Panama City, Panamá Province Airbnb Market Data 2025: STR Report & Statistics
How much can you earn on Airbnb in Panama City, Panamá Province? Based on AirROI's 2025 dataset (November 2024 – October 2025), the short answer is $36,190 per year — at a $176 nightly rate, 53.5% occupancy, and a N/A RevPAR.
With just 38 active listings, Panama City is a micro-market where solid booking activity throughout the year. Supply grew 58.3% over the past year, yet revenue and nightly rates both trended upward — a signal that traveler demand is outpacing new inventory rather than being diluted by it. For hosts, pricing power remains intact even as competition increases.
Regulation is low with minimal registration requirements, pointing to an operator-friendly environment. In a market this size, differentiated listings with strong reviews can capture outsized returns relative to the competition.
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What Are the Key Airbnb Metrics in Panama City?
In Panama City, the headline Airbnb metrics are $36,190 in average annual revenue,53.5% occupancy, $176 ADR, and $0 in RevPAR, and guests book about 37 days in advance.
How Much Do Airbnb Hosts Earn Monthly in Panama City?
Understanding the monthly revenue variations for Airbnb listings in Panama City is key to maximizing your short term rental income potential. Seasonality significantly impacts earnings. Our analysis, based on data from the past 12 months, shows that the peak revenue month for STRs in Panama City is typically January, while September often presents the lowest earnings, highlighting opportunities for strategic pricing adjustments during shoulder and low seasons. Explore the typical Airbnb income in Panama City across different performance tiers:
- Best-in-class properties (Top 10%) achieve $5,922+ monthly, often utilizing dynamic pricing and superior guest experiences.
- Strong performing properties (Top 25%) earn $3,196 or more, indicating effective management and desirable locations/amenities.
- Typical properties (Median) generate around $2,112 per month, representing the average market performance.
- Entry-level properties (Bottom 25%) see earnings around $1,196, often with potential for optimization.
Average Monthly Airbnb Earnings Trend in Panama City
What Is the Monthly Airbnb Occupancy Rate in Panama City?
Maximize your bookings by understanding the Panama City STR occupancy trends. Seasonal demand shifts significantly influence how often properties are booked. Typically, Januarysees the highest demand (peak season occupancy), while October experiences the lowest (low season). Effective strategies, like adjusting minimum stays or offering promotions, can boost occupancy during slower periods. Here's how different property tiers perform in Panama City:
- Best-in-class properties (Top 10%) achieve 84%+ occupancy, indicating high desirability and potentially optimized availability.
- Strong performing properties (Top 25%) maintain 72% or higher occupancy, suggesting good market fit and guest satisfaction.
- Typical properties (Median) have an occupancy rate around 57%.
- Entry-level properties (Bottom 25%) average 36% occupancy, potentially facing higher vacancy.
Average Monthly Occupancy Rate Trend in Panama City
What Is the Average Airbnb Nightly Rate in Panama City?
Effective short term rental pricing strategy in Panama City involves understanding monthly ADR fluctuations. The Average Daily Rate (ADR) for Airbnb in Panama City typically peaks in January and dips lowest during September. Leveraging Airbnb dynamic pricing tools or strategies based on this seasonality can significantly boost revenue. Here's a look at the typical nightly rates achieved:
- Best-in-class properties (Top 10%) command rates of $218+ per night, often due to premium features or locations.
- Strong performing properties (Top 25%) achieve nightly rates of $143 or more.
- Typical properties (Median) charge around $112 per night.
- Entry-level properties (Bottom 25%) earn around $85 per night.
Average Daily Rate (ADR) Trend by Month in Panama City
What Is the RevPAR for Airbnb in Panama City?
RevPAR in Panama City is currently N/A. Because RevPAR combines nightly rates with realized occupancy, it is one of the cleanest ways to compare how efficiently listings turn demand into revenue across the market.
- Entry-level properties (Bottom 25%) see N/A RevPAR.
- Typical properties (Median) generate N/A RevPAR.
- Strong performers (Top 25%) earn N/A RevPAR.
- Best-in-class (Top 10%) achieve N/A RevPAR.
Average Monthly RevPAR Trend in Panama City
RevPAR Insights for Panama City
- RevPAR peaks in Jan and bottoms out in Jan, mirroring the broader seasonal demand pattern and suggesting opportunities for dynamic pricing.
Recommendations for Hosts
- Track your own RevPAR monthly against these Panama City benchmarks. If your RevPAR falls below the median of N/A, examine whether low occupancy or low ADR is the primary drag.
- Use RevPAR rather than revenue alone when comparing properties of different sizes — it normalizes for available nights and gives a more accurate picture of performance.
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When Is the Peak Season for Airbnb in Panama City?
Panama City's peak Airbnb season falls in January, March, December, while the softest stretch is July, September, October. Overall, the market shows highly seasonal trends requiring careful strategy, which should guide pricing, minimum stays, and cash-flow planning.
Peak Season (January, March, December)
- Revenue averages $4,263 per month
- Occupancy rates average 66.0%
- Daily rates average $159
Shoulder Season
- Revenue averages $2,899 per month
- Occupancy maintains around 52.3%
- Daily rates hold near $145
Low Season (July, September, October)
- Revenue drops to average $2,043 per month
- Occupancy decreases to average 48.9%
- Daily rates adjust to average $123
Seasonality Insights for Panama City
- Airbnb seasonality in Panama City is pronounced. Revenue swings sharply between peak and low months, which means pricing strategy, minimum-stay settings, and cash reserves all need to account for extended slower periods.
- During the high season, the absolute peak month showcases Panama City's highest earning potential, with monthly revenues climbing to $4,572, occupancy reaching 69.8%, and ADRs peaking at $160.
- Conversely, the slowest single month marks the market's lowest point — revenue may dip to $1,956, occupancy could drop to 46.0%, and ADRs may adjust to $120.
- Understanding both the seasonal averages and these monthly peaks and troughs in revenue, occupancy, and ADR is crucial for maximizing your Airbnb profit potential in Panama City.
Seasonal Strategies for Maximizing Profit
- Peak Season: Maximize revenue through premium pricing and potentially longer minimum stays. Ensure high availability and consider tightening cancellation policies to reduce last-minute gaps.
- Low Season: Offer competitive pricing, extended-stay discounts, and flexible cancellation policies. Target off-season travelers like remote workers, budget-conscious guests, and travelers with flexible schedules.
- Shoulder Seasons: Implement dynamic pricing that bridges peak and low rates. Target weekend travelers, local events, and business visitors. Slightly more flexible terms than peak season can help maintain occupancy without deep discounting.
- In a highly seasonal market like Panama City, building a cash reserve during the top months is essential for covering fixed costs during the slow period. Automated pricing tools can help capture demand shifts in real time.
Do You Need a License for Airbnb in Panama City?
Low regulation and minimal registration activity in Panama City, Panamá Province, Panama point to an operator-friendly environment. That said, even low-regulation markets may have tax collection requirements, safety standards, or HOA rules that affect short-term rental operations. Always verify the latest short-term rental regulations and Airbnb license requirements directly with local government authorities for Panama City to ensure full compliance before hosting.
(Source: AirROI data, 2026, finding no licensed listings among those analyzed)
What Are the Best Neighborhoods for Airbnb in Panama City?
With a compact short-term rental market, Panama City gives early-mover hosts an advantage in the right neighborhoods. The areas listed below are where guest demand and local attractions converge — a useful lens for investors evaluating whether to enter this market and where to position their listing.
| Neighborhood / Area | Why Host Here? (Target Guests & Appeal) | Key Attractions & Landmarks |
|---|---|---|
| Casco Viejo | Historic district with colonial architecture, vibrant nightlife, and cultural attractions. It's a UNESCO World Heritage site popular with tourists for its restaurants, bars, and historical significance. | Plaza de Francia, Metropolitan Cathedral, Church of San José, Museo del Canal Interoceánico, Cerro Ancon |
| Avenida Balboa | Iconic waterfront promenade with beautiful views of the Panama City skyline. It's a popular area for both locals and tourists, with plenty of parks and beach access. | Cinta Costera, Parque Urracá, Hard Rock Hotel, Marina Balboa, Multiparque |
| Obarrio | Business district known for upscale dining and shopping. This area attracts business travelers and expatriates due to its central location and amenities. | Multiplaza Pacific Mall, Café Coca Cola, Parque Omar, Historic Church of San José |
| El Cangrejo | Trendy neighborhood known for its nightlife and cultural scene. It's popular among younger crowds and expatriates, offering a laid-back vibe with plenty of bars and restaurants. | Paseo de Los Estudiantes, Habitat Panama, Casa Casco, Café Ocho |
| Punta Paitilla | High-end residential area with luxury apartments and beautiful ocean views. It attracts tourists looking for upscale accommodations and proximity to the beach. | Punta Paitilla Mall, Veneto Hotel & Casino, Coastal Beltway |
| Bella Vista | Cultural and residential area with various dining options, parks, and proximity to entertainment, making it a great area for visitors seeking a local experience. | Parque Bellavista, Teatro Nacional, Sobre el Mar Restaurant |
| San Francisco | Dynamic neighborhood known for its mix of business and leisure. Popular with families and professionals, close to amenities and recreational areas. | Parque Omar, Cinepolis Multiplaza, Paitilla Hospital |
| Ancon Hill | Natural park offering hiking trails and panoramic views of Panama City. Great for eco-tourists and those looking for outdoor activities within the city. | Cerro Ancon, Pathways and Lookout Points |
With 8 distinct neighborhoods showing meaningful short-term rental activity, Panama City offers diversification within a single market. Investors can tailor their strategy — from high-turnover tourist zones to quieter residential areas that attract longer stays and remote workers.
What Types of Properties Are on Airbnb in Panama City?
Room Type Distribution
Property Type Distribution
Market Composition Insights for Panama City
- The Panama City Airbnb market composition is heavily skewed towards Entire Home/Apt listings, which make up 92.1% of the 38 active rentals. This indicates strong guest preference for privacy and space.
- Looking at the property type distribution in Panama City, Apartment/Condo properties are the most common (86.8%), reflecting the local real estate landscape.
- Smaller segments like others (combined 2.6%) offer potential for unique stay experiences.
Panama City Airbnb Room Capacity Analysis (2026): Bedroom Distribution
Distribution of Listings by Number of Bedrooms
Room Capacity Insights for Panama City
- The dominant room capacity in Panama City is 1 bedroom listings, making up 55.3% of the market. This suggests a strong demand for properties suitable for couples or solo travelers.
- Together, 1 bedroom and 2 bedrooms properties represent 76.4% of the active Airbnb listings in Panama City, indicating a high concentration in these sizes.
- With over half the market (55.3%) consisting of studios or 1-bedroom units, Panama City is particularly well-suited for individuals or couples.
Panama City Vacation Rental Guest Capacity Trends (2026)
Distribution of Listings by Guest Capacity
Guest Capacity Insights for Panama City
- The most common guest capacity trend in Panama City vacation rentals is listings accommodating 4 guests (31.6%). This suggests the primary traveler segment is likely small families or groups.
- Properties designed for 4 guests and 2 guests dominate the Panama City STR market, accounting for 60.5% of listings.
- 21.0% of properties accommodate 6+ guests, serving the market segment for larger families or group travel in Panama City.
- On average, properties in Panama City are equipped to host 3.8 guests.
What Amenities Do Airbnb Guests Expect in Panama City?
Amenity Prevalence
Amenity Insights for Panama City
- Essential amenities in Panama City that guests expect include: TV, Wifi, Air conditioning, Dishes and silverware, Kitchen. Lacking these (any) could significantly impact bookings.
- Popular amenities like Cooking basics, Hangers, Microwave are common but not universal. Offering these can provide a competitive edge.
Recommendations for Hosts
- Ensure your listing includes all essential amenities for Panama City: TV, Wifi, Air conditioning, Dishes and silverware, Kitchen.
- Prioritize adding missing essentials: Dishes and silverware, Kitchen.
- Consider adding popular differentiators like Cooking basics or Hangers to increase appeal.
- Highlight unique or less common amenities you offer (e.g., hot tub, dedicated workspace, EV charger) in your listing description and photos.
- Regularly check competitor amenities in Panama City to stay competitive.
Dive Deeper: Advanced Panama City STR Market Data (2026)
Ready to unlock more insights? AirROI provides access to advanced metrics and comprehensive Airbnb data for Panama City. Explore detailed analytics beyond this report to refine your investment strategy, optimize pricing, and maximize your vacation rental profits.
Explore Advanced MetricsPanama City Airbnb Guest Demographics & Profile Analysis (2026)
Guest Profile Summary for Panama City
- The typical guest profile for Airbnb in Panama City consists of predominantly international visitors (91%), with top international origins including Panama, typically belonging to the Post-2000s (Gen Z/Alpha) group (50%), primarily speaking English or Spanish.
- Domestic travelers account for 8.7% of guests.
- Key international markets include United States (59.4%) and Panama (8.7%).
- Top languages spoken are English (50.3%) followed by Spanish (25.2%).
- A significant demographic segment is the Post-2000s (Gen Z/Alpha) group, representing 50% of guests.
Recommendations for Hosts
- Focus marketing internationally, particularly towards travelers from Panama.
- Tailor amenities and listing descriptions to appeal to the dominant Post-2000s (Gen Z/Alpha) demographic (e.g., highlight fast WiFi, smart home features, local guides).
- Highlight unique local experiences or amenities relevant to the primary guest profile.
- Consider seasonal promotions aligned with peak travel times for key origin markets.
Panama City Airbnb Booking Patterns (2026): Available vs. Booked Days
Available Days Distribution
Booked Days Distribution
Booking Pattern Insights for Panama City
- The most common availability pattern in Panama City falls within the 91-180 days range, representing 44.7% of listings. This suggests many properties have significant open periods on their calendars.
- Approximately 47.4% of listings show high availability (181+ days open annually), indicating potential for increased bookings or specific owner usage patterns.
- For booked days, the 181-270 days range is most frequent in Panama City (42.1%), reflecting common guest stay durations or potential owner blocking patterns.
- A notable 52.6% of properties secure long booking periods (181+ days booked per year), highlighting successful long-term rental strategies or significant owner usage.
How Far in Advance Do Guests Book Airbnb in Panama City?
Average Booking Lead Time by Month
Booking Lead Time Insights for Panama City
- The overall average booking lead time for vacation rentals in Panama City is 37 days.
- Guests book furthest in advance for stays during February (average 49 days), likely coinciding with peak travel demand or local events.
- The shortest booking windows occur for stays in July (average 20 days), indicating more last-minute travel plans during this time.
- Seasonally, Winter (43 days avg.) sees the longest lead times, while Summer (26 days avg.) has the shortest, reflecting typical travel planning cycles.
Recommendations for Hosts
- Use the overall average lead time (37 days) as a baseline for your pricing and availability strategy in Panama City.
- For February stays, consider implementing length-of-stay discounts or slightly higher rates for bookings made less than 49 days out to capitalize on advance planning.
- Target marketing efforts for the Winter season well in advance (at least 43 days) to capture early planners.
- Monitor your own booking lead times against these Panama City averages to identify opportunities for dynamic pricing adjustments.
Panama City Airbnb Minimum Stay Requirements Analysis
Distribution of Listings by Minimum Night Requirement
1 Night
10 listings
26.3% of total
2 Nights
8 listings
21.1% of total
3 Nights
1 listings
2.6% of total
30+ Nights
19 listings
50% of total
Key Insights
- The most prevalent minimum stay requirement in Panama City is 30+ Nights, adopted by 50% of listings. This highlights the market's preference for longer commitments.
- A significant segment (50%) caters to monthly stays (30+ nights) in Panama City, pointing to opportunities in the extended-stay market.
Recommendations
- Align with the market by considering a 30+ Nights minimum stay, as 50% of Panama City hosts use this setting.
- If feasible, allowing 1-night stays, especially midweek or during low season, could capture last-minute bookings, as only 26.3% currently do.
- Explore offering discounts for stays of 30+ nights to attract the 50% of the market seeking extended stays.
- Adjust minimum nights based on seasonality – potentially shorter during low season and longer during peak demand periods in Panama City.
Panama City Airbnb Cancellation Policy Trends Analysis (2026)
Flexible
2 listings
5.3% of total
Moderate
19 listings
50% of total
Firm
16 listings
42.1% of total
Strict
1 listings
2.6% of total
Cancellation Policy Insights for Panama City
- The prevailing Airbnb cancellation policy trend in Panama City is Moderate, used by 50% of listings.
- There's a relatively balanced mix between guest-friendly (55.3%) and stricter (44.7%) policies, offering choices for different guest needs.
- Strict cancellation policies are quite rare (2.6%), potentially making listings with this policy less competitive unless justified by high demand or property type.
Recommendations for Hosts
- Consider adopting a Moderate policy to align with the 50% market standard in Panama City.
- Using a Strict policy might deter some guests, as only 2.6% of listings use it. Evaluate if potential revenue protection outweighs possible lower booking rates.
- Regularly review your cancellation policy against competitors and market demand shifts in Panama City.
What Do the Top Airbnb Listings in Panama City Look Like?
Benchmark your potential! Explore examples of top-performing Airbnb properties in Panama Citybased on Trailing Twelve Month (TTM) revenue. Analyze their characteristics, revenue, occupancy rate, and ADR to understand what drives success in this market.
Penthouse with rooftop and pool 5 rooms Di5
Entire Place • 5 bedrooms
Penthouse Deluxe, 360º views and glass pool
Entire Place • 4 bedrooms
Casa AcoModo @Casco Viejo (4BR Historic Mansion)
Entire Place • 4 bedrooms
A Charming Colonial House in Casco Antiguo
Entire Place • 3 bedrooms
Jacuzzi in colonial ruins in beautiful apartment
Entire Place • 1 bedroom
The Family by AcoModo @Casco Viejo
Entire Place • 2 bedrooms
Note: Performance varies based on location, size, amenities, seasonality, and management quality. Data reflects the past 12 months.
Who Are the Top Airbnb Hosts in Panama City?
Learn from the best! This table showcases top-performing Airbnb hosts in Panama City based on the number of properties managed and estimated total revenue over the past year. Analyze their scale and performance metrics.
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Mauricio | 8 | $573,685 | 1718 | 4.69/5.0 |
| AcoModo | 11 | $350,887 | 303 | 4.69/5.0 |
| Isabel | 4 | $122,336 | 245 | 4.88/5.0 |
| Marc | 1 | $78,117 | 14 | 4.93/5.0 |
| Israel | 2 | $59,054 | 114 | 4.79/5.0 |
| Natali | 1 | $35,265 | 72 | 5.00/5.0 |
| Paulo | 1 | $32,499 | 19 | 4.89/5.0 |
| Shiri | 1 | $25,727 | 80 | 4.96/5.0 |
| July | 1 | $17,880 | 22 | 4.86/5.0 |
| Patricia Nicolle | 1 | $13,376 | 8 | 5.00/5.0 |
Analyzing the strategies of top hosts, such as their property selection, pricing, and guest communication, can offer valuable lessons for optimizing your own Airbnb operations in Panama City.
How Does Panama City's Airbnb Market Compare to Nearby Cities?
How does the Panama City Airbnb market stack up against its neighbors? Compare key performance metrics like average monthly revenue, ADR, and occupancy rates in surrounding areas to understand the broader regional STR landscape.
Compared with Panamá, Panama City has 0 percentage points higher occupancy and about $30 higher ADR. That helps frame whether this market is winning more on demand, pricing, or both.
| Market | Active Properties | Monthly Revenue | Daily Rate | Avg. Occupancy |
|---|---|---|---|---|
| Buenaventura | 22 | $5,174 | $542.29 | 34% |
| Maria Chiquita | 57 | $4,892 | $437.73 | 39% |
| Las Escobas del Venado | 59 | $2,901 | $297.23 | 40% |
| Playa Venao | 67 | $2,599 | $297.65 | 36% |
| Panamá | 225 | $2,270 | $145.94 | 54% |
| San Blas Islands | 30 | $2,249 | $414.63 | 28% |
| Narganá | 18 | $2,207 | $467.93 | 22% |
| El Chirú | 65 | $2,125 | $350.99 | 29% |
| Altos del Maria | 20 | $1,884 | $185.49 | 40% |
| Saboga | 67 | $1,825 | $346.44 | 25% |
Frequently Asked Questions About Airbnb in Panama City
These quick answers summarize the most common investor and operator questions using AirROI's latest market data for Panama City.
How much do Airbnb hosts make in Panama City?
Panama City hosts earn about $36,190 per year on average, with an average nightly rate of $176 and RevPAR of N/A. Those figures describe the typical revenue environment for active listings in Panama City, Panamá Province, not the ceiling for the best operators. Source: AirROI 2025 data, Panama City market, November 2024 to October 2025.
What is the average Airbnb occupancy rate in Panama City?
The average Airbnb occupancy rate in Panama City is 53.5%. January is the strongest month and September is the softest, so hosts should expect demand to move meaningfully throughout the year rather than stay flat.
What is the average Airbnb daily rate in Panama City?
Listings in Panama City average $176 per night. The broader pricing spread also matters: lower-performing listings cluster closer to the lower quartiles, while premium homes can price materially above the city average when demand spikes or listing quality stands out.
How many Airbnb listings are active in Panama City?
Panama City currently has about 38 active Airbnb listings in AirROI's market dataset. That supply count helps explain how competitive the market is, how much depth there is for benchmarking, and whether the market behaves like a niche destination or a scaled urban market.
How strict are short-term rental regulations in Panama City?
AirROI currently classifies the short-term rental regulation level in Panama City as Low. The dataset also shows about 0.0% of listings with registration evidence. That is a market signal, not legal advice, so hosts should still confirm current licensing and compliance rules locally before listing.
What is the RevPAR for Airbnb in Panama City?
RevPAR in Panama City is about N/A. That metric combines pricing and occupancy into one efficiency number, so it is often a better quick benchmark than ADR alone when investors want to compare how well listings convert nightly rates into realized revenue.
Is Airbnb profitable in Panama City?
At 53.5% occupancy, Panama City can be profitable — but margins depend heavily on operating costs, property acquisition price, and how well hosts optimize pricing across seasons. Average annual revenue is $36,190, but individual returns depend on property type, location within the city, and the host's operating efficiency.
How far in advance do guests book Airbnb in Panama City?
The average booking lead time in Panama City is about 37 days — a moderate lead time that gives hosts planning visibility while still benefiting from last-minute bookings. Hosts who understand their market's booking cadence can adjust minimum stays and pricing windows accordingly.
What are the best neighborhoods for Airbnb in Panama City?
Based on AirROI's analysis, some of the top neighborhoods for short-term rentals in Panama City include Casco Viejo, Avenida Balboa, Obarrio. Each area attracts different guest profiles — from business travelers to leisure visitors — so the best location depends on the property type and target audience a host is aiming for. See the full neighborhood breakdown above.
What type of property performs best on Airbnb in Panama City?
entire_home listings make up 92.1% of the active supply in Panama City. The most common configuration does not always mean the most profitable — operators who identify underserved property types or bedroom counts can sometimes outperform the market average by filling a gap in local supply.
How does Panama City compare to nearby Airbnb markets?
Among neighboring markets, Buenaventura posts $62,082 in average annual revenue with 34.0% occupancy, compared to Panama City's $36,190 and 53.5%. Comparing nearby markets helps investors understand whether a destination's performance reflects local demand or broader regional trends.
When is the peak season for Airbnb in Panama City?
January is the highest-revenue month in Panama City, while September is the softest. The revenue spread between them indicates moderate seasonality with a clear peak period, giving hosts opportunities to maximize rates during high demand without facing dramatic off-season drops.
About AirROI Market Data
AirROI tracks over 20 million properties across 190+ countries and maintains 15+ years of historical performance data, making it one of the deepest Airbnb and STR intelligence platforms available. The analytics pipeline aggregates listing-level data monthly — revenue, occupancy, nightly rates, RevPAR, guest demographics, booking patterns, and competitive supply — so investors and operators can benchmark any market against its own history and against neighboring destinations.
Real estate investors, property managers, financial institutions, hedge funds, tourism boards, hospitality consultants, tech platforms, and academic researchers rely on AirROI data to underwrite acquisitions, optimize pricing, model macro trends, and conduct peer-reviewed research. Data is available through in-depth market reports like this one and the Airbnb API with 22 endpoints and an Airbnb MCP Server for AI agents.
AirROI proprietary analytics as of 2025-10-31. Metrics reflect trailing twelve-month aggregates from active listings. Revenue figures are market averages, not projections. Neighborhood descriptions are AI-generated and reviewed for accuracy. For full methodology, see the data methodology page.