This year鈥檚 Carnival has come and gone, and as we close out the week, the city and the country prepares to get back to business as usual. The four-day annual festival is a focal point for Panamanian culture, as locals from around the country celebrate with elaborate parades, outdoor concerts, and sponsored events spread throughout the nation. It鈥檚 also a major tourism event, making it the busiest week for the country鈥檚 hotels, restaurants, and private transportation services. According to the Panama Tourism Authority, this year鈥檚 Carnival alone brought in roughly 1.3 million tourists 鈥 both foreign and domestic 鈥 into the city.
In recent years, the city of Panama has made some big investments into promoting its marquis event in the capital, and it shows. The city鈥檚 Carnival celebration is held on the Cinta Costera, and along Ave. Balboa, which runs the length of downtown Panama City along the Pacific coastline. The goal is to provide a multicultural, safe, and fun environment for urban residents and tourists who either choose not to, or can鈥檛 afford to travel to the interior.
This year, the city鈥檚 Carnival celebration was dubbed 鈥淐arnival Metro City鈥, in honor of the city鈥檚 new metro (subway) system, slated to open next month. This is the third year the city has thrown this event, and when you look at the numbers, it鈥檚 easy to see why it鈥檚 been so important.
Let鈥檚 Look at the Numbers:
According to early estimates, this week鈥檚 Carnival Metro City generated $164 million in total revenue for local businesses, specifically in the tourism sector. The Panamanian Hotel Association estimates that $104 million of this revenue was created by hotels, which were estimated at 95-100% capacity over the four-day period. These numbers are even more impressive when you take into account that many local businesses that aren鈥檛 in the tourism sector remain closed for all four days, or even the entire week.
Carnival Metro City has also been a great way for city officials and the national government to show off the latest improvements to the Cinta Costera, the 5-mile pedestrian-only coastal strip that runs along the coastline and Ave. Balboa. The Cinta Costera is now in 鈥減hase 3鈥 of a massive infrastructural overhaul, that aims to reduce urban traffic, reduce noise pollution, and provide a safe green space for the city鈥檚 residents and visitors. During the Carnival celebrations, about a third of the Cinta Costera is cordoned off for open-air vendors, music, and various celebrations, with the entirety of Ave. Balboa closed off to traffic.
This year鈥檚 event boasted over 150 independent cart vendors, as well as three stages, with live music from 129 local artists, as well as international acts, performing over the course of four days and nights. Events ran on a rather tight schedule, and the city鈥檚 police force was out en masse to make sure law and order were maintained. According to Salom贸n Shamah, who heads the Panamanian Tourism Authority, reports of property damage and crime were minimal, and 鈥渨ere insignificant鈥 when compared to the scale of the event.
By all measures, 2014 was a great year for Carnival Metro City, and officials plan on continuing this trend and improving each year as the event, and city grows. With the anticipated opening of the Metro (Subway) in April, national elections in May, and the new additions to the canal set to open in 2015, the bar will be set even higher next year. Hopes are high that with this type of success, the city鈥檚 Carnival will become a sustainable example of national pride, and economic success for many years to come.
