AirROI ranking · 202611 markets ranked
Best Places to Buy an Airbnb in Panamá Province, Panama (2026)
San Francisco is the best place to buy an Airbnb in Panamá Province in 2026, according to AirROI's ranking of 11 markets. Its listings averaged $18,100 in revenue over the 12 months to September 2026 and were booked on 51% of nights. It leads on the blend rather than on any one measure, placing 2nd of 11 for market size, 3rd of 11 for revenue per listing and 3rd of 11 for occupancy. Bella Vista and El Chorrillo come next.
- Markets tracked
- 17
- Active Airbnb listings
- 1,690
- Avg. revenue per listing
- $15,100
- Occupancy rate
- 46%
- Avg. nightly rate
- $110
- Revenue change, typical market
- +19%
The short answer
Panamá Province Airbnb Market at a Glance
Across Panamá Province, the 1,690 active Airbnb listings tracked by AirROI, a short-term-rental data firm, averaged $15,100 over the same period. They were booked on 46% of nights at about $110 a night; the ranking covers the 11 markets with at least 30 active listings. Revenue per listing rose in 9 of the 11 ranked markets with a comparable year of data, by 19% in the typical one.
The ranking weighs revenue per listing most, then occupancy and market size, then how evenly income spreads across the year and how it changed on the year. It reflects rental performance, not purchase prices or local short-term rental rules. How the ranking works.
Where the top 10 Airbnb markets in Panamá Province are
Each dot is one of the 17 markets AirROI tracks in Panamá Province, sized by active listings and coloured by average revenue per listing. Select a number to jump to its profile.
All money figures on this page are in US dollars.
Top 10
The Top 10 Airbnb Markets in Panamá Province
Each profile draws on the market's full AirROI report: how it earns, when in the year, who books and what sells. Monthly figures are averages per listing active in that month, so twelve of them add up to more than the annual average, which also counts listings that operated for only part of the year.
| # | Market | Avg. revenue | Occupancy |
|---|---|---|---|
 San Francisco Large market · High earnings | $18,100 | 51% | |
 Bella Vista Large market · Year-round demand | $16,600 | 50% | |
 El Chorrillo High earnings · High occupancy | $21,000 | 53% | |
| 4 |  Santa Ana High occupancy · Large market | $13,700 | 53% |
| 5 |  Saboga High earnings · Growing revenue | $20,600 | 30% |
| 6 |  Calidonia Year-round demand · Large market | $9,890 | 43% |
| 7 |  Ancón Large market · Growing revenue | $12,000 | 42% |
| 8 |  Bethania Growing revenue | $13,300 | 43% |
| 9 |  24 de Diciembre Year-round demand | $12,900 | 25% |
| 10 |  Parque Lefevre Growing revenue | $7,730 | 35% |
1. San Francisco
Known for: Large market · High earnings
Top-earning Airbnb listings in San Francisco - Avg. revenue
- $18,100 +24% vs. last year
- Occupancy
- 51%
- Nightly rate
- $110
- Active listings
- 289
Where it places among the 11 ranked markets in Panamá Province
- Revenue 3rd of 11
- Occupancy 3rd of 11
- Market size 2nd of 11
- Year-round 3rd of 11
- Growth 3rd of 11
- How it earns
- San Francisco fills more nights than most of Panamá Province: 51% of them, the third-highest occupancy of the 11 ranked markets, at about $110 a night. That adds up to $18,100 per listing over the year, the third-highest of the 11 ranked markets. A typical listing takes in about $1,790 a month; the top quarter clear $2,470 or more. Revenue per listing rose 24% over the year, the third-biggest gain in Panamá Province, helped by nightly rates 15% higher.
- When it earns
- Demand in San Francisco holds up through the year: September, the slowest month, still brings in about two-thirds of July's revenue.
- What sells
- The most common entire home has 1 bedroom (47% of entire homes), and apartments and condos make up 93% of supply.
- Who it suits
- It suits buyers who want income that holds up all year.
Revenue per listing by month
$2,440 $1,680- Median listing
- $1,790/mo
- Top 25% of listings
- $2,470+/mo
- Booked ahead
- 31 days
- Average stay
- 9 nights
- Most common home size
- 1 bedroom
- Superhosts
- 52%
2. Bella Vista
Known for: Large market · Year-round demand
Top-earning Airbnb listings in Bella Vista - Avg. revenue
- $16,600 +18% vs. last year
- Occupancy
- 50%
- Nightly rate
- $100
- Active listings
- 560
Where it places among the 11 ranked markets in Panamá Province
- Revenue 4th of 11
- Occupancy 4th of 11
- Market size 1st of 11
- Year-round 2nd of 11
- Growth 7th of 11
- How it earns
- Listings in Bella Vista are booked on 50% of nights, the fourth-highest occupancy of the 11 ranked markets, at about $100 a night. Listings averaged $16,600 in revenue over the year, the fourth-highest of the 11 ranked markets. In a typical month the median listing brings in about $1,530, and the best quarter clear $2,700. Revenue per listing rose 18% over the year, helped by nightly rates 9% higher.
- When it earns
- Bella Vista earns steadily through the year, from about $1,560 per listing in September to $2,140 in July.
- What sells
- One-bedroom homes lead the market (49% of entire homes), and apartments and condos make up 90% of supply.
- Who it suits
- Best for buyers who want income that holds up all year.
Revenue per listing by month
$2,140 $1,560- Median listing
- $1,530/mo
- Top 25% of listings
- $2,700+/mo
- Booked ahead
- 34 days
- Average stay
- 8 nights
- Most common home size
- 1 bedroom
- Superhosts
- 40%
Areas in the full report: El Cangrejo · Casco Viejo · Panama City Center
Full Bella Vista Airbnb report3. El Chorrillo
Known for: High earnings · High occupancy
Top-earning Airbnb listings in El Chorrillo - Avg. revenue
- $21,000 0% vs. last year
- Occupancy
- 53%
- Nightly rate
- $115
- Active listings
- 54
Where it places among the 11 ranked markets in Panamá Province
- Revenue 1st of 11
- Occupancy 1st of 11
- Market size 7th of 11
- Year-round 7th of 11
- Growth 9th of 11
- How it earns
- Demand runs high in El Chorrillo: 53% of nights booked, the highest occupancy of the 11 ranked markets, at about $115 a night. Average revenue per listing came to $21,000, the highest of the 11 ranked markets. Month to month, the median listing earns about $2,040 and a top-quarter listing $2,660 or more. With 54 listings it is a small market, so its averages can move more from year to year.
- When it earns
- El Chorrillo's season runs from December to March, peaking in December at about $2,620 per listing; September, the quietest month, brings in about $1,450. Stays are shorter than in most of Panamá Province, about 5 nights, so listings turn over often; guests book about 37 days ahead. Most hosts take one- or two-night bookings (91% of listings), more than in the typical market.
- The competition
- Professional managers run 59% of listings, against about 1% in the typical market in Panamá Province, and the largest operator runs 28 listings, so new hosts compete with polished operations.
- What sells
- Smaller places set the market: only 6% of entire homes have three or more bedrooms, against about 24% in the typical market in Panamá Province; apartments and condos make up 98% of supply.
- Who it suits
- A good fit for buyers who plan to use a professional manager or run a polished operation and prefer a smaller one- or two-bedroom place.
Revenue per listing by month
$2,620 $1,450- Median listing
- $2,040/mo
- Top 25% of listings
- $2,660+/mo
- Booked ahead
- 37 days
- Average stay
- 5 nights
- Most common home size
- 1 bedroom
- Superhosts
- 13%
4. Santa Ana
Known for: High occupancy · Large market
Top-earning Airbnb listings in Santa Ana - Avg. revenue
- $13,700 +19% vs. last year
- Occupancy
- 53%
- Nightly rate
- $79
- Active listings
- 104
Where it places among the 11 ranked markets in Panamá Province
- Revenue 5th of 11
- Occupancy 2nd of 11
- Market size 4th of 11
- Year-round 5th of 11
- Growth 6th of 11
- How it earns
- Santa Ana earns on volume. Rates run below the Panamá Province average at about $79 a night, but listings book 53% of nights. That adds up to $13,700 per listing over the year, the fifth-highest of the 11 ranked markets. A typical listing takes in about $1,190 a month; the top quarter clear $1,780 or more. Revenue per listing rose 19% over the year, helped by nightly rates 13% higher.
- When it earns
- Demand in Santa Ana holds up through the year: September, the slowest month, still brings in about two-thirds of March's revenue. Visits are quick, about 6 nights on average against 7 nights for the typical market in Panamá Province, booked about 30 days ahead. Most hosts take one- or two-night bookings (86% of listings), more than in the typical market.
- What sells
- Few listings are large: just 1% have three or more bedrooms, against about 24% in the typical market in Panamá Province; apartments and condos make up 97% of supply.
- Who it suits
- It suits buyers who plan to use a professional manager or run a polished operation and would rather price for occupancy than for rate.
Revenue per listing by month
$1,600 $1,010- Median listing
- $1,190/mo
- Top 25% of listings
- $1,780+/mo
- Booked ahead
- 30 days
- Average stay
- 6 nights
- Most common home size
- 1 bedroom
- Superhosts
- 37%
5. Saboga
Known for: High earnings · Growing revenue
Top-earning Airbnb listings in Saboga - Avg. revenue
- $20,600 +36% vs. last year
- Occupancy
- 30%
- Nightly rate
- $330
- Active listings
- 63
Where it places among the 11 ranked markets in Panamá Province
- Revenue 2nd of 11
- Occupancy 9th of 11
- Market size 6th of 11
- Year-round 11th of 11
- Growth 2nd of 11
- How it earns
- Saboga earns on price: guests pay about $330 a night, about three times the Panamá Province average. Listings averaged $20,600 in revenue over the year, the second-highest of the 11 ranked markets. In a typical month the median listing brings in about $2,010, and the best quarter clear $3,800. Revenue per listing rose 36% over the year, the second-biggest gain in Panamá Province on stronger bookings rather than higher rates. Its 63 listings make it one of the smaller ranked markets, so its figures are less settled than those of larger ones.
- When it earns
- Revenue in Saboga concentrates from December to April: March earns about $3,770 per listing, about 3.2 times as much as September. Guests book early, about 58 days ahead against roughly 33 for the typical market in Panamá Province, and stay about 4 nights. Most hosts take one- or two-night bookings (97% of listings), more than in the typical market.
- What sells
- Big homes are common: 45% of entire homes have three or more bedrooms, against about 24% in the typical market in Panamá Province, and houses make up 48% of supply.
- Who books
- Most guests come from abroad (84%), led by visitors from the United States, Canada and France.
- Who it suits
- Best for buyers who can furnish and price for a premium stay and can carry costs through a quiet September.
Revenue per listing by month
$3,770 $1,190- Median listing
- $2,010/mo
- Top 25% of listings
- $3,800+/mo
- Booked ahead
- 58 days
- Average stay
- 4 nights
- Most common home size
- 2 bedrooms
- Superhosts
- 48%
6. Calidonia
Known for: Year-round demand · Large market
Top-earning Airbnb listings in Calidonia - Avg. revenue
- $9,890 +3% vs. last year
- Occupancy
- 43%
- Nightly rate
- $75
- Active listings
- 193
Where it places among the 11 ranked markets in Panamá Province
- Revenue 10th of 11
- Occupancy 5th of 11
- Market size 3rd of 11
- Year-round 1st of 11
- Growth 8th of 11
- How it earns
- Calidonia is Panamá Province's third-largest Airbnb market, with 193 active listings to price against. Average revenue per listing came to $9,890, the tenth-highest of the 11 ranked markets. Its place at #6 rests on year-round demand (1st of 11) and market size (3rd of 11) rather than on revenue per listing. Month to month, the median listing earns about $995 and a top-quarter listing $1,780 or more.
- When it earns
- Calidonia earns steadily through the year, from about $1,060 per listing in September to $1,390 in January.
- What sells
- Smaller places set the market: only 1% of entire homes have three or more bedrooms, against about 24% in the typical market in Panamá Province; apartments and condos make up 82% of supply.
- Guest expectations
- Average ratings (4.68 stars) trail the typical market in Panamá Province (4.76), which leaves room for a well-run listing to stand out.
- Who it suits
- A good fit for buyers who want income that holds up all year and prefer a smaller one- or two-bedroom place.
Revenue per listing by month
$1,390 $1,060- Median listing
- $995/mo
- Top 25% of listings
- $1,780+/mo
- Booked ahead
- 33 days
- Average stay
- 8 nights
- Most common home size
- 1 bedroom
- Superhosts
- 28%
7. Ancón
Known for: Large market · Growing revenue
Top-earning Airbnb listings in Ancón - Avg. revenue
- $12,000 +22% vs. last year
- Occupancy
- 42%
- Nightly rate
- $95
- Active listings
- 103
Where it places among the 11 ranked markets in Panamá Province
- Revenue 8th of 11
- Occupancy 7th of 11
- Market size 5th of 11
- Year-round 6th of 11
- Growth 5th of 11
- How it earns
- Ancón is Panamá Province's fifth-largest Airbnb market, with 103 active listings to price against. Listings averaged $12,000 in revenue over the year, the eighth-highest of the 11 ranked markets. A typical listing takes in about $1,000 a month; the top quarter clear $1,760 or more. Revenue per listing rose 22% over the year, helped by nightly rates 10% higher.
- When it earns
- Demand in Ancón holds up through the year: September, the slowest month, still brings in about 61% of July's revenue.
- Who books
- Most guests come from abroad (84%), led by visitors from the United States, Canada and Colombia.
- What sells
- The most common entire home has 1 bedroom (39% of entire homes), and apartments and condos make up 56% of supply.
- Who it suits
- It suits buyers who want income that holds up all year.
Revenue per listing by month
$1,790 $1,090- Median listing
- $1,000/mo
- Top 25% of listings
- $1,760+/mo
- Booked ahead
- 40 days
- Average stay
- 8 nights
- Most common home size
- 1 bedroom
- Superhosts
- 58%
8. Bethania
Known for: Growing revenue
Top-earning Airbnb listings in Bethania - Avg. revenue
- $13,300 +23% vs. last year
- Occupancy
- 43%
- Nightly rate
- $94
- Active listings
- 48
Where it places among the 11 ranked markets in Panamá Province
- Revenue 6th of 11
- Occupancy 6th of 11
- Market size 9th of 11
- Year-round 10th of 11
- Growth 4th of 11
- How it earns
- Bethania listings charge about $94 a night, 15% below the Panamá Province average, and are booked on 43% of nights. Listings averaged $13,300 in revenue over the year, the sixth-highest of the 11 ranked markets. In a typical month the median listing brings in about $898, and the best quarter clear $1,640. Revenue per listing rose 23% over the year, helped by nightly rates 7% higher. With 48 listings it is a small market, so its averages can move more from year to year.
- When it earns
- Bethania has two seasons, June–August and December–January. July is the strongest month at about $2,390 per listing, and October the quietest at about $1,210. Trips run long, about 10 nights on average against 7 nights for the typical market in Panamá Province, booked about 38 days ahead.
- What sells
- Two-bedroom homes lead the market (49% of entire homes), and apartments and condos make up 69% of supply.
Revenue per listing by month
$2,390 $1,210- Median listing
- $898/mo
- Top 25% of listings
- $1,640+/mo
- Booked ahead
- 38 days
- Average stay
- 10 nights
- Most common home size
- 2 bedrooms
- Superhosts
- 42%
9. 24 de Diciembre
Known for: Year-round demand
Top-earning Airbnb listings in 24 de Diciembre - Avg. revenue
- $12,900 −4% vs. last year
- Occupancy
- 25%
- Nightly rate
- $175
- Active listings
- 31
Where it places among the 11 ranked markets in Panamá Province
- Revenue 7th of 11
- Occupancy 10th of 11
- Market size 11th of 11
- Year-round 4th of 11
- Growth 10th of 11
- How it earns
- Nightly rates set 24 de Diciembre apart: about $175, 58% above the Panamá Province average. Average revenue per listing came to $12,900, the seventh-highest of the 11 ranked markets. The gap between listings is wide: a typical one takes in about $894 a month, while the top quarter clear $1,820 and the top 10% $3,660, so pricing and presentation count for more here than in most of Panamá Province. Its 31 listings make it one of the smaller ranked markets, so its figures are less settled than those of larger ones.
- When it earns
- 24 de Diciembre earns steadily through the year, from about $1,280 per listing in June to $1,980 in November. Stays are shorter than in most of Panamá Province, about 3 nights, so listings turn over often; guests book about 30 days ahead. Most hosts take one- or two-night bookings (97% of listings), more than in the typical market.
- Who books
- Nearly half of guests (47%) travel from abroad, most often from the United States and Canada.
- What sells
- The most common entire home has 1 bedroom (37% of entire homes), and cabins, campers and other outdoor stays make up 48% of supply.
- Who it suits
- Best for buyers who can furnish and price for a premium stay and want income that holds up all year.
Revenue per listing by month
$1,980 $1,280- Median listing
- $894/mo
- Top 25% of listings
- $1,820+/mo
- Booked ahead
- 30 days
- Average stay
- 3 nights
- Guests from abroad
- 47%
- Most common home size
- 1 bedroom
10. Parque Lefevre
Known for: Growing revenue
Top-earning Airbnb listings in Parque Lefevre - Avg. revenue
- $7,730 +45% vs. last year
- Occupancy
- 35%
- Nightly rate
- $69
- Active listings
- 38
Where it places among the 11 ranked markets in Panamá Province
- Revenue 11th of 11
- Occupancy 8th of 11
- Market size 10th of 11
- Year-round 9th of 11
- Growth 1st of 11
- How it earns
- Parque Lefevre listings charge about $69 a night, 38% below the Panamá Province average, and are booked on 35% of nights. Moderate rates keep revenue per listing at $7,730, 49% below the Panamá Province average. Its place at #10 rests on revenue growth (1st of 11) rather than on revenue per listing. The gap between listings is wide: a typical one takes in about $765 a month, while the top quarter clear $1,580 and the top 10% $3,010, so pricing and presentation count for more here than in most of Panamá Province. Revenue per listing rose 45% over the year, the biggest gain in Panamá Province on stronger bookings rather than higher rates. With 38 listings it is a small market, so its averages can move more from year to year.
- When it earns
- Revenue in Parque Lefevre peaks twice, over June–August and again over January–March; August leads at about $1,300 per listing, while September brings in about $674. Guests book later than in most of Panamá Province, about 22 days ahead against roughly 33 for the typical market in Panamá Province, so pricing close to the date matters; stays average 7 nights.
- What sells
- Private rooms are a large part of supply (40% of listings), which pulls the average nightly rate down.
- Guest expectations
- Guests rate listings highly, 4.84 stars on average against 4.76 for the typical market in Panamá Province, so reviews set a high bar.
- Who it suits
- A good fit for buyers who are comfortable adjusting prices close to the date.
Revenue per listing by month
$1,300 $674- Median listing
- $765/mo
- Top 25% of listings
- $1,580+/mo
- Booked ahead
- 22 days
- Average stay
- 7 nights
- Most common home size
- 2 bedrooms
- Superhosts
- 45%
Full ranking
How All 11 Ranked Markets in Panamá Province Compare
The overall ranking with the five measures behind it. "Slow month" is a market's weakest month of revenue as a share of its best, so a higher figure means steadier income. Select a column heading to re-sort.
| San Francisco Large market, high earnings | $18,120 | 51% | $111 | 69% | +24% | 289 | |
| Bella Vista Large market, year-round demand | $16,609 | 50% | $101 | 73% | +18% | 560 | |
| El Chorrillo High earnings, high occupancy | $20,951 | 53% | $116 | 56% | 0% | 54 | |
| 4 | Santa Ana High occupancy, large market | $13,717 | 53% | $79 | 63% | +19% | 104 |
| 5 | Saboga High earnings, growing revenue | $20,637 | 30% | $328 | 32% | +36% | 63 |
| 6 | Calidonia Year-round demand, large market | $9,893 | 43% | $75 | 76% | +3% | 193 |
| 7 | Ancón Large market, growing revenue | $12,033 | 42% | $95 | 61% | +22% | 103 |
| 8 | Bethania Growing revenue | $13,256 | 43% | $94 | 51% | +23% | 48 |
| 9 | 24 de Diciembre Year-round demand | $12,913 | 25% | $175 | 65% | −4% | 31 |
| 10 | Parque Lefevre Growing revenue | $7,726 | 35% | $69 | 52% | +45% | 38 |
| 11 | Caimitillo | $11,836 | 24% | $178 | 54% | −13% | 52 |
By measure
Panamá Province Airbnb Markets Ranked by Revenue, Nightly Rate and Occupancy
The overall ranking balances five measures. These lists take one at a time, for buyers who care most about income, pricing power, bookings, a steady calendar, momentum or market size.
Highest-earning Airbnb markets in Panamá Province
Average annual revenue per active listing over the past 12 months. Markets with at least 60 listings.
| # | Market | Revenue |
|---|---|---|
| Saboga #5 overall | $20,600 | |
| San Francisco #1 overall | $18,100 | |
| Bella Vista #2 overall | $16,600 | |
| 4 | Santa Ana #4 overall | $13,700 |
| 5 | Ancón #7 overall | $12,000 |
| 6 | Calidonia #6 overall | $9,890 |
Most expensive Airbnb markets in Panamá Province by nightly rate
Average rate per booked night. A high rate earns most where occupancy holds up too. Markets with at least 60 listings.
| # | Market | Nightly |
|---|---|---|
| Saboga #5 overall | $330 | |
| San Francisco #1 overall | $110 | |
| Bella Vista #2 overall | $100 | |
| 4 | Ancón #7 overall | $95 |
| 5 | Santa Ana #4 overall | $79 |
| 6 | Calidonia #6 overall | $75 |
Highest-occupancy Airbnb markets in Panamá Province
Share of available nights booked over the past 12 months. Markets with at least 60 listings.
| # | Market | Occupancy |
|---|---|---|
| Santa Ana #4 overall | 53% | |
| San Francisco #1 overall | 51% | |
| Bella Vista #2 overall | 50% | |
| 4 | Calidonia #6 overall | 43% |
| 5 | Ancón #7 overall | 42% |
| 6 | Saboga #5 overall | 30% |
Most year-round Airbnb markets in Panamá Province
Revenue in the slowest month as a share of the best month, so a higher figure means steadier income. Markets with at least 60 listings.
| # | Market | Slow month |
|---|---|---|
| Calidonia #6 overall | 76% | |
| Bella Vista #2 overall | 73% | |
| San Francisco #1 overall | 69% | |
| 4 | Santa Ana #4 overall | 63% |
| 5 | Ancón #7 overall | 61% |
| 6 | Saboga #5 overall | 32% |
Fastest-growing Airbnb markets in Panamá Province
Change in revenue per listing from the year before, among markets where it rose. Markets with at least 60 listings.
| # | Market | Change |
|---|---|---|
| Saboga #5 overall | +36% | |
| San Francisco #1 overall | +24% | |
| Ancón #7 overall | +22% | |
| 4 | Santa Ana #4 overall | +19% |
| 5 | Bella Vista #2 overall | +18% |
| 6 | Calidonia #6 overall | +3% |
Largest Airbnb markets in Panamá Province
Active listings. Bigger markets have more comparable rentals to price against and more buyers at resale.
| # | Market | Listings |
|---|---|---|
| Bella Vista #2 overall | 560 | |
| San Francisco #1 overall | 289 | |
| Calidonia #6 overall | 193 | |
| 4 | Santa Ana #4 overall | 104 |
| 5 | Ancón #7 overall | 103 |
| 6 | Saboga #5 overall | 63 |
| 7 | El Chorrillo #3 overall | 54 |
| 8 | Caimitillo #11 overall | 52 |
| 9 | Bethania #8 overall | 48 |
| 10 | Parque Lefevre #10 overall | 38 |
| 11 | 24 de Diciembre #9 overall | 31 |
Seasonality
When Airbnbs in Panamá Province Earn the Most
No single month dominates in Panamá Province: July is the peak for 5 of the 11 ranked markets and March for 2. September is the most common slowest month, in 9 markets.
July earns about 1.5 times what September does
Average revenue per listing across the 11 ranked markets in Panamá Province, by month
| Month | Avg. revenue per listing | Best month for | Highest-ranked examples |
|---|---|---|---|
| January | $1,920 | 1 market | Calidonia |
| February | $1,830 | – | – |
| March | $1,900 | 2 markets | Santa Ana, Saboga |
| April | $1,680 | – | – |
| May | $1,610 | – | – |
| June | $1,670 | – | – |
| July | $2,010 | 5 markets | San Francisco, Bella Vista, Ancón |
| August | $1,870 | 1 market | Parque Lefevre |
| September | $1,380 | – | – |
| October | $1,490 | – | – |
| November | $1,510 | 1 market | 24 de Diciembre |
| December | $1,810 | 1 market | El Chorrillo |
Average revenue is per listing across the ranked markets, the line in the chart above. "Best month for" counts the ranked markets whose own revenue peaks in that month.
Method
How the Ranking Works
The ranking covers the 11 markets in Panamá Province with at least 30 active Airbnb listings and data through September 2026. Each market is compared with the others on five measures, and markets are ordered by a weighted blend of where they place on each:
- Revenue per listing (35%): average revenue an active listing earned over the past 12 months.
- Occupancy (20%): share of available nights that were booked.
- Market size (20%): active listings. Bigger markets offer more comparable rentals to price against and more buyers when you sell.
- Year-round demand (15%): revenue in the slowest month as a share of the best month. The latest month is left out when its bookings look incomplete.
- Growth (10%): change in revenue per listing from the year before. Markets whose boundaries changed between years are scored in the middle.
Left out: 4 markets whose data predate the latest refresh. The score measures how rentals perform. It does not include purchase prices, financing, operating costs or local short-term rental rules, which vary by address and should be checked before buying. Figures are in US dollars and match each market's own report; see the data methodology for how listings are tracked.
To check one property before buying, run its address and size through the Airbnb calculator for a revenue, occupancy and nightly-rate range from comparable listings.
FAQ
Frequently Asked Questions About Airbnb Investing in Panamá Province
What is the best place to buy an Airbnb in Panamá Province?
San Francisco ranks first of the 11 markets in Panamá Province in AirROI's ranking, with US$18,100 in average revenue per listing and 51% occupancy. Bella Vista and El Chorrillo follow. The ranking weighs revenue, occupancy, market size, seasonality and growth; it leaves out purchase prices.
What are the most profitable Airbnb locations in Panamá Province?
By revenue per listing, among markets with at least 60 listings, Saboga leads at US$20,600 a year, ahead of San Francisco at US$18,100. Profit also depends on what a property costs to buy and run, which varies far more between markets than revenue does.
How much does an Airbnb make in Panamá Province?
The average active listing in Panamá Province earned US$15,100 over the 12 months to September 2026, at 46% occupancy. Across the ranked markets, the middle half averaged between US$11,800 and US$16,600 per listing. Averages include listings that operated for only part of the year, so a listing rented all year typically earns more.
What is a good Airbnb occupancy rate in Panamá Province?
The average listing in Panamá Province was booked on 46% of available nights over the past 12 months. Half of the ranked markets fall between 30% and 50%, so a market above about 50% sits in the top quarter. Occupancy is only half the picture: a market with lower occupancy can still earn more if its nightly rates are higher.
Where is Airbnb demand highest in Panamá Province?
Among ranked markets with at least 60 listings, Santa Ana has the highest occupancy, with 53% of available nights booked, followed by San Francisco at 51%. Its listings average about US$79 a night and US$13,700 a year.
Where are Airbnb nightly rates highest in Panamá Province?
Among ranked markets with at least 60 listings, Saboga has the highest average nightly rate, about US$330, followed by San Francisco at US$110. Calidonia is the least expensive, at about US$75. The average booked night in Panamá Province costs about US$110.
What is the best month for Airbnb in Panamá Province?
July is the highest-earning month for 5 of the 11 ranked markets, followed by March (2). September is the most common slowest month, in 9 of the 11 markets. Each market's report shows its own month-by-month revenue, occupancy and rates.
Which Airbnb markets in Panamá Province earn the most evenly through the year?
Among ranked markets with at least 60 listings, Calidonia has the steadiest income: its slowest month, September, still earns about three-quarters of its best. Bella Vista follows, at 73%. Steadier markets are easier to budget for, though they do not always earn the most per listing.
Which Airbnb markets are growing fastest in Panamá Province?
Among ranked markets with at least 60 listings, revenue per listing grew most in Saboga, up 36% on the year before, and in San Francisco, up 24%. A single strong year can reflect events or new supply, so it is worth checking a market's monthly trend before relying on it.
Is Airbnb still profitable in Panamá Province in 2026?
Revenue per listing grew in 9 of the 11 ranked markets with a comparable year of data; in the typical market it rose 19%. Whether a given property profits depends on its purchase price, financing and running costs.
How many Airbnb listings are there in Panamá Province?
AirROI tracked 1,690 active Airbnb listings in Panamá Province over the 12 months to September 2026, across 17 markets. The largest ranked market is Bella Vista, with 560 listings, followed by San Francisco with 289.
Directory
All 17 Airbnb Markets in Panamá Province
Every Panamá Province city with an AirROI Airbnb market report, A–Z, with its active listing count.
#
- 24 de Diciembre 31 listings
A
- Ancón 103 listings
B
- Bella Vista 560 listings
- Bethania 48 listings
C
- Caimitillo 52 listings
- Calidonia 193 listings
D
- Don Bosco 20 listings
E
- El Chorrillo 54 listings
J
- Juan Díaz 18 listings
P
- Panama City 38 listings
- Parque Lefevre 38 listings
- Pueblo Nuevo 28 listings
S
- Saboga 63 listings
- San Francisco 289 listings
- Santa Ana 104 listings