Pedasi Tourism - Investment on Upward Trajectory

It's no surprise Panama is currently having a bonanzaPanama uses the US dollar system, Panama's been
of a year in tourism. Not only does the country boastable to safely ride out the international recession.
pristine beaches, picture perfect rainforests and"Panama's yet to make its tourist mark, but it's
virtually no travel time between the two, Panama'ssomething that's happening quite fast," said the General
transit and telecommunications infrastructures areAdministrator of Panama's Tourism Authority, Salomon
outstanding. As an affordable, yet exotic place toShamah. Though Mr Shamah's expectations are still a
travel, these modern qualities are placing Panamaways away from being reached, he said foreign
leagues ahead of other Central and South Americaninvestment and infrastructure are two factors which
vacation destinations.are contributing enormously to the country reaching its
One region in particular - Pedasi, in the Los Santosgoals.
province, situated on the Central Pacific coast ofToward that end, Mr Shamah and the Ministry of
Panama -- is making significant economic gains as aTourism celebrated the inauguration of scheduled
popular tourist destination. The rich campesino traditionAeroperlas flights into Pedasi, which are expected to
of the Los Santos province, growing corn, sugar cane,generate a significant rise in tourism activity, and further
rice, coffee and raising livestock, offers visitors aattract investment into the area.
welcome respite from the bustle of Panama City, onlyLocated at the tip of the Azuero Peninsula, Pedasi is a
about 4 hours away by car.veritable tourist playground. One can go hiking,
Idyllic, picturesque, unbroken: these are the words oftenbirdwatching, sport fishing, sailing, surfing, kayaking,
used to describe the landscape of of the Azuerosnorkeling, and scuba diving. The nearby capital of Las
Peninsula, on whose south end sits Pedasi. The rusticTablas is famous for its traditional carnival parties,
coastline is dominated by rolling fertile hills, which slopeannual fiestas with a rich history dating back more than
gently toward the Pacific. Air temperature never really200 years. With crime rates being some of the lowest
drops below 74 F and. Visitors often drawreported nationwide, foreign investment in the area is
comparisons to the South of Spain, or a variant ofon the rise. Along the coast, a number of luxury
Tuscany.developments -- both residential and tourist -- are in
Coastal access through Los Santos is well-paved andfinal stages of completion, including Andromeda Ocean
well-signed, and townships have neatly planned,Estates, a spectacular beachfront community just
well-maintained streets. Virtually every town has aminutes from the town of Pedasi.
point of wireless Internet and one never has to travelAs one of the most desireable beach towns in the
too far for a cash dispenser. Coastal architecture is aregion, Pedasi is growing at a strong, yet controlled
charming mix beteween colonial Old Spain and thepace. With a regional landing strip,
province's residents take pride in their towns and localsinternationally-acclaimed surf breaks, and
are always inviting of foreigners, even welcoming themworld-renowned sport fishing, Pedasi is presenting itself
into their own homes on occasion.as the "it" destination of Panama's Pacific.
Pedasi is receiving its fair share of Panama's boomingWith the new 7-8 year, $5.4 billion Panama Canal
influx of visitors. Panama's Tourism Authority notes aexpansion plan approved, a spike in investment in the
steady growth of about 200,000 more annual visitorsarea will soon be seen -- not only in Pedasi but across
a year; and tourism in the country is expected to peakthe entire Azuero Peninsula. Retirement and
at about 2 million visitors in 2010. Because tourismeco-tourism investment opportunities are presenting
makes up about 12% of Panama's GDP, and becausethemselves on a daily basis in the region.