In the News from Panama

Tocumen Expects Record Traffic in 2023

After a “robust” 2022, Tocumen International Airport is expected to set new traffic records in 2023, airport authorities announced this week.

More than 15.7 million passengers passed through the “Hub of the Americas” last year, an increase of 6.6 million travelers from 2021. The airport also recovered more than 95% of the routes from before the COVID pandemic, Raffoul Arab, manager of the airport told reporters.

The big takeaway from the announcement: the growth trajectory is expected to continue in 2023. “We had a robust close of the year and, if that tendency remains through 2023, we estimate to surpass all the traffic records with over 16.8 million passengers,” Arab said.

This is an important statement for the market. Airport traffic is a strong indicator of business and tourism activity. Strong air traffic means more executives are working here and more tourists are experiencing the country’s beauty, which often translates into a stronger sales and rental real estate market.

A total of 24 airlines operate from Tocumen International, including Copa, Panama’s flagship airline, which connects to more than 70 destinations. Arab noted the launching of new destinations to cities in North and South America, which helped boost traffic in 2022. Tocumen also opened its Norman Foster-designed Terminal 2, which brought new gates and world-class service to the airport.

 As of January 2023, Tocumen International has around 1,212 weekly departures, Simple Flying reports.