 10° north
latitude and 77° and 83° west longitude. Panama encompasses
approximately 77,082 square kilometers (29,762 sq mi), is 772
kilometers (480 mi) in length, and is between 60 and 177
kilometers (37 and 110 mi) in width.
28
Infrastructure
The nation's infrastructure is relatively well developed.
Roads in the urban areas are generally good, but in the rural
areas of the nation they remain poor. Panama has 11,258
kilometers (6,996 miles) of roads, but only 3,783 kilometers
(2,350 miles) are paved. Plans are underway for the
construction of 2 major superhighways that will be funded
through tolls. In addition, there are 355 kilometers (220
miles) of railways. The government is in the midst of a
program to privatize the nation's main railway, the Panama-
Colón Railroad. In addition, a joint venture between the U.S.
companies, Kansas City Southern Industries and Mi-Jack
Products, is investing US$73 million to rebuild a rail line
parallel with the canal and across the nation. There are 105
airports in the country, but only 41 have paved runways. The
withdrawal of the Americans from the Canal Zone has provided
the government with a former military airfield that can serve
as a major international airport. There are 130 kilometers
(81 miles) of crude oil pipelines in Panama.
In addition to the 80-kilometer (50-mile) Panama Canal, the
country has 800 kilometers (497 miles) of navigable
waterways, although most of these can only be used by
shallow-draft vessels. The major ports in Panama are Balboa,
Cristobal, Coco Solo, Manzanillo, and Vacamonte. The
international shipping terminal in Manzanillo is the largest
container port in Latin America. Hutchison Port Holdings of
29
Hong Kong has initiated a $150 million port project to
develop a port facility on the Pacific side of the Panama
Canal. Panama allows ships of other nations.
Disaster quotient
According to the World Risk Index, Panama appears on the 107th
place with a quotient of 7.49% (Qatar i son the top of
this list with a quotient of 0.10% and the country on
the bottom is Vanuatu With a quotient of 36.43%). Here’s
a summary of this report.
SWOT ANALYSIS TAJ HOTELS
STRENGTHS WEAKNESSES Considered to be the most
premium hotel chain in
India
112 years old established
brand
Early expansion
Strategic location
They have an strategic
segmentation for each of
their brands
Symbol of Indian
hospitality
Different brands for
different segments.
Travel decisions are based
on global patterns and
events that happen
elsewhere can have serious
impact in the performance.
The luxury brand of Taj
Hotel is for a tiny market
in Panama.
The cost of the investment
is high
Lack of personal guidance.
OPPORTUNITIES THREATS Improve sales promotion in
some countries
Latest increase in tourists
Benefits for tourism
investment in Panama
The possibility to
establish a port Armuelles
as a Cruises port improving
the tourism in Panama.
Competitors entering the
market.
A lot of hotels (223) are
already in Panama that
means more competitors.
Not every Visitor of Panama
Stay in Hotels, there are
lots of lodges in the
country.
The perception of the
32
Recommendations
Taj Hotels should invest in Panama because is the biggesteconomy in the region, also because lots of people go topanama every year from different parts of the world.
There’s market for Taj Hotels in Panama, even there are +200hotels in the country, Taj is able to adapt itself to othercountries and cultures, and Panama is not an exception. There119 Taj hotels (93 in india, 16 international) Taj group isable to adapt their hotels to other parts of the world withdifferent cultures.
33
References
Taj Hotels and Palaces
https://en.wikipedia.org/wiki/Taj_Hotels_Resorts_and_Palaces
http://www.tajhotels.com/luxury/hotel-location.html
http://www.tajhotels.com/about-taj/company-information/our-hotels.html
http://www.tajhotels.com/about-taj/company-information/tajair-private-luxury-jets.html
http://www.tajhotels.com/about-taj/company-information/Vision.pdf
External Default in Panama
http://wwwwds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/06/29/000333037_20120629003922/Rendered/PDF/440620ESW0P0800A0June0240FINAL02008.pdf
Education System
34
http://www.classbase.com/countries/Panama/Education-System
https://en.wikipedia.org/wiki/Education_in_Panama
https://sites.dartmouth.edu/bennettgoff/final-project/competition-with-panama-canal/
Business Panama: Investing in Panama-Worlds best access to
capitalhttp://www.businesspanama.com/investing/why_invest/access_capital.
php
Role of Government in Panamahttp://countrystudies.us/panama/43.htm
FAQ about investing in Panamahttp://proinvex.mici.gob.pa/index.php?
option=com_content&view=article&id=108&Itemid=115
Panama Offshore legal Services- Why Panama?http://www.panama-offshore-services.com/panama_city.htm
Focus Economics – Panama Factshttp://www.focus-economics.com/countries/panama
Forbes- Best Countries for Businesshttp://www.forbes.com/places/panama/
http://www.weather-and-climate.com/average-monthly-Rainfall-Temperature-Sunshine-in-Panama
https://en.wikipedia.org/wiki/Geography_of_Panama
http://www.nationsencyclopedia.com/economies/Americas/Panama-INFRASTRUCTURE-POWER-AND-COMMUNICATIONS.html
https://en.wikipedia.org/wiki/List_of_countries_by_natural_disaster_risk#References
http://www.preventionweb.net/countries/pan/data/
35
http://www.anywherepanama.com/travel-guide/environmental-issues
http://us.practicallaw.com/1-508-1137#a837856
36
Annexes
Tourism Information
Hotels Group 1: Hard Rock Hotel, El Panamá, Plaza Paitilla Inn,
Riande Continental Ciudad, Ejecutivo, Country Inn Suite El Dorado
Sheraton Panamá, Miramar Intercontinental, Four Points
Sheraton,Veneto, Courtyard by Marriott , Courtyard Metromall,
Camping Resort, Country Inn Suites, Marriott
Panamá, Bristol, Country Inn Suites Amador, Marriott Executive,
Granada, Riande Aeropuerto, Crowne Plaza, Holiday Inn, De Ville,
Avalón Resort, Radisson Decapolis, Riu Trump, Le Meridien, Hilton
Garden Inn y Doublee Tree By Hilton, Intercontinental Playa
Bonita, Westin Panamá.
Hotels Group 2: Internacional, Roma, Riazor, Doral, Bella Vista,
Aramo, Centroamericano, Ideal, Veracruz, Caracas, California,
Acapulco, Costa Inn, Gran Soloy, Montreal,Villa del Mar, Marbella,
Lisboa, Andino, Latino, Los Arcos, Tower House Suites, Costa del
Sol, Caribe, Crystal Suites, Rio de Janeiro, Venecia, Via España,
37
EuroHotel, Costa Azul, Ideal, Milan, Covadonga. Hotel Albrook Inn,
Arenteiro, Toscana Inn, San Remo y Benidorm.
This graphs shows the percentage of occupation of hotel roomsin Panama since 2005 - 2014
This table illustrates all the kinds of lodging that isavailable in the whole country.
38
This is the number of rooms that Panama can offer to thetourist or the people who stay for a while at panama.
Source: Autoridad de Turismo Panama.
This graph shows all the kinds of touristic companies thatare in Panama.