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The 3 economic forces or trends driving the opportunity
3 Fastest Growing Tourism Sectors Represented
Luxury Tourism
$1,328 Billion in 2023
Expected $2762 Billion by 2032,
7.8% CAGR
Wellness Tourism
$999.5 Billion 2023
Expected $2635 Billion by 2033
10.2% CAGR
Eco Tourism
$220 Billion 2023
Expected $656 Billion 2032
12.9% CAGR
Social forces driving the opportunity
3 major trends
Flexible working conditions
Covid showed people they can work from homeConscious awakening
People are wanting more out of life than living in the rat racePeople looking to community
Why Panama?
Why Panama?
- The IMF predicts Panama will have the second fastest growing economy in Latin America post COVID
- Panama invests heavily into infrastructure and their next top priority going forward is tourism.
- The government is a constitutional democracy since 1994
- Panama has a solid legal system and strong personal property rights
- Panama has pro-business and foreigner-friendly laws.
- Panama is located outside of both the Pacific and Caribbean hurricane zones
WORKING TO PROTECT AND RE-ESTABLISH MARINE ECO-SYSTEMS
With over 1,000 islands scattered across the Pacific Ocean and the Caribbean Sea, Panama offers a breathtaking backdrop for anyone looking to contribute to a sustainable environmental project. The country’s commitment to conservation is evident, boasting an impressive 54% marine and 33% terrestrial protected areas, ensuring guests can immerse themselves in pristine natural surroundings.
At Tai Nuare, we recognize the importance of preserving and restoring our delicate ecosystems. That’s why we are proud to partner with environmental organizations to minimize our ecological footprint and actively contribute to the restoration of marine habitats. Our commitment extends beyond preservation; we are dedicated to actively rebuilding marine beds and establishing our own reef system, creating a thriving underwater ecosystem for generations to come.
Join us at Tai Nuare in our mission to protect and restore Panama’s natural treasures. Together, we can make a meaningful impact on the health of our oceans and ensure a sustainable future for all.
COMPARING COSTA RICA AND PANAMA ECOTOURISM POTENTIAL
Costa Rica, renowned for its eco-tourism offerings, attracted 2.4 million
international tourists in 2022. With earnings exceeding $1.7 billion annually from eco-tourism, the country’s commitment to eco-friendly activities is evident, with up to 80% of visitors engaging in eco-tourism-related endeavors.
On the other hand, Panama, while welcoming 2 million tourists in 2022, sees only 10% of its visitors partaking in eco-related tourism. However, despite this lower percentage, Panama demonstrates immense potential to gain a foothold in the eco-tourism market. With tourism revenues reaching approximately $3.61 billion in 2021, Panama’s burgeoning tourism industry presents a lucrative opportunity for eco-conscious investors and travelers alike.
While Costa Rica has long been celebrated as a premier eco-tourism destination, Panama’s untapped potential and growing commitment to sustainability make it an emerging player in the eco-tourism arena. With its diverse landscapes, rich biodiversity, and strategic location bridging the Americas, Panama offers a unique opportunity for investors and travelers seeking to explore new frontiers in eco-friendly travel and investment.
PANAMA ECONOMY AND TOURISM INDUSTRY
Sustainable GDP Growth-Superior to Regional Performance (Real GDP Growth, IMF 2023):
- Ranked best destination for doing business in Latin America, and 8th in the world, according to the “Best Countries for Business” (US News).
- Tourism industry with great momentum, including luxury sustainable travel
- Record number of international visitors in 2023 (Jan-Sep): 1.9 million
- +$700 m in infrastructure investments in destinations of Sustainable Tourism Master Plan 2020-2025
- Best air connectivity in Latin America (87 cities)
- Safest country in Central America and 2nd in Latin America (Numbeo)
- Luxury travel brands successfully positioning the country (Sofitel, Hyatt, Nayara, Cayuga)
A paradise for sustainable luxury and eco-investment opportunities.
Panama is 1 of the 3 carbon-negative nations globally.
Panama stands tall as an ideal destination for those seeking sustainable and regenerative luxury travel experiences, living and eco-investment opportunities.
The country is a beacon of environmental stewardship.
Aligning with Panama’s Sustainable Tourism Master Plan
- New airlines & airport in Bocas del Toro
- Twice as many direct international flights into Panama City.
- Major tax credit incentives for foreign tourism investors.
- Massive infrastructure investments into roads & signs.
- Better access to telecommunications, internet, & electricity.
- Better waste management & recycling systems.
- $20M fund to promote Panama internationally.
- Dedicated taskforce to attract foreign tourism investors.
- Emphasis on sustainability & eco-tourism.
- New contracts with cruise lines.
Tax Incentives for Hospitality Projects
TAX FREE OPERATING FOR 15 YEARS
- Fifteen year income tax exemption
- Exoneration of real estate tax for fifteen years
- Capital gains tax exemption for five years
- Duty free imports of any materials and equipment necessary for the business for a period of 5 years
Timing is everything: Government supporting Dramatic Expansion in Tourism
Completed doubling the size of Panama City’s international airport in 2022
Government has announced plans to invest 60M in the full refurbishment of Bocas Airport, including making a Bora Bora style water terminal, although the exact timing of this investment is yet to be confirmed.
The central government has allocated $60,000,000 for a sweeping restoration of Bocas Town, Isla Colon
- Complete upgrade of all major roadways on Isla Colon
- Major renovation of Simon Bolivar Park
- Urban renewal of Bocas Town true to Caribbean Roots
- 20 kilometers of bike trails being developed
Hospitality Competition
With over 300,000 oceanfront rooms in the caribbean less than 200 are exclusive overwater villas
Unlike the Maldives, Mauritius and Bora Bora the Caribbean has few locations suitable to safely build overwater units.
Market insistence and extremely limited supply are creating up to $3K-$12K nightly rates, booking out nearly 100% a year in advance for these Caribbean resorts.
This major supply/demand imbalance is unlikely to be leveled out anytime in the next 10+ years
Rental Rate Comparison
SANDALS JAMAICA
1,500 SF estimated
- High end
- Beaches
- Butler
- Club Sandals
Nightly Rate $3,500 - $4,500
CONSCIOUS ISLAND COMMUNITY
2658 SF
- Hardwood interior
- 405 acre site
- Freshwater Lake
- 80 acres of reef systems
- Exotic animals
- Rainforest with giant trees
- Hiking trails
- Neighboring Indigenous village
Nightly Rate $3,000 Estimated
NAYARA BOCAS DEL TORO
1,000 SF estimate
- Drywall interior
- 11 acre site
- 2 acres of reef systems
Nightly Rate $1,268
Finance Information
Land Development Company
Tai Nuare Lodge S.A.
The investment vehicle and the owner of the 405 acre site is a Panamanian corporation named Tai Nuare Lodge SA. Currently there are 7688 shares subscribed with valuation at $1700 USD per share totaling slightly above $13,000,000. We have a site appraisal at $19,145,000 post the remaining titling processes and permitting for the first Site. Upon finishing master planning for all 3 phases we project the valuation of the land & business in the $30M range.
CBRE VALUATION
*Appraisal reflects value when titling is complete, masterplan Zoning approved, and construction permits issued*
Projections Timeline By Section
**Yellow & green showing develop time per section**
The Company makes no representation or warranty with respect to such estimates
and projections and other forecasts and plans
Capital Requirements 2023-2024
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