 Although Americans and Canadians comprise the majority of the foreign community, there is also a large group of immigrants from Colombia and Venezuela, and the third-largest group of immigrants is from the European countries.This increase in immigrants has stimulated the growth of new industries and business, owned both by locals and foreigners.The most relevant industry is the hotel industry; there are currently over 50 accommodations in Boquete, ranging from 5 star resorts to backpacker's motels.