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

3

Introduction

In this report it will be presented

4

Objectives

General Objective

Specific Objectives

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

18

stability and absence of violence, and government

effectiveness.

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

31

Globalization Indian culture in Latin

America

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,

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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.

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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.

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This Table shows the amount of visitors of Panama since 2005to 2014.